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June 7, 2023
Goldman Sachs led the round, bringing Digibee’s total investment to over $90 million.
WESTON, Fla. — June 7, 2023 — Digibee, an integration platform as a service (iPaaS) company that helps organizations build flexible and highly scalable integration architectures, today announced it has received $60 million in Series B funding. The Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs) is the investor in the Series B round, which also includes Leadwind, a growth fund from K Fund, one of the leading venture capital firms in Southern Europe, Vivo Ventures, the corporate venture capital (CVC) arm of Brazilian telecom operator Vivo, Kinea and G2D, two of the largest private equity investment firms in Latin America.
The Series B round follows a $25 million Series A round led by Softbank Latin America Fund (later renamed Upload Ventures) and announced in February 2022, and an investment of just US$6 million in February 2019.
“We believe the market for enterprise integration platforms is one of the most promising globally. This partnership announcement with Digibee reinforces our equity business’ commitment to growth in Latin America and the United States,” said Hillel Moerman, Chief Executive Officer at Goldman Sachs.
“The solution developed by Digibee has supported large clients in relevant sectors, such as retail and banking. With the investment, the company will seek to expand its market share in Latin America and the United States,”said Natan Reinig, 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 to support its continued success in Latin America. The Series B round helps Digibee advance its mission to revolutionize the way IT delivers business value with modern integration technology.
“Digibee is thrilled to receive this investment to help expand our continued growth and market share in the United States, and to help all of our customers globally accelerate business outcomes, overcome technical debt and the hurdles associated with integration requirements,” said Digibee CEO Rodrigo Bernardinelli.The funding helps Digibee and our growing customer base redefine integration as a task that many do, rather than a job that requires advanced and highly limited skills to perform. The benefit to our customers will be increased capacity and agility to support innovation and digital transformation with fast and easy integration."
The funding helps Digibee and our growing customer base redefine integration as a task that many can accomplish, rather than a job that requires advanced and highly limited skills to execute. The benefit to our customers will be increased capacity and agility to support innovation and digital transformation with fast and easy integration.
Rodrigo Bernardinelli, CEO of Digibee
About a Digibee
The Digibee integration platform enables businesses to compete and excel in today’s rapidly changing digital environment. The technology is cloud-native, low-code, fully recyclable and discoverable — connecting applications, processes and people for faster time to market without a large investment. Digibee is the iPaaS solution of choice for over 250 enterprise customers including Assai B3 Barkley Bauducco, GoPro, Oobe, Payless and others. For more information, visit Digibee.com.
About Goldman Sachs Growth Equity in Asset Management
Combining traditional and alternative investments, Goldman Sachs Asset Management offers clients around the world a dedicated partnership and focus on long-term performance. As the leading investment practice within Goldman Sachs (NYSE: GS), we provide investment and advisory services to the world’s leading institutions, financial advisors and individuals, drawing on our deeply invested global network and tailored expert insights across all regions and markets — overseeing more than $2,5 trillion of investments under supervision worldwide as of December 31, 2022. Driven by a passion for client performance, we seek to build long-term relationships based on protection, secure outcomes and shared success over time. Goldman Sachs Asset Management invests across the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure. Since 2003, the Growth Equity business within Goldman Sachs Asset Management, comprised of more than 75 people, has invested more than $16 billion in companies led by visionary founders and CEOs. We focus exclusively on investments in growth-stage, technology-driven companies, spanning technology across multiple sectors, including enterprise technology, financial technology, consumer technology, and healthcare. Follow us no LinkedIn.
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