Sony Pixel Power calrec Sony

Papaya Global Raises $100 Million in Series C Funding at Over $1 Billion Valuation

05/03/2021

Global people management platform for the remote work era which tripled its revenue in 2020 for the third straight year provides a radically simple solution for managing and paying all types of global workers in full compliance

TEL AVIV, Israel March 4, 2021 Papaya Global, the industry-leading workforce management platform transforming global employment, announced today that it has raised $100 million in a Series C funding, bringing the company's valuation across $1 billion.

The new investment follows Papaya's $40 million Series B funding announced less than 6 months ago.

The new funding round was led by GreenOaks Capital Partners and joined by IVP and Alkeon, with participation from existing investors Insight Venture Partners, Scale Ventures, Bessemer Ventures, Dynamic Loop, New Era and Workday Ventures, Access Ventures and Group 11. The new investment brings Papaya's total funding to $190 million.

Papaya's SaaS software unifies all workforce management tasks under one platform - from onboarding through payroll and payments - in over 140 countries. Recently, Papaya launched an HRIS functionality to enhance the employment experience and radically simplify workforce management.

Papaya's innovative approach to the total workforce allowing companies to hire and manage top talent anywhere and provide a high-level employee experience quickly pushed Papaya to a commanding lead in the global workforce market.

Papaya will use the new funding to meet the strong demand for its global workforce management platform, reinforce its market leadership, and invest in its product, engineering and go-to-market teams.

Co-founded by Eynat Guez, CEO, Ruben Drong, CPO and Ofer Herman, CTO, Papaya Global has been on a hyper-growth trajectory. 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.

We made a bold prediction in 2016 that Papaya's technology would emerge as the most significant innovation for the global workforce and that we would become a standard for workforce management, just as ERP has in finance, said Papaya's CEO and Co-founder, Eynat Guez. The market has proven that prediction was correct.

With companies switching to remote work and compliance becoming increasingly complex, we are seeing substantial demand for Papaya's solution, even in a challenging business environment, Ms. Guez added.

Papaya Global has built a best in class solution to onboard new employees, automate payroll, and manage a global workforce through a single pane of glass. Both growing and established companies have dramatically changed their working practices in recent years, and Papaya has seen impressive growth as a result. We're excited to continue supporting them as they seek to simplify an increasingly complex challenge for some of the world's biggest companies, said Patrick Backhouse, Partner at Greenoaks Capital.

Modern enterprises are increasingly looking to combat talent shortages and rising costs in core markets by finding geographies where they can hire and innovate more quickly and more capital efficiently, said Mark McLaughlin, General Partner at Alkeon. Papaya's leading technology enables their customers to seamlessly extend their human capital footprint globally in a way that is synergistic to their existing operations.

Clients can go live with a global client within weeks (not months!) thanks to Papaya's AI and RPA process, its ability to integrate with all data tools (such as expense management, Time and Attendance, and more), and advanced Business Intelligence that provides actionable workforce spending reports in real time.

Papaya is not only offering the best technology in the field, but also a customer experience that has been called mind-blowing by our clients, a unique Center of Excellence to support clients' needs in compliance, benefits, and labor laws globally, Ms. Guez added.

With a seamless platform supporting all employment options (payroll, EoR, and contractors), employee engagement, payroll, and global payments, Papaya's is redefining the global people management category.

About Papaya Global

Papaya offers a people, payroll, and payment management solution supporting all types of global employment (payroll, EoR, and contractors) in over 140 countries to remove barriers to global hiring, enhance collaboration and engagement, and provide a first-rate employment experience.

The automated, cloud-based SaaS platform provides an end-to-end solution, from onboarding to on-going management and cross-border payments. The platform integrates with all existing HRIS management tools, provides real-time business intelligence, and eliminates errors. It gathers all employee information into one place, creating a highly visible system for tracking payroll spending. The platform ensures GDPR and SOC compliance to maintain the highest standard of security.

Papaya's team currently spans Tel Aviv, New York, Austin, London, Kiev, and Melbourne, with plans to triple in growth year-over-year in terms of clients, revenue, and employees globally. Papaya's technology has been recognized by all leading global analysts, including Gartner, Visa, NelsonHall and others, as disruptive in the field of global people, payroll, and payments.
LINK: https://www.ivp.com/news/press-release/papaya-global-raises-100-millio...
See more stories from ivp

Most recent headlines

05/01/2027

Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be demoed at CES 2026

Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...

04/08/2026

Dalet Announces Commercial Availability of Dalia, Bringing Media-Aware Agentic AI to Enterprise Productions

Dalet, a leading technology and service provider for media-rich organizations, t...

