There's still time to register for tomorrow's webinar which is sponsored by PrimaryBid, featuring Zephyr Energy (ZPHR), SpectrumX, Scirocco Energy (SCIR) and Power Metal Resources (POW). Sign up here.

Less Ads, More Data, More Tools Register for FREE

Apax Global Alpha puts EUR 2.5m into Tide funding round

Wed, 14th Jul 2021 08:39

(Sharecast News) - Apax Global Alpha announced on Wednesday that the Apax Digital Fund (ADF), in which it is a limited partner, has invested in business finance platform Tide as part of a series C funding round led by ADF.
The FTSE 250 firm said that on a look-through basis, it was expecting to invest around €2.5m (£2.13m) in the company.

"Tide is a leading financial and software platform for small and medium-sized businesses," the Apax board said in its statement.

"The Tide business financial platform offers business accounts and related banking services, as well as a comprehensive set of integrated software solutions, such as expense management tools, electronic invoicing, and API connectivity with third party software-as-a-service providers.

"Tide has experienced rapid and sustained growth since launching in 2017, with 2020 seeing the business more than double its user base in the UK."

The investment put Tide in a position to continue to develop its business financial platform, grow its market share, and expand globally, Apax explained.

At 0823 BST, shares in Apax Global Alpha were up 0.42% at 202.84p.

Related Shares

More News

IN BRIEF: Apax Global Alpha gets NAV uplift from Thoughtworks IPO

IN BRIEF: Apax Global Alpha gets NAV uplift from Thoughtworks IPO

16 Sep 21 10:54

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

10 Sep 21 16:10

Apax Global to invest EUR22 million in T-Mobile Netherlands deal

Apax Global to invest EUR22 million in T-Mobile Netherlands deal

8 Sep 21 09:23

Apax, Warburg Pincus to acquire T-Mobile Netherlands

(Sharecast News) - Apax Global Alpha said on Wednesday that the Apax X Fund had signed, in consortium with Warburg Pincus, a definitive agreement to acquire T-Mobile Netherlands.

8 Sep 21 08:09

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.