Global workforce management platform Papaya Global raised $250 million in Series D funding, bringing the company’s valuation to $3.7 billion.
which raised $250 million in Series D funding, bringing the company’s valuation to $3.7 billion. Papaya’s valuation has increased tenfold since September 2020.
The new funding round was led by New York-based global private equity and venture capital firm Insight Partners and joined by Tiger Global, with participation from existing investors Greenoaks Capital, IVP, Scale Venture Partners, Bessemer Venture Partners, Alkeon Capital, Workday Ventures, Access Industries and Group 11.to co-founder and CEO Eynat Guez last March, she said Papaya’s ambition was “to be the Salesforce for the workforce.” At the time, Papaya has reached a mere $1.
Papaya’s SaaS software unifies all workforce management tasks under one platform, from onboarding through payroll and payments, in over 140 countries. In addition, it now launched a full Diversity, Equity and Inclusion dashboard to support another aspect of the business, social responsibility. The new DE&I dashboard tracks essential KPIs such as fair pay, gender distribution, retention, attrition, and age distribution.
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