Tide has secured over US$120 million in investment from TPG and Apax Digital Funds, raising its valuation to US$1.5 billion.

Tide, a UK-based business management platform, said the funding will support its international expansion and development of AI features.

The investment was made through TPG’s Rise Funds, which focuses on high-growth and impact-driven companies.

TPG’s Yemi Lalude will join Tide’s board as part of the deal.

Tide currently supports 1.6 million members in the UK, India, Germany, and France.

The company provides business management tools for small and medium-sized businesses, including accounting, expense management, payroll, credit, and payment solutions.

Morgan Stanley advised Tide on the transaction, while Torch Partners advised TPG.

🔗 Source: Tide