General Atlantic’s Partnership with Invoice Cloud


Paul, Weiss is representing General Atlantic in its strategic partnership with Invoice Cloud, Inc. General Atlantic, which will become the majority shareholder, will invest in Invoice Cloud alongside existing shareholder Summit Partners and Invoice Cloud management.


Invoice Cloud, Inc., a leading Software as a Service (“SaaS”) provider of vertical software, billing, and payments solutions, closed a strategic partnership agreement with General Atlantic, a global growth equity firm. General Atlantic, which will become the majority shareholder, will invest in Invoice Cloud alongside existing shareholder Summit Partners and Invoice Cloud management to help fuel the company’s next stage of growth.

Founded in 2009, Invoice Cloud provides cloud-based customer engagement and electronic payment processing capabilities to more than 25,000 clients in the government, utilities, health & wellness, non-profit, and financial services sectors. Invoice Cloud’s leading vertically focused software solutions help clients save on administrative costs, improve customer engagement, and streamline the billing and collections processes.

The Paul, Weiss team includes corporate partners Matthew Abbott (Picture) and Ellen Ching; tax partners Lindsay Parks and Patrick Karsnitz; real estate partner Peter Fisch; employee benefits partners Robert Fleder and Lawrence Witdorchic and counsel Jarrett Hoffman; intellectual property counsel Jonathan Ashtor; environmental counsel William O’Brien; and antitrust counsel Marta Kelly.

Involved fees earner: Matthew Abbott – Paul Weiss Rifkind Wharton & Garrison; Ellen Ching – Paul Weiss Rifkind Wharton & Garrison; Lindsay Parks – Paul Weiss Rifkind Wharton & Garrison; Patrick Karsnitz – Paul Weiss Rifkind Wharton & Garrison; Peter Fisch – Paul Weiss Rifkind Wharton & Garrison; Robert Fleder – Paul Weiss Rifkind Wharton & Garrison; Lawrence Witdorchic – Paul Weiss Rifkind Wharton & Garrison; Jarrett Hoffman – Paul Weiss Rifkind Wharton & Garrison; Jonathan Ashtor – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: General Atlantic;