Paddle completes a $68 million series C round led by FTV Capital, with participation from Kindred Capital, Notion Capital and 83 North.

Paddle, a London, UK-based developer of a Revenue Delivery Platform for B2B Software-as-a-Service companies, announced that it has raised $68 million in Series C funding.

The money was raised from investors led by FTV Capital, with participation from Kindred Capital, Notion Capital and 83North. Proceeds will be used for continued expansion in the US and globally, as well as further investments in the company’s product, engineering, sales and marketing teams.

Paddle, founded in 2012 by Christian Owens and Harrison Rose, developed a software solution aiming to help other software companies sell their products. The Paddle team has grown to 140 employees, and Paddle’s Revenue Delivery Platform today serves over 2,000 software companies in 245 countries and territories globally, empowering them to respond to every growth opportunity across customer acquisition, renewals and expansion.

Paddle previously raised $25 million.