Tide Secures $120 Million Investment

Augmentum portfolio company Tide today announced that it has secured investment of USD$120 million from TPG and existing investor Apax.

Tide, the UK’s leading business management platform, now serves 1.6 million SME customers worldwide, including in the UK (in which it has 14% market share), India, Germany, and as of earlier this month, France.

The new funding, which takes Tide’s valuation to $1.5 billion, will accelerate Tide’s international expansion, support rapid product development and advance its investment into agentic AI.

Read more on Bloomberg and TechCrunch.