LeanIX 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 US and fuel continued product innovation, comes amidst a period of record growth for LeanIX.
“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.”