Tide Secures $120 Million Investment

Summary by AI BETAClose X

Augmentum Fintech plc notes that its portfolio company, Tide, has secured $120 million in investment from TPG and existing investor Apax. Tide, a business management platform with 1.6 million SME customers worldwide, including a 14% market share in the UK, will use the funding to accelerate international expansion, product development, and AI investment. Tide represents 24.1% of Augmentum's net assets as of March 31, 2025. Augmentum first invested in Tide in September 2019, leading its Series B funding round. The announcement does not reflect a material impact on the NAV reported in the Company’s Annual Results on June 30, 2025.

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