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- LeanIX
LeanIX Acquisition, Valuation, Funding & Investors
LeanIX was acquired by SAP for $1.2B in September 2023, a 12.0x multiple on $100M of revenue.
LeanIX revenue at acquisition
$100M
Last twelve months · Sep 2023
LeanIX revenue multiple at acquisition
12.0x
EV/Revenue · Sep 2023
Cumulative funding LeanIX raised
$120M
across 4 funding rounds
About LeanIX
LeanIX is a Berlin-headquartered SaaS provider of enterprise architecture management software. Organizations model their IT landscapes, including applications, technologies, and business capabilities, to support cloud migrations and digital transformations. Clients such as Bosch, SAP, and Deutsche Telekom rely on its tools for fact-based IT portfolio decisions and stakeholder collaboration. LeanIX integrates with Jira, ServiceNow, and cloud providers. Established in 2012, the company serves over 1,000 enterprises across Europe and North America.
Founded
2012
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Revenue
$100M (Sep 2023)
Valuation
$1.2B (acquired Sep 2023)
LeanIX Acquisition
LeanIX was acquired by SAP for $1.2B on 7 September 2023.
The acquisition price implies a 12.0x revenue multiple on $100M of revenue.
Before the acquisition LeanIX had raised $120M across 4 funding rounds.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 7 Sep 2023 | Strategic M&A | $1.2B | 12.0x |
LeanIX Funding History
LeanIX has raised a total of $120M across 4 funding rounds.
LeanIX's first fundraising round was a $2M Series A in March 2015. The most recent completed round was a $80M Series D in July 2020.
LeanIX funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2020 | Series D | Goldman Sachs Growth Equity (lead); Capnamic; IRIS; DTCP; Insight Partners | $80M | LeanIX, an enterprise architecture software-as-a-service provider based in Bonn, Germany, raised $80 million in its Series D funding round on July 8, 2020, led by Goldman Sachs Growth Equity, with participation from Insight Partners, DTCP, Capnamic Ventures, and Iris Capital. This brought total funding to over $120 million, an unprecedented amount in the EA field at the time. The funds were earmarked for international growth, including new offices in Hyderabad, Munich, and Utrecht, and developing cloud governance solutions. The company had grown to 230 employees from 80 in prior years and served 300 international customers, with 39% of sales from the US and 57% from Europe. Goldman Sachs Growth highlighted LeanIX's strong revenue growth and visionary approach to reducing IT complexity for cloud and microservices transitions, with positive customer feedback from enterprises like Atlassian, Dropbox, and Mimecast. LeanIX had earned the Gartner Peer Insights Customers’ Choice with the highest overall rating earlier that year. CEO André Christ emphasized its usability and integrations for restarting EA initiatives in well-known enterprises and fast-growing businesses. Later developments included SAP's acquisition of LeanIX in 2023 for a reported $1.2 billion, with revenue approaching €100 million that year and 600 employees, but these metrics post-date the 2020 round. |
| Dec 2018 | Series C | Insight Partners (lead); Capnamic; IRIS; DTCP | $30M | LeanIX is a Software-as-a-Service provider for enterprise architecture management, helping organizations reduce IT complexity, ensure compliance, and enable business growth through use cases like application rationalization, technology risk management, and cloud transformation. The company serves major brands including Adidas, DHL, Merck, and Santander, with partnerships such as Deloitte, ServiceNow, and PwC. Founded in 2012 by André Christ and Jörg Beyer in Bonn, Germany, LeanIX positions itself as a next-generation EA tool accessible beyond IT experts, promoting transparency and collaboration. On December 6, 2018, LeanIX closed a $30 million Series C funding round led by Insight Partners, with participation from Capnamic, DTCP, and IRIS, aimed at accelerating U.S. growth and product innovation. This followed a year of strong performance, including doubling the global customer base, launching Boston operations, expanding headcount with senior executives, achieving ServiceNow certification, launching the LeanIX Store for extensible apps, and ranking 10th on Deloitte's 2018 Technology Fast 50 in Germany. LeanIX demonstrated robust traction with over 100% global growth into 2019, U.S. operations contributing over 25% of revenue by early 2019, and recognition as a Strong Performer in Forrester's Q1 2019 Enterprise Architecture Management Suites Wave. The company continued scaling, participating in later rounds like an $80M Series D in 2020 led by Insight Partners, before acquisition in September 2023. |
| Jul 2017 | Series B | DTCP (lead); Capnamic; IRIS | $8M | LeanIX, a Germany-based provider of Software-as-a-Service for Enterprise Architecture management, raised $7.5 million in its Series B funding round on July 18, 2017. The round was led by DTCP (Deutsche Telekom Capital Partners), with participation from existing investors Capnamic Ventures and Iris Capital. The funds were allocated for US market expansion and further product development, building on their prior $2.4 million Series A investment in 2015. LeanIX's software enables enterprises to map legacy software and SaaS applications, supporting corporate governance, risk identification for outdated products, and digital transformation through modern IT frameworks like microservices. The company targeted the growing enterprise architecture market valued at over $2 billion globally. DTCP highlighted LeanIX's pioneering role in next-generation EA management. Capnamic Ventures noted LeanIX's outstanding development since their initial investment, emphasizing the product's new standards and market potential in EA. This Series B followed the Series A and preceded later rounds, including a $30 million Series C in 2018 and $80 million Series D in 2020, bringing total funding to over $120 million. |
| Mar 2015 | Series A | Capnamic (lead); IRIS | $2M | - |
Who has invested in LeanIX?
