Buckinghamshire-based Bizagi has raised $48m (£32.6m) in equity funding from Invus, a private equity firm.
The firm, founded in 1989, produces software for digital transformation and employs more than 360 people spread across offices in the UK, Spain, Germany, US and Columbia.
Bizagi claims to work with blue chip clients including Adidas, BAE Systems, IKEA and Old Mutual.
Gustavo Gomez, CEO and co-founder commented: “The market for digital transformation software is just reaching the inflection point we have been preparing for, and with a long-term investor like Invus we will further scale our software platform and grow in our key markets – the US and Europe.
The company was advised by GP Bullhound. “GP Bullhound’s advice throughout this journey was invaluable as they were able to manage a highly competitive process with international investors and ensure management had all the tools to make the right decision,” added Gomez.
Manish Madhvani, managing partner, and Claudio Alvarez, director at GP Bullhound, added: “An investor like Invus will allow Bizagi to strengthen its leadership position and capture the enormous market opportunity.”
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