E-commerce startup Paddle lands $3.2m in funding

Paddle, an e-commerce platform for software businesses, has announced the closure of a $3.2m Series A funding round led by BGF Ventures with participation from Spring Partners.

Founded in 2012, the startup provides e-commerce management for software and digital businesses, including global sales, handling sales tax, checkout and support.

Christian Owens, founder of Paddle and a 2016 Thiel Fellow, commented: “We’ve been growing really fast over the last two years, and are planning to invest to continue this growth. We’re roughly doubling the size of our engineering and sales teams over the coming months to keep up with growth.”

Paddle was first backed by Mark Pearson, founder of MyVoucherCodes, and Mark Evans.

Harry Briggs, of BGF Ventures, said: “Paddle provides a complete suite of integrated tools that I think of as ‘Shopify for software’. To put it crudely, in the software goldrush, we believe Paddle makes the best shovels, or, er, paddles.”