Insight leads $30m series-C for LeanIX

Existing backers Deutsche Telekom Capital Partners (DTCP), Capnamic Ventures and Iris Capital also took part in the round.

The latest investment brings the total amount raised by the company to $40m and will enable it to pursue international expansion with a particular focus on the US market. The business will also invest in product development.

As part of the deal, Insight principal Teddie Wardi will take a seat on the LeanIX board of directors.

Previous funding
Capnamic and Iris invested €2.2m in LeanIX's series-A round in 2015. DTCP then led a $7.5m series-B for the company in July 2017, with Capnamic and Iris also participating in the round.

Company
Founded in 2012, Bonn-headquartered LeanIX develops software management platforms for businesses. Its clients include 7-Eleven, Adidas, DHL, Santander and McKesson. The company recently opened an office in Boston.

People
Insight Venture Partners – Teddie Wardi (principal).
LeanIX – André Christ, Jörg Beyer (founders).

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• Insight Venture Partners
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