04/07/2026

Detective Conan: Fallen Angel of the Highway Opens in Dolby Cinemas Across Japan, Presented in Dolby Atmos and Dolby ...

April 7 2026, 19:00 (PDT) Detective Conan: Fallen Angel of the Highway Opens in...

02/06/2026

Scaler Music launch Carbon Electra 2

Musically intelligent soft synth gets upgraded Scaler Music will be probably be best known to many for their music theory tools, but their product range al...

02/06/2026

Klevgrand introduce Altitude

Powerful new vocal-production tool announced Described as a vocal performance station , Klevgrand's latest plug-in combines pitch-correction with harmo...

02/06/2026

McDSP introduce DC-2 Dual Compressor for APB

Launched alongside Go Green sale extension McDSP have just released the latest addition to their APB line-up, DC-2 Dual Compressor, and have also announced ...

02/06/2026

Ableton announce Extensions SDK

Create custom tools for Ableton Live 12 Suite Ableton have just introduced a new open JavaScript toolkit that allows anyone to create their own custom tools...

02/06/2026

Eventide unveil the H9 Harmonizer Gen 2

Now features full H90 algorithm library Eventide have announced the upcoming launch of the H9 Harmonizer Gen 2, a new and improved version of their hugely p...

02/06/2026

Universal Audio release UAD Topline Vocal Tune

Plus UAD Half Yearly Sale now live The latest arrival to the Universal Audio range delivers a new native pitch-correction plug-in that's capable of deli...

02/06/2026

BTL Laboratory becomes Taiwan's first test house with a CTIA Certification compliant OTA test system by Rohde & Schwarz

BTL Laboratory becomes Taiwan's first test house with a CTIA Certification c...

02/06/2026

Cobalt Digital to Showcase End-to-End IPMX Ecosystem at InfoComm 2026, Making ST 2110 Easy for Pro AV

blueCORE standalone processors headline solutions designed to simplify the trans...

02/06/2026

Monetizing the Archive: How Cantemo's JIT Playback Eliminates the Proxy Bottleneck

If you've kept up with this article series, you know by now where to start w...

02/06/2026

Calrec Scales ImPulseV for Greater Choice in Virtualised Workflows

With new DSP configurations and flexible licensing options, Calrec is removing the barriers to virtualised audio, giving broadcasters the freedom to scale produ...

02/06/2026

Marketing Architects Expands Relationship With Nielsen To Include Integration of Media Data Engine on a National Level

The TV agency was one of the earliest adopters of Nielsen's local television...

02/06/2026

Riedel Networks Taps Gudrun Scharler as CEO

Share Copy link Facebook X Linkedin Bluesky Email...

02/06/2026

Grass Valley Enables Sky News Australia s Cloud-First New...

Grass Valley today announced that Australian News Channel (ANC), operator of Sky News Australia, has deployed Grass Valley AMPP to transform its newsroom produc...

02/06/2026

STUDIO TECHNOLOGIES INTRODUCES NEW MODEL 385 MIC INTERCOM...

Studio Technologies, a leading manufacturer of high-quality audio, video, and fiber-optic solutions, announces its new Model 385 Mic/Intercom Beltpack. The Mode...

02/06/2026

Gudrun Scharler Appointed CEO of Riedel Networks

The Riedel Group today announced the appointment of Gudrun Scharler as CEO of Riedel Networks. She succeeds Michael Martens, who has led Riedel Networks since 2...

02/06/2026

Magewell Levels-Up All-in-One Content Production with Lau...

More signals, higher quality, and outstanding ingest and streaming flexibility deliver professional results in a small, all-in-one footprint...

02/06/2026

Modena Showcases farmerswife at Mediatech 2026

farmerswife will be featured on the Modena Media & Entertainment stand at this year's Mediatech Africa 2026, giving visitors an opportunity to explore the l...

02/06/2026

PTZOptics showcases intelligent video ecosystem at InfoCo...

PTZOptics will showcase a new generation of intelligent video workflows at InfoComm 2026, June 17 19, Las Vegas. Visitors to booth N8227 will see how PTZOptics ...

02/06/2026

Roku Launches the Roku Soccer Zone

Share Copy link Facebook X Linkedin Bluesky Email...

02/06/2026

FCC Sets Deadlines for Comments in ABC License Renewals

Share Copy link Facebook X Linkedin Bluesky Email...

02/06/2026

Studio Technologies Introduces Model 385 Beltpack

Share Copy link Facebook X Linkedin Bluesky Email...

02/06/2026

Gerald Jerry Pierce, Architect of Modern Digital Cinema, Dies at 73

Share Copy link Facebook X Linkedin Bluesky Email...

