Invus injects $48m into Bizagi

The fresh capital will enable the company to undertake international expansion across Europe and the US.

Bizagi launched its US operations in 2013, and now has offices in Santa Clara, New York, Washington, Chicago and Dallas. In addition to its headquarters in Buckinghamshire, it also has European offices in Madrid and Munich.

Invus invests from an evergreen fund with Luxembourg-based family office Artal acting as its sole LP. The firm has a $5bn pool of capital across both its public and private investment arms.

The firm's most recent European investment saw it take part in a £119m Blackstone-led growth capital round for UK-based student lender Future Finance in March 2016.

Company
Founded in 1989 and headquartered in Chalfont St Peter, Buckinghamshire, Bizagi develops automation software that enables companies to digitalise and integrate processes, documents, applications, devices and communication channels. The company has additional offices across Europe, the US and Latin America, and serves clients including Adidas, BAE Systems, Kaiser Permanente and Old Mutual.

Bizagi generated a turnover of £9.7m in the 15-month period ending in March 2017, according to publicly available documents, with gross profit of £5.7m.

People
Bizagi – Gustavo Gomez (CEO, co-founder).

Advisers
Company – GP Bullhound (corporate finance).

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