Jedox receives $ 20 million from Iris Capital and existing owners eCAPITAL and Wecken & Cie.
The consortium consisting of Iris Capital and the shareholders eCAPITAL and Wecken & Cie. invests $20 million in CPM provider Jedox. The deal was announced on April 10 and dovetails Iris Capital to the co-entrepreneurship of Jedox.
The technology company was founded in Freiburg in 2008 and presently employs more than 160 people at eight subsidiaries in Germany, France, the USA, Australia and Singapore. With the new investment capital, the management wishes to continue Jedox’ global growth strategy and empower the further development of their products.
Jedox provides their approximately 2,300 customers with a CPM solution that strives to make planning and budgeting tasks feasibly for all users in the specialist departments and in the management. The software available on-premise and in the cloud is therefore able to create a company-wide uniform database while significantly increasing productivity.
Curt Gunsheimer, Senior Partner at Iris Capital, commented, ‘Jedox is a thrilling company that helps automate complex business processes without disrupting employees’ workflows. That’s what we at Iris Capital believe in: Disruptive technologies need to be user-friendly. Jedox has built its success on this premise. The company has achieved an impressive international development over the past ten years and we now want to give it an additional boost.‘ Paul-Josef Patt, CEO of eCAPITAL entrepreneurial Partners AG and negotiator for the existing investors, added: ‘The company has increased its total billings by 50% in 2016 and tripled its cloud business in 2017 – we are curious what 2018 will hold for us.’