Signavio, a Berlin, Germany based SaaS business transformation suite provider, received a €15.5m in Series B funding.
The round was led by global growth equity investor Summit Partners.
The company will use the funds to expand its international presence.
Led by Gero Decker, CEO and co-founder, Signavio provides cloud-based process modeling and management systems and automated business process discovery, and process performance management solutions.
The company’s solutions have over 1 million users in over 1,000 companies worldwide.