02/06/2026

Gudrun Scharler Appointed CEO of Riedel Networks

Wuppertal June 2, 2026 Gudrun Scharler Appointed CEO of Riedel Networks The Riedel Group today announced the appointment of Gudrun Scharler as CEO of Riedel N...

02/06/2026

Discover Your Next Book-to-Screen Obsession With Our New Dedicated Hub

Back to All News Discover Your Next Book-to-Screen Obsession With Our New Dedicated Hub Product 02 June 2026 Global Link copied to clipboard Dear most vor...

02/06/2026

New LinkedIn Data: 90% of C-Suite Leaders are Continuously ...

New LinkedIn Data: 90% of C-Suite Leaders are Continuously Building Skills to Lead in the AI Era Published on Jun 2, 2026 Categories: Data and insights Lin...

02/06/2026

Why TAG matters in digital advertising

Trust has become a commercial issue With global advertising spend forecast to exceed US$1 trillion this year*, the commercial consequences of weak governance co...

02/06/2026

RT is Supporting 12 Arts and Cultural Events all over Ireland this June

June sees Ireland's cultural calendar in full bloom, as RT Supporting the Arts showcases a vibrant and wide-ranging programme spanning music, theatre, visu...

02/06/2026

New seasons of The Traitors UK and US now available to stream on RT Player

After The Traitors Ireland launched in 2025, Irish audiences proved to have a taste for the global hit reality show. This Bank Holiday Monday fans can indulge e...

01/06/2026

CBS Sports UEFA Champions League Today Studio Show Heads to Budapest for Final as Transcontinental Popularity Grows

In its sixth year, the broadcaster's coverage has become a global brand and ...

01/06/2026

AudioShake Launches End-to-End Copyright Compliance System for Mixed-Media Audio

Designed to solve a common problem in broadcasting, the automated workflow detects, identifies, removes, and documents copyrighted music AudioShake has introdu...

01/06/2026

SVG Sit-Down: Stats Perform's Charles Kaplan on 30 Years of Opta, a Busy Summer of Soccer, What's Next

The sports-analytics company combines its data with proprietary AI to help leagu...

01/06/2026

Production Music Awards 2026

Category line-up & sponsors announced Photo: Paul Clarke The Production Music Awards (PMA) have announced that submissions are now officially open ahead of...

01/06/2026

Evolve Nest Acoustics from Excite Audio

New hybrid sample/synthesis instrument revealed Excite Audio have just released the latest instalment in their Evolve series, which has been developed in co...

01/06/2026

IK Multimedia release Royal 45 Legends Signature Collection

Latest TONEX expansion captures three rare vintage amps The newest addition to IK Multimedia's ever-growing TONEX line-up introduces a set of three incr...

01/06/2026

Scaler Music Carbon Electra 2

Musically intelligent soft synth gets upgraded Scaler Music will be probably be best known to many for their music theory tools, but their product range al...

01/06/2026

SBS confirms its broadcast sponsors for FIFA World Cup 2026

SBS confirms its broadcast sponsors for FIFA World Cup 2026 1 June, 2026 Media releases SBS has secured Hyundai, Hisense, Macca's, Rexona, bet365, Com...

01/06/2026

Rohde & Schwarz Satellite Industry Days 2026 guided by the motto From Earth to Orbit

Rohde & Schwarz Satellite Industry Days 2026 guided by the motto From Earth to ...

01/06/2026

ASG Advances Joe Marchitto to Western Regional CTO

Share Copy link Facebook X Linkedin Bluesky Email...

01/06/2026

Scripps Stations Go Dark on DirecTV

Share Copy link Facebook X Linkedin Bluesky Email...

01/06/2026

MARSHALL ELECTRONICS POWERS SEAMLESS AV EXPERIENCES WITH...

Marshall Electronics is showcasing a comprehensive lineup of next-generation POV cameras, purpose-built to power today's connected AV environments, at InfoC...

01/06/2026

Adobe Announces Concept to Vector

Adobe Announces Concept to Vector Deepa Subramaniam June 1, 2026 0 Comments One of the biggest frustrations we hear from designers is how difficult it...

01/06/2026

Vampire Feature Night Patrol Graded with DaVinci Resolve Studio

Vampire Feature Night Patrol Graded with DaVinci Resolve Studio Brie Clayton June 1, 2026 0 Comments Colorist shapes dark, gritty tone for horror thri...

01/06/2026

U.S. Broadcasters Ready for Most Complex FIFA World Cup Ever

Share Copy link Facebook X Linkedin Bluesky Email...

01/06/2026

Broadcasters Prepare for Nation's 250th Birthday Bash

Share Copy link Facebook X Linkedin Bluesky Email...