Kyriba scoops $45 million in funding round
27 September 2017 | 2807 views | 0
Kyriba, the #1 provider of cloud treasury and financial management solutions, today announced that Sumeru Equity Partners (SEP) has led its $45 million (USD) equity financing round, alongside existing investors Bpifrance, Iris Capital, Daher Capital and HSBC (NYSE: HSBC).
“SEP’s expertise in fast-growth SaaS solution providers, and their impressive track record for investing in successful technology market leaders, makes them the perfect strategic partner for Kyriba,” said Jean-Luc Robert, Chairman and CEO of Kyriba. “We are seeing strong global demand for modernizing treasury and financial operations, and are thrilled to receive the support of SEP and our existing strategic partners to help accelerate our growth.”
SEP is a technology-focused private equity firm that invests in market leading, growth-oriented technology companies. Kyriba represents another SEP investment in a prominent SaaS vendor, and the partnership will help Kyriba increase its funding for product development, customer support, and sales and marketing.
“Kyriba is the clear market leader in cloud-based treasury and financial management. Their platform delivers competitive advantages that enable forward-thinking CFOs and senior financial leaders to exceed their business objectives on a global scale,” said Kyle Ryland, Managing Partner at SEP. “Our team is excited about supporting Kyriba’s growth trajectory in this dynamic market space.”
As a part of the investment, Kyle Ryland will join the Kyriba Board of Directors.