Papaya is proud to announce the close of a $100 million Series C funding round, bringing the company’s valuation to over $1 billion.
The investment comes on the heels of 300% revenue growth year-over-year for each of the last 3 years and reflects strong demand for Papaya’s unique offering in global workforce management. Papaya has emerged as the top global workforce management platform for the remote work era, providing a radically simple solution for managing and paying all types of global workers in full compliance.
The funding round was led by GreenOaks Capital Partners and joined by IVP and Alkeon, with participation from existing investors Insight Partners, Scale Venture Partners, Bessemer Venture Partners, Dynamic Loop, New Era and Workday Ventures, Access Ventures and Group 11. The new investment brings Papaya’s total funding to $190 million.