Papaya Global valuation surges to $3.7 billion on back of $250 million Series D
The Israeli company’s valuation has increased by 10x since September 2020. "I believe that this is our final funding round before going public, but in today's market everything is fluid," revealed CEO Eynat Guez
Meir Orbach | 20:49 11.09.2021
Just six months after joining the unicorn club, Israeli workforce management company Papaya Global announced on Saturday that its valuation has surged to $3.7 billion following its $250 million Series D. The new funding round was led by New York-based global private equity and venture capital firm Insight Partners and joined by Tiger Global, with participation from existing investors - Scale Venture Partners, Bessemer Venture Partners, IVP, Alkeon Capital, Workday Ventures, access industries and Group 11. The new investment brings Papaya’s total funding to $440 million, with the company's valuation increasing by 10x since September 2020. Papaya Global was founded in 2016 by Eynat Guez (CEO), Ruben Drong (CPO), and Ofer Herman (CTO). It started out operating on a bootstrap modal, relying largely on Guez’s experience from running RelocationSource, a leading company in the executive relocation sector.