LeanIX Raises $30 Million in Series C Funding Round to Fuel U.S. Expansion

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Led by Insight Venture Partners, funding to accelerate global growth
and product innovation

BONN, Germany–(BUSINESS WIRE)–LeanIX,
the leading provider of Software-as-a-Service solutions in Enterprise
Architecture (EA) Management, today announced that it has closed $30
million in Series C funding, led by Insight Venture Partners. Previous
investors DTCP (Deutsche Telekom Capital Partners), Capnamic Ventures,
and Iris Capital also participated in the round. The closing brings
LeanIX’s total funding to nearly $40 million since its founding in 2012.
Insight Venture Partners Principal, Teddie Wardi, will join the LeanIX
board of directors.

The investment, which will be used to accelerate growth in the U.S. and
fuel continued product innovation, comes amidst a period of record
growth for LeanIX. Founded in 2012 by André Christ and Jörg Beyer, the
company quickly solidified its position as the next-generation EA
management solution not just limited to IT architecture experts but
enabling IT transparency and collaboration across the business. In 2018,
LeanIX achieved several major milestones, including doubling its global
customer base, expanding operations in Boston, and growing its global
headcount with the appointment of several senior-level executives. This
year the company continued to set new standards: as the first EA tool
with a certified integration with ServiceNow, it eliminates data silos
and automates data capturing. The new LeanIX Store turns the application
into an extensible platform in which customers and partners can build
and distribute best practice apps such as reports. Most recently, LeanIX
was recognized as the 10th fastest-growing company in Germany on the Deloitte
2018 Technology Fast 50
list.

“Today’s enterprises face data overload, overwhelmed by archaic IT
landscapes that cripple productivity and business opportunity.
Organizations need clear, actionable insights, and more than ever,
enterprises are opting for IT modernization and demanding innovative EA
tools,” said André Christ, CEO, and co-founder of LeanIX. “Together with
our investors, we aim to become the category leader for EA in modern
technology business management. While Agile, DevOps and Cloud are
becoming mainstream in enterprises, we provide the best technology for a
successful adoption and continuous management.”

“For businesses today, effective enterprise architecture management is
critical for driving digital transformation, and requires robust tools
that enable collaboration and agility,” said Teddie Wardi, Principal at
Insight Venture Partners. “LeanIX is a pioneer in the space of
next-generation EA tools, achieved staggering growth over the last year,
and is the trusted partner for some of today’s largest and most complex
organizations. We look forward to supporting its continued growth and
success as one of the world’s leading software solutions for the
modernization of IT architectures.”

Today, LeanIX helps organizations efficiently manage and optimize their
Enterprise Architecture, providing a Software-as-a-Service to reduce IT
complexity, ensuring IT compliance and enabling business growth. Use
cases include application rationalization, technology risk management
and cloud transformation which the company offers to some of today’s
most respected brands including Adidas, DHL, Merck, and Santander, with
strategic partnerships with Deloitte, ServiceNow, and PwC, among others.

To learn more about LeanIX, please visit www.leanix.net.

About LeanIX

LeanIX offers a Software-as-a-Service (SaaS) application for Enterprise
Architecture (EA), which enables organizations to make faster,
data-driven decisions. Hundreds of global brands such as Adidas, DHL,
Merck, Vodafone, and Zalando use the LeanIX software to increase
transparency, visibility and drive real-time efficiencies. LeanIX
addresses IT’s critical need to ensure high-quality, real-time data is
accessible to the people who need it. Use cases include application
rationalization, technology risk management, and the shift from
monolithic architectures to microservices. LeanIX was founded in 2012 by
Jörg Beyer and André Christ. The company is headquartered in Bonn,
Germany, with offices in Boston, Massachusetts and Houston, Texas. To
learn more about LeanIX, visit www.leanix.net
or @leanix_net
on Twitter.

About Insight Venture Partners

Insight Venture Partners is a leading global venture capital and private
equity firm investing in high-growth technology and software companies
that are driving transformative change in their industries. Founded in
1995, Insight currently has over $20 billion of assets under management
and has cumulatively invested in more than 300 companies worldwide. Our
mission is to find, fund, and work successfully with visionary
executives, providing them with practical, hands-on growth expertise to
foster long-term success. Across our people and our portfolio, we
encourage a culture around a core belief: growth equals opportunity. For
more information on Insight and all its investments, visit www.insightpartners.com
or follow us on Twitter @insightpartners.

About DTCP

DTCP is an investment management group with c. $1.6 billion assets under
management and advisory from Deutsche Telekom and other institutional
investors, and a portfolio of over 60 companies. The group provides
venture and growth capital, special situation investments, and advisory
services to the technology, media and telecommunication sectors. It
operates and invests in Europe, the US and Israel. To learn more about
DTCP, visit https://www.telekom-capital.com
or @TelekomCapital
on Twitter.

About Capnamic Ventures

Capnamic Ventures is a venture capital firm from Berlin/Cologne doing
early-stage investments in outstanding teams in
Germany/Austria/Switzerland. The team’s expertise includes 70+
investments, 30+ successful trade sales, and 13+ IPOs as well as broad
professional experience across various industries and functions.
Capnamic unites institutional and corporate investors thus offering its
portfolio companies a unique network of sparring partners and customers.
The firm’s general partners are Jörg Binnenbrücker, Olaf Jacobi, and
Christian Siegele. To learn more about our team and the founders we work
with, visit www.capnamic.com
or follow us on Twitter @Capnamic.

About Iris Capital

Iris Capital is a European venture capital funds’ manager specialized in
the digital economy. It fuels entrepreneurs at various stages of
maturity, from early-stage to growth equity. With its deep sector
specialization and extensive experience acquired over 30+ years, as well
as the backing of its corporate sponsors, Iris Capital provides active
support to its portfolio companies, through its presence in Paris,
Berlin, San Francisco, Tel Aviv, Tokyo, and Dubai.

IrisNext, Iris Capital’s new fund, is sponsored by industry leaders and
investors such as Orange, Publicis, Valeo, Bpifrance and BRED Banque
Populaire. Iris Capital investments include, among others, companies
such as Adjust, Braincube, Careem, Exotec Solutions, Happy Car, Jedox,
Kyriba, Open-Xchange, Mojio, Netatmo, reBuy, Scality, Searchmetrics,
Shift Technology, Studitemps, Talend and unu motors.

For more information, visit www.iriscapital.com.

Contacts

Sonia Segal-Smith
Kickstand Communications
leanix@meetkickstand.com
(857)
263-3392

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