Permira leads $180m round for Nexthink

Highland Europe and Index Ventures are also participating in the round.

The deal values the company at $1.1bn, according to a statement.

Permira is investing via its Growth Opportunities Fund. The fund targets technology-enabled businesses and held a final close in June 2019 on $1.7bn. Its investments include Germany-based FlixMobility, as well as Swedish payment platform Klarna.

Nexthink aims to grow its team of 700 staff by 200 people before the end of 2021, it said in a statement. The company also aims to use the fresh capital to expand its presence in the US.

Bruce Chizen, former CEO of Adobe and senior adviser at Permira, will join its board of directors.

Previous funding
Auriga Partners and VI Partners led a CHF 6m seed round for Nexthink in 2007. The same investors provided growth capital of $1.74m in 2010 and subsequently backed a $5.5m round in 2012.

Highland Europe led a $40m round for Nexthink in 2016, alongside existing investors.

In December 2018, Index Ventures led an $85m funding round for Nexthink, joined by existing investors Highland Europe, Forestay Capital, VI Partners, Auriga Partners and Galeo Capital. New investors including Top Funds and Datadog CEO Oliver Pomel also participated.

Company
Founded in 2004 and based in Lausanne, Nexthink is an enterprise software platform that allows IT departments to monitor their end-user infrastructure in real time. This allows them to detect and address disruption and security incidents. The company employs 700 staff, compared with 350 at the time of its last funding round in 2018. The company generated more than $100m in annual recurring revenues in 2020.

People
Permira – Bruce Chizen (senior adviser).
Index Ventures – Neil Rimer (partner).
Nexthink – Pedro Bados (CEO, co-founder).

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• Topics
• Expansion
• DACH
• Technology
• Venture
• Switzerland
• Permira
• Index Ventures