Deutsche Telekom Capital Partners (DTCP), the corporate venturing unit of telecommunications firm Deutsche Telekom, took part in an $80m series D round for Germany-based enterprise software technology producer LeanIX yesterday.
Investment banking firm Goldman Sachs’ Growth division led the round, which included growth equity firm Insight Partners.
LeanIX has created technology that maps an enterprise’s legacy software and software-as-a-service applications to help them better understand how different products are used, by which parts of the company and how they fit together.
The software helps ensure corporate governance across disparate cloud computing services and identify risks due to outdated products. The capital will go to international growth and product development, and Goldman Sachs Growth vice-president Alexander Lippert will join LeanIX’s board of directors.
André Christ, co-founder and chief executive of LeanIX, said: “LeanIX is like Google Maps for a company’s IT landscape: we provide information in the appropriate context to determine the exact location and to plan the future journey in a way the business understands.
“Looking at future states of your architecture should be as simple as jumping to a point in time in your backup with a time machine.”
LeanIX has now raised approximately $120m in funding since it was founded in 2012. It closed a $30m series C round in late 2018 that was led by Insight Partners and backed by DTCP, Capnamic Ventures and Iris Capital.
DTCP had already led the company’s $7.5m series B round in 2017, investing alongside Iris Capital and Capnamic Ventures. The latter two had provided $2.4m in series A funding for LeanIX in 2015.
