The recent Series B investment round was led by Tiger Global. : PayPal Ventures, the venture capital arm of payments firm PayPal, announced yesterday that the company has participated in the latest $40 million investment round of Codat, the UK-based technology firm that enables small businesses to easily share business and financial data with financial and other service providers. According to the official press release, the Series B funding round was led by Tiger Global, an American investment firm, with participation from PayPal Ventures and Index Ventures. This is the second investment from PayPal Ventures in Codat.