padoa, a leading occupational health technology platform in France, serving occupational health services, healthcare professionals, employers, and employees through a fully integrated digital ecosystem, has received a strategic growth investment from Thoma Bravo, the world’s largest software-focused investment firm. The investment is being made through Thoma Bravo’s Europe Fund, with significant participation from padoa’s co-founders and existing shareholders Five Arrows, the alternative assets arm of Rothschild & Co, and Kamet Ventures.
“padoa is a compelling addition to our European partnerships, and we see a significant opportunity to support the company as demand for better care and supportive technology accelerates across Europe,” said Irina Hemmers, partner, and David Tse, principal at Thoma Bravo. “This strategic growth investment reflects our continued commitment to backing the strongest software companies in the region and supporting them in becoming European champions.”
The investment is designed to accelerate padoa’s mission to improve the health of millions of people and enable padoa to further invest in AI capabilities, customer service, international expansion, particularly in the DACH region, and product innovation.
Founded in 2016, padoa’s products enable more effective service delivery, health prevention, and compliance amid increasing structural and regulatory requirements.
Kamet first invested in 2016 and was joined by Five Arrows in 2022.
“As we accelerate our international expansion and navigate one of the most significant technological shifts our industry has ever experienced with the emergence of AI, we believe Thoma Bravo’s expertise will help us scale faster, innovate further, and continue delivering category-leading software to occupational health professionals across Europe,” said Cédric Mathorel, co-founder, president and CEO of padoa.
William Blair advised Thoma Bravo.
Press release: Thoma Bravo Invests in padoa, European OHS Leader | Thoma Bravo