5 investors have backed LeanIX across its funding rounds, including Capnamic, IRIS, DTCP, Insight Partners and Goldman Sachs Growth Equity.
Lead investors include Goldman Sachs Growth Equity, Insight Partners, DTCP and Capnamic.
LeanIX Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Mar 2015 | ||
| 4 | Participant | Mar 2015 | ||
| 3 | Lead | Jul 2017 | ||
This data is available for Pro users. Sign up to see all 5 LeanIX investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by LeanIX
LeanIX has acquired 1 company to date.
Last acquisition by LeanIX was on March 24th 2021. LeanIX acquired Cleanshelf for undisclosed valuation.
Latest Acquisitions by LeanIX
| Description | Cleanshelf is a San Mateo-headquartered SaaS management platform that tracks over 10,000 applications across enterprises to optimize spending. The tool automates discovery of shadow IT, license audits, and vendor benchmarking, recovering 30 percent average savings for clients including Drawbridge and Qumulo. Cleanshelf processes billions in annual SaaS transactions using AI-driven normalization of billing data. Founded in 2016, it integrates with Okta, Slack, and ServiceNow for Fortune 500 deployments. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 24 Mar 2021 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all LeanIX acquisitions and their M&A valuation multiples. Start Free Trial | |
Investments by LeanIX
LeanIX has invested in 1 company to date.
Latest investment by LeanIX was on September 25th 2025. LeanIX invested in yasp in their $5M Seed round.
Latest Investments by LeanIX
| Description | Yasp is a platform that deploys AI tools for businesses navigating digital transformation. Headquartered in its operational base, it simplifies complex AI functionalities into actionable applications for sectors requiring advanced analytics and automation. |
| HQ Country | |
| HQ City | Munich |
| Deal Date | 25 Sep 2025 |
| Round | Seed |
| Raised | $5M |
| Investors | Capnamic; Staffbase; MBG Baden Wuerttemberg; Start-up BW Innovation Fonds |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all LeanIX investments and their VC round multiples. Start Free Trial | |
LeanIX Competitors
LeanIX competitors include listed companies like Intapp and CS Disco, and private ones like CarDekho, Enter, Torq and Teamworks.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $299M | - | $1.2B | 4.0x | ||
| Private | $10M | - | $1.2B | 120.0x | ||
| Private | $24M | - | $1.2B | - | ||
| Private | - | - | $1.2B | - | ||
| Publicly listed | $578M | ($16M) | $2.8B | 4.5x | ||
| Publicly listed | $157M | ($44M) | $273M | 1.0x |
LeanIX Public Comps
LeanIX is no longer listed, but its public comps include RWS Holdings, CS Disco, Hibino, Xp Industrial FII, GetBusy, Valtes Holdings, Dye & Durham, Intellinetics, Intapp and Topicus.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $927M | ($26M) | 0.7x | 0.7x | (27.2x) | 4.8x | |||
| $157M | ($44M) | 1.1x | 1.0x | (4.0x) | (22.1x) | |||
| $435M | $60M | 0.6x | 0.6x | 4.3x | - | |||
| $9M | - | 10.0x | - | - | - | |||
| $30M | $2M | 2.1x | 2.0x | 35.2x | 32.5x | |||
| $77M | $6M | 0.6x | 0.6x | 7.4x | - | |||
| $316M | $116M | 3.0x | 3.3x | 8.2x | 7.1x | |||
| $17M | ($470K) | 1.4x | 1.4x | (50.9x) | - | |||
This data is available for Pro users. Sign up to see all LeanIX competitors and their valuation data. Start Free Trial | ||||||||
Common questions about LeanIX
| When was LeanIX founded? | LeanIX was founded in 2012. |
| Where is LeanIX headquartered? | LeanIX is headