LeanIX, the enterprise architecture software company founded out of Bonn, Germany, has closed $80 million in Series D funding. The round is led by new investor Goldman Sachs Growth. Previous investors Insight Partners and DTCP followed on.
The Series D brings LeanIX’s total funding to more than $120 million. The company says it will use the investment to continue international growth and to further develop its complementary solutions for cloud governance. In the last 12 months, LeanIX has opened new offices in Hyderabad (India), Munich (Germany) and Utrecht (Netherlands), and now has 230 employees worldwide (up from 80 when we last covered the company).
Founded in 2012, LeanIX operates in the enterprise architecture space and its SaaS might well be described as a “Google Maps for IT architectures.” The software lets enterprises map out all of the legacy software or modern SaaS that the organisation is run on. This includes creating meta data on things like what business process it is used for or capable of supporting, what tech powers it, which teams are using or have access to it, as well as how the different architecture fits together.
The idea is that enterprises not only have a better handle on all of the software from different vendors they are buying in, including how that differs or might be better utilised across distributed teams, but can also act in a more nimble way in terms of how they adopt new solutions or decommission legacy ones.
“Many well-known enterprises have successfully restarted their EA initiative with LeanIX,” says André Christ, LeanIX CEO and co-founder (pictured). “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.”
To that end, LeanIX says it is currently working with 300 international customers and achieved 100% revenue growth in 2019. Specifically, 39% of total sales are generated in the U.S. market, and 57% in its home market of Europe.
Comments Christian Resch, managing director of Goldman Sachs Growth, in a statement: “LeanIX is a thought leader in Enterprise Architecture. We were impressed by its strong revenue growth, the positive customer feedback and the company’s 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 LeanIX’s board of directors.