Bizagi, an enterprise software company, has raised $48 million in funding. The investor was Invus. GP Bullhound provided financial advice to Bizagi on the transaction.
LONDON–(BUSINESS WIRE)–Bizagi, the leading enterprise software company for digital transformation, today announces the closing of a $48 million USD minority investment by private equity firm, Invus. Bizagi will use the new capital to accelerate growth across focus markets – the US and Europe.
Bizagi’s market leading digital process automation software is used by almost one million users across many of the world’s largest businesses including adidas, Aon plc, Old Mutual and Kaiser Permanente. Bizagi helps enterprises thrive in the digital era through its digital process automation platform that connects people, applications, devices and information to deliver the engaging experience that today’s customers demand.
Invus has an excellent track record of investing in rapid growth companies with proven business models. The private equity firm is renowned for its selective approach and the investment in Bizagi comes at a time when the company can accelerate its growth in the thriving process automation market. Leading research firm Forrester, predicts that the market will grow to $2.9BN by 2021 and Bizagi’s strong customer base and best-in-class digital process automation software means it’s well-positioned to capitalize on this boom.
“Bizagi was founded with one goal in mind – to become the market-leader in enterprise software for digital transformation. We have reached many significant milestones as we’ve grown as an organization and now work with some of the largest businesses in the US and around the globe. However, we recognize the unique opportunity today’s market provides us to boost growth and Invus’ backing will help further scale our software platform and accelerate expansion in our key markets,” commented Gustavo Gomez, CEO and co-founder of Bizagi. “As organizations strive to digitally transform, many are turning to innovative cloud and artificial intelligence (AI) solutions that empower both business and IT users to drive the change across their operations.”
Founded in 1989, Bizagi now employs over 400 people with global headquarters in the UK and regional offices across Europe, US and Latin America. It is led by a highly experienced management team and supported by a growing implementation partner network worldwide.
GP Bullhound, the European technology investment bank, acted as the exclusive financial advisor to Bizagi on its growth equity investment from Invus.
Bizagi helps organizations to transform into digital businesses. Its process automation platform connects people, applications, devices and information to deliver the engaging experience that today’s customers demand. Fuelled by a community of almost 1 million users, Bizagi powers enterprises worldwide including adidas, BAE Systems, Kaiser Permanente and Old Mutual. For more information visit www.bizagi.com.
Since 1985, Invus has been an equity investor in companies who seek to transform their industries. Invus partners with owner-managers of private companies to help them achieve extraordinary business performance. Over its 30 year history, Invus has achieved both cash on cash multiples and annual internal rates of return that are at the very top of the private equity industry. Today Invus manages over $5 billion in assets and capital through an evergreen fund structure and has offices in New York, London, Paris and Hong Kong. Invus invests in companies across a wide range of industries including consumer products and services, technology, software, and healthcare.