Germany-based business process modelling software developer Signavio yesterday collected $177m in a series C round backed by Deutsche Telekom Capital Partners, the corporate venturing arm of telecommunications firm Deutsche Telekom.
Apax Digital, the growth equity division of private equity firm Apax Partners, led the round. The transaction remains subject to customary closing conditions and is expected to conclude later this year.
Founded in 2009, Signavio offers a software suite for enterprise clients to mine, model, monitor, manage and maintain business processes. It has developed a decision-making tool that helps companies cope with the challenges surrounding digital transformation.
The money will accelerate Signavio’s international expansion efforts, with a focus on Japan and India, and drive product development. Daniel O’Keefe, managing partner of Apax Digital, and his colleague, managing director Mark Beith, will join the board of directors.
Signavio previously obtained €15.5m ($19m) in series B capital from investment firm Summit Partners in March 2018, after the same investor had supplied $33.5m in series A financing in 2015.
