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November 17, 2020

Paddle raises $68m as SaaS soars

The investment is the latest sign that Europe's playing a key role in the SaaS boom


Freya Pratty

4 min read

As the world moves online, the software-as-a-service (SaaS) market has taken off. The Emerging Cloud index, which tracks the valuation of software companies, has consistently outperformed the Nasdaq all year, accelerating fast after the pandemic hit.

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The Emerging Cloud Index tracked against the Nasdaq. Credit: Bessemer Venture Partners.
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Credit: Accel
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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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