LeanIX Raises $80 Million Series D Funding Round Led by Goldman Sachs
Investment to fuel global growth, further develop its visionary software for Enterprise Architecture, and expand into the Cloud Native category
LeanIX announced that it has closed $80 million in Series D funding led by new investor Goldman Sachs Growth. Other investors are Insight Partners and DTCP who, along with Capnamic Ventures and Iris Capital, have participated in earlier rounds. The investment strengthens the role of LeanIX as a visionary provider of Software-as-a-Service for Enterprise Architecture (EA). The closing brings LeanIX’s total funding to over $120 million – an unprecedented record level in the EA field. LeanIX will use the investment to continue its successful international growth and to further develop its complementary solutions for cloud governance.
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LeanIX has experienced impressive growth since its founding in 2012 in Bonn, Germany: The company is currently working with 300 international customers and achieved 100% revenue growth in 2019. 39% of total sales are already generated in the US market; 57% in the European home market. In the last 12 months, the company has opened new offices in Hyderabad (India), Munich (Germany) and Utrecht (Netherlands), and now has over 230 employees worldwide.
Aligning business priorities with technology change
LeanIX was founded because technology change and business alignment are unsolved challenges in many organizations. Complex and outdated IT landscapes often hold enterprises back from becoming fully agile, maximizing their customer experience or accelerating their time to market. Manual data collections in spreadsheets and previous generations of cumbersome EA tools do not satisfy the customers’ needs.
André Christ, LeanIX CEO & Co-Founder, describes the new approach: “LeanIX is like Google Maps for a company’s IT landscape: We provide information in the appropriate context to determine the exact location and to plan the future journey in a way the business understands. Looking at future states of your architecture should be as simple as jumping to a point in time in your backup with a time machine.” The transparency provided by LeanIX is used by companies of all sizes across industries.
“Many well-known enterprises have successfully restarted their EA initiative with LeanIX,” said Christ. “Due to its high usability and seamless integrations with other data sources, fast-growing businesses like Atlassian, Dropbox, and Mimecast have also kick-started their EA practices.”
LeanIX has received the Gartner Peer Insights Customers’ Choice Distinction with Highest Overall Rating in the beginning of the year confirming the high value for customers.
Christian Resch, Managing Director, Goldman Sachs Growth, explained why lead investor Goldman Sachs Growth was convinced to invest: “LeanIX is a thought leader in Enterprise Architecture. We were impressed by the company’s revenue growth, the positive customer feedback and its visionary concept: LeanIX develops software solutions to reduce complexity in IT application landscapes. Importantly, LeanIX’s software helps companies with their transition to, and maintenance of, both the cloud and modern microservices architecture.” Alexander Lippert, Vice President at Goldman Sachs Growth, will join the board of directors.
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A secure and well-managed adoption of cloud computing and microservices architectures is an increasing priority for CIOs and CTOs. With the Series D funding, LeanIX will further develop this business segment at an accelerated pace over the next few years.
André Christ, LeanIX CEO & Co-Founder, says: “Our EA Suite already helps CIOs and their internal IT teams assess IT application portfolios for rationalization opportunities and cloud-readiness. With our Cloud Native Suite, companies can automatically discover used cloud services across major platforms such as Amazon Web Services, Microsoft Azure or Google Cloud as well as capture data about microservices. Put inside the right business context, these insights can now be leveraged by the CTO, product- and operations teams. Some customers already call us the next generation CMDB for the cloud.”
Christ is convinced that LeanIX can become a larger technology company with relevance to even more businesses worldwide. LeanIX has the vision to create better workplaces where employees become more engaged as a result of having information within understandable context and knowing that decisions are being made based on facts. The investment by Goldman Sachs Growth and existing investors is proof of this strategy’s value and a major step towards this goal.
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