Papaya Global Raises $100 Million in Series C Funding at Over $1 Billion Valuation
Summary
Papaya will use the new funding to meet the strong demand for its global workforce management platform, reinforce its market leadership, and invest in its product, engineering and go-to-market teams. "With companies switching to remote work and compliance becoming increasingly complex, we are seeing substantial demand for Papayas solution, even in a challenging business environment," Ms. Guez added. Were excited to continue supporting them as they seek to simplify an increasingly complex challenge for some of the worlds biggest companies," said Patrick Backhouse, Partner at Greenoaks Capital. "Modern enterprises are increasingly looking to combat talent shortages and rising costs in core markets by finding geographies where they can hire and innovate more quickly and more capital efficiently," said Mark McLaughlin, General Partner at Alkeon. Papayas team currently spans Tel Aviv, New York, Austin, London, Kiev, and Melbourne, with plans to triple in growth year-over-year in terms of clients, revenue, and employees globally.
Funding
Classifications
AskAI Classifications
LabelsLinked Companies
