UK-based business management platform Tide announced a strategic investment from TPG, raising the company’s valuation to $1.5 billion. The primary and secondary investment, totaling over $120 million, was led by TPG and supported by existing investor Apax Digital Funds. Tide plans to use the funding to accelerate international expansion, support rapid product development, and advance its investment into agentic AI. CEO Oliver Prill said, "Securing this investment from TPG is a major milestone for Tide and a strong endorsement of our growth as the leading business management platform serving 1.6m members worldwide." Yemi Lalude, Partner at TPG, added, "We are excited to support Tide’s mission to democratize access to financial and administrative services for SMEs."
Launched in 2017, provides business accounts, accounting tools, payroll solutions, and integrated admin services. The platform helps Small and Medium-sized Businesses (SMBs) save time and money through a connected digital-first solution for managing key business tasks. Prill said, "Securing this investment from TPG is a major milestone for Tide and a strong endorsement of our growth as the leading global business management platform serving 1.6m members worldwide. This funding will accelerate our international expansion, building on our highly successful and profitable UK business."
