TPG’s $120m strategic investment in Tide at a $1.5bn valuation, alongside existing investor Apax Digital
We are pleased to have acted as financial adviser to TPG on its $120m strategic investment in Tide, the UK’s leading business management platform, alongside existing investor Apax Digital. This investment values Tide at $1.5bn and marks a significant milestone in its growth journey.
Launched in 2017, Tide is a global business management platform with operations in UK, India, Germany and France. Tide offers business accounts and related banking services to SMBs along with a comprehensive set of highly usable and connected administrative solutions, from invoicing to accounting and other adjacent commercial services. This transaction will accelerate Tide’s international expansion, support rapid product development and advance its investment in AI.
The investment was made through TPG Rise, the multi-sector strategy of TPG’s global impact investing platform, which partners with high-growth businesses to drive scalable, positive change alongside strong financial returns. The fund has invested in more than 85 impact-focused companies, alongside mission-driven founders and entrepreneurs.
This transaction further demonstrates Torch Partners’ experience and successful track record in FinTech.
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