Iris leads €20m round for Jedox

Early-stage investor eCapital and Swiss family office Wecken & Cie have also taken part in the financing.

The deal comes shortly after the announcement of Iris Capital's appointment of Capnamic principal Thorben Rothe to expand its Berlin-based investment team.

The fresh capital will be used to accelerate Jedox's global expansion and product development. The company currently employs more than 160 people in eight offices in Germany, the US, France, Australia and Singapore.

Previous funding
Jedox raised a €3.5m series-A funding round led by eCapital in January 2008. The investor returned six months later to invest a further €2m in the company before backing its €5.5m series-B in January 2009. Wecken & Cie joined the syndicate in May 2016 to provide another round of funding alongside eCapital.

In total, the company has raised more than $40m, according to publicly available documents.

Company
Jedox is a developer of open-source-based planning, analysis and reporting software. With its Palo-Server and Worksheet Server products, Jedox provides a solution for enterprise spreadsheets that converts Excel applications into corporate-wide business intelligence and ensures a consistent data model for all spreadsheets throughout a corporation. Jedox software is used by 2,300 organisations in 140 countries. The company was founded in 2002, is headquartered in Freiburg and employs a staff of 160.

People
Iris Capital – Curt Gunsenheimer (senior partner).
Jedox – Kay-Ingo Greve (CEO).

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