Tide Holdings Limited has raised $120 million from a Series C follow-on funding round led by TPG, with participation from existing investor, Apax Digital Partners, by primary and secondary investment.
TPG made their investment through The Rise Funds, 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.
Herbert Smith Freehills Kramer advised Tide on this fundraise.
The transaction team was team led by Corporate Partners Michael Jacobs and Dylan Doran Kennett, and included Corporate Senior Associates Tom Watkins, Financial Services Partner Kelesi Blundell and Incentives Partner Mark Ife, and Corporate Associates Joshua Avis and Sabry Salama, together with German VC/Growth Corporate Partner Gregor Klenk and Luxembourg Corporate Partner Marc Tkatcheff.
Anagram Partners advised TPG on Indian law related aspects of the transaction.
The team was led by Aditi Tralshawala (Partner) and comprised Keegan Pavrey (Principal Associate) and Gayatri Kasibhatta (Associate).
Paul Hastings (Europe) LLP acted as counsel on ESG advisory work for TPG.
The transaction team was led by Ruth Knox (Chair of ESG & Sustainable Finance), which included Associates Matthew Ivor-Jones, Christopher Jones and Matt Sharples.
Founded in 2015, Tide is one of the UK’s fastest-growing fintech platforms, offering banking, credit, and financial management solutions designed to help small and medium businesses save time and money.
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