Jedox, a Freiburg, Germany-based enterprise performance management company, received €20m in funding.
Backers included Iris Capital, eCAPITAL and Wecken & Cie.
The company intends to use the funds to accelerate global expansion and product development.
Founded in 2002 and led by Kay-Ingo Greve, CEO, Jedox provides a cloud-based self-service software Corporate Performance Management (CPM) platform for budgeting, planning and forecasting in combination with intuitive analyses and business intelligence dashboards.
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 add up to 2,300 companies, including some of the world’s largest firms based in 140 countries.