9 Israeli-Founded Companies Reach Unicorn Status In 1st Quarter Of 2021
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A Unicorn gets its horn: Papaya Global raised $100M at $1B+ valuation
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Israeli Workforce Management Company Papaya Global Raises $100 Million Making It Israel s First Female-Led Unicorn
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Papaya Global raises $100m at unicorn valuation
The Israeli company s platform creates an automated process to solve the complexity of payroll data management.
Israeli payroll solutions company Papaya Global has announced a $100 Series C financing round at a company valuation of over $1 billion. The financing was led by GreenOaks Capital Partners together with new investors IVP and Alkeon Capital and existing investors including Insight Venture Partners, Bessemer Venture capital, Group 11 and Scale Venture Capital. The company has now raised $195 million, after raising $40 million last September.
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Papaya Global CEO Einat Guez said the company had no plans to raise more money. She said, My aim was to expand the company and get on with business and not look for investors or raise money. But GreenOaks contacted us and said that they had done market research on us, which I really liked, and they spoke about the importance of our field in the new world of work and pre