Papaya Global raises $250 Million at $3.7 Billion Valuation for Tech Industry

Papaya Global, the AI platform that aims to automate the process of payroll, hiring, onboarding, and compliance services. It is the cloud-based technology, which main clients are companies that employ workers who are not in their home country. However, among the clients are not only global companies, but also the ones which expand their workforce fast.

The round Series D was led by Insight Partners and Tiger Global. Other investors were Bessemer Ventures, IVP, Alkeon Capital, Workday Ventures, Access Industries, and Group 11. The funding raised is three times bigger than the previous one in Series C. “We’re thrilled to continue our partnership with Papaya and watch them grow.”, – said Teddi Wardi, managing director at Insight Partners.

Papaya Global was founded in 2016 in Israel by Eynat Guez, Ruben Drong, and Ofer Herman. They were focusing on reinventing the global HR system. The company offers a Total Payroll service that combines all the payroll activities in a single panel. As of now, Papaya Global provides solutions in more than 140 countries. Papaya Global has its offices in Israel, Australia, Ukraine, the US, and the UK.

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