Apax leads $177m investment in Signavio

The firm invested via its technology-focused growth equity vehicle, Apax Digital Fund, which makes minority and buyout investments of $30-150m.

According to TechCrunch, the round values the company at around $400m.

Deutsche Telekom Capital Partners also took part in the investment, while existing backer Summit Partners has retained an equity stake in the company. As part of the deal, Apax Digital managing partner Daniel O'Keefe and managing director Mark Beith will take seats on the Signavio board of directors.

Signavio will continue to invest in product development and pursue an international growth plan, with the business expanding its geographic presence from three countries to eight since Summit's initial investment four years ago. The company is currently in the process of launching offices in Japan and India and will increase its headcount by 50% by the end of 2019.

According to a statement, Signavio has increased its revenues by 70% over the course of the last 12 months.

Previous funding
Summit first invested in Signavio in 2015, via a €31m series-A round of funding. The firm then led a €15.5m series-B round for the company in March 2018.

Company
Founded in 2009 and headquartered in Berlin, Signavio is a provider of cloud-based software to facilitate the design, implementation and management of processes, decisions and workflows. Its clients include SAP, Deloitte, Liberty Mutual, Bosch, Comcast-NBCUniversal. The company has additional offices in the US, the UK, France, the Netherlands, Switzerland, Singapore and Australia.

People
Signavio – Gero Decker (CEO, co-founder).
Summit Partners – Matthias Allgaier (managing director).

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