Press Release: Digibee Receives $60 Million Series B Funding to Continue Focusing on Growth and Expansion in the US and on Further Success in Latin America
Digibee, an integration platform as a service (iPaaS) company that helps organizations build flexible, highly scalable integration architecture, today announced it received $60 million in Series B funding. The Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs) is the lead investor in the Series B round, which also includes Leadwind, a growth fund at K Fund, a leading venture capital firm in Southern Europe, Vivo Ventures, the corporate venture capital (CVC) arm of Brazilian telco Vivo, Kinea and G2D, two of Latin America’s largest private equity investment firms.
The Series B round follows a $25 million Series A round led by Softbank Latin America Fund (later renamed to Upload Ventures) and announced in February 2022 and a $6 million seed investment in February 2019.
“We believe the enterprise integration platform market is one of the most promising globally. This partnership announcement with Digibee reinforces the commitment of our Growth Equity business in Latin America and the United States,” said Hillel Moerman, a Managing Director at Goldman Sachs.
“The solution developed by Digibee has been supporting large clients in relevant sectors, such as retail and banking. With the investment, the company will aim to expand market share in Latin America and the United States,” said Natan Reinig, a Vice President at Goldman Sachs.
Digibee will use the Series B funding for product enhancements, expansion of go-to-market initiatives, customer support in the U.S. and for support of its ongoing success in Latin America. The Series B round will help Digibee advance its mission of revolutionizing the way IT delivers business value with modern integration technology.
“Digibee is delighted to receive this investment to help expand our steady growth and market share in the United States, and to help all of our global customers accelerate business outcomes by reducing technical debt and showstoppers associated with integration requirements,” said Digibee CEO Rodrigo Bernardinelli. “The funds will help Digibee and our growing customer base redefine integration as a task that many can perform rather than a job that requires advanced and highly limited skills to perform. The benefit for our customers will be ever-increasing ability and agility to support innovation and digital transformation with rapid and facile integration.”
Photo courtesy of Xresch.
Source: Business WIre (link opens in a new window)
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