The tender alleviates employees' liquidity concerns, temporarily removing one of the forces that could have pushed the AI and data analytics company to finally IPO.
The financing includes a mix of secondary and primary capital, as TabaPay plans to acquire Transact Bank and support TabaPay's product roadmap.
The deal valued the San Francisco-based software company at $2.5 billion, with Accel and 01A participating alongside new investors Salesforce Ventures and S32.
Goldman Sachs Alternatives, Wells Fargo, and DocuSign joined the deal, which valued the AI company at $5.2 billion.
Existing investors Verlinvest and the Mirchandani family have also increased their stakes in the India-based yogurt brand.
The investment in the Colombian fintech comprised a mix of primary and secondary capital.
The Sydney-based firm launched in May as an AI-focused secondaries investor, targeting opportunities through GP-led and direct secondary transactions.
The transaction reportedly valued the ChatGPT maker at the same $852 billion mark achieved during its $122 billion March primary funding round.
The secondary share sale reportedly allows eligible employees to sell up to 25% of their vested shares in the wearable technology startup.
Led by Insight Partners, Fidelity, and J.P. Morgan Asset Management, the data and AI company will provide liquidity for employees through the capital raise, in addition to fueling growth.
