Herbert Smith Freehills Kramer (HSF Kramer), Anagram Partners, and Paul Hastings advise on Tide’s US$120 million Series C follow-on funding led by TPG.
The primary and secondary investment values Tide at approximately US$1.5 billion, cementing its unicorn status. The funding will support Tide’s international expansion, accelerate product development and advance its investment in agentic AI. Tide operates across the UK, India and Germany and serves over 750,000 small business customers.
Herbert Smith Freehills Kramer advised Tide.
The Herbert Smith Freehills Kramer team was led by corporate Partners Michael Jacobs and Dylan Doran Kennett, with support from Senior Associate Tom Watkins; financial services Partner Kelesi Blundell; incentives Partner Mark Ife; corporate Associates Joshua Avis and Sabry Salama; German VC/Growth Partner Gregor Klenk; and Luxembourg corporate Partner Marc Tkatcheff.
Anagram Partners acted as legal advisor to TPG on the India aspects of its strategic investment in Tide. The team was led by Partner Aditi Tralshawala and comprised Keegan Pavrey.
Paul Hastings (Europe) LLP advised TPG’s The Rise Funds on ESG and sustainability aspects of the investment.
The Paul Hastings team was led by Chair of ESG & Sustainable Finance Ruth Knox, with support from Associates Matthew Ivor-Jones, Christopher Jones and Matt Sharples.
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