Celigo, the next-generation integration platform as a service (iPaaS) provider for both IT and business users, today announced that the company raised $20 million in a Series B round to meet surging demand, expand product development, and fuel global expansion.
The funding round was led by NewSpring and joined by Blossom Street Ventures and current investor TVC Capital.
Celigo’s iPaaS solution allows people across a range of technical skill levels to easily connect applications together and drive business process automation.
The platform’s design, along with hundreds of pre-built application connectors and Integration Apps, allows users to quickly build, manage and handoff complex integrations at scale, requiring fewer IT resources and lowering total cost of ownership.
“Celigo has reimagined what integration should be,” said Jan Arendtsz, founder and CEO of Celigo. “With today’s proliferation of business applications, the older generation of iPaaS solutions has hit its limits. Celigo’s mission is to simplify the building and management of all integrations, without any compromise in capabilities, so that both IT and business users can work side-by-side to automate business processes. The balance between simplicity and complexity is difficult to achieve, and Celigo has found it in this new approach to iPaaS.”
Most of the integration platforms deployed today were built more than ten years ago to serve the needs of the first wave of SaaS adoption and were designed purely for IT users. With the proliferation of SaaS apps in companies of all sizes, this model does not scale, and the fast-growing iPaaS market is ripe for disruption.
How fintech accelerators are driving Innovation
Celigo integrator.io was born in the cloud and is the only iPaaS to combine a no-code, guided user experience for business users with advanced extensibility with complex business logic for development teams.
“As companies, both small and large, seek digital transformation to compete in the modern economy, they’re looking for integration solutions to automate business processes at scale and with quick time to value,” said Brian Kim, NewSpring Partner.
“We believe Celigo is well-positioned to capture greater iPaaS market share due to its unique simplicity and flexibility.”
“We are thrilled with Celigo’s progress to date and believe that this next round of funding will fuel our next level of growth,” said TVC Capital Managing Partner, Steve Hamerslag, who reinvested in this round.