Berlin-based startup Signavio‘s main product is a business transformation suite, which enables customers to effectively model, monitor, manage, change, and maintain their business processes. Its suite allows managers and employees to create workflows, model processes, and make better decisions.
Founded in 2009, the Berlin-based startup has just raised €157 million to fuel continued international expansion and investment in its world-class software suite. The round was led by Apax Digital, the growth equity team of Apax Partners, with participation from DTCP. Existing investor Summit Partners will retain an equity stake in the business.
Signavio has grown its revenue by more than 70% over the last twelve months, and now counts over 1,300 customers with more than one million users across industries and geographies, including leading companies such as SAP, Deloitte, Liberty Mutual, Bosch, Comcast-NBCUniversal.
“Ten years ago, we set out on a journey to tackle the time-consuming practices that limit business productivity,” said Dr. Gero Decker, CEO and co-founder of Signavio. “This significant new investment further validates our approach to solve business problems faster and more efficiently, unleashing the power of process through our unique Business Transformation Suite. We are thrilled to welcome Apax Digital as our new lead partner, and look forward to building upon our success to date by leveraging our partners’ operating capabilities and global platforms for our international expansion.”
This new investment will be used to accelerate international expansion and to further invest in Signavio’s product suite. The company already has nine offices across the world and is expanding operations in Japan and India, as well as increasing its employee base by over 50% in 2019.
“With innovative, intelligent and easy-to-use solutions, Signavio is helping to enable digital transformation across thousands of organizations worldwide, enabling new use cases and extending the reach of BPM software from IT to business users,” said Matthias Allgaier, Managing Director with Summit Partners, which first invested in Signavio in 2015. “It has been a delight to work closely with Gero and the entire team to support the company’s impressive growth thus far. We are thrilled to welcome Apax and to continue our partnership with Signavio.”