It was announced today that Iris Capital, one of the leading European venture capital companies, is investing in Jedox, a world-class CPM software solution that helps enterprises with their digital transformation. Iris Capital will invest along with eCAPITAL and Wecken & Cie. a total of 20 million Euros. This funding will be used to accelerate Jedox’s global expansion, product development.
Jedox offers self-service software for Corporate Performance Management (CPM). Relying on its cloud-based platform and unique architecture, it supports its users with seamless solutions for budgeting, planning and forecasting in combination with intuitive analyses and business intelligence dashboards.
The tech company was founded 2002 in Freiburg, Germany. Today, the company employs over 160 people to support customers out of 8 offices in Germany (Freiburg, Frankfurt, and Düsseldorf), the USA (Boston), France (Paris), Australia (Sydney, Melbourne) and Asia (Singapore). Clients of Jedox’s CPM platform add up to 2,300 companies, including some of the world’s largest firms based in 140 countries.
“Jedox’s vision to make Enterprise Performance Management seamless shows our commitment to bring the promise of integrated planning, budgeting, and forecasting to life,” says Kay-Ingo Greve, Jedox CEO. “Today, most companies are slowed down in execution because planning and budgeting is such an ambiguous process. Jedox helps enterprises to radically improve productivity and reduce planning cycles from months to weeks. With the support of Iris Capital and our core investors, we can further accelerate the international growth of Jedox – driven by the most modern in-memory, GPU-powered modelling platform while embracing and not replacing the existing IT infrastructure,” Greve adds.
“Jedox is an amazing company that helps to radically automate complex corporate processes without disrupting employees’ work interfaces,” says Curt Gunsenheimer, Senior Partner at Iris Capital. “We at Iris Capital, believe that disruptive technology must be made intuitive for the end users, and Jedox has built its success on that premise. The company has achieved impressive international development over the past ten years, and we’re happy to support its next stage of growth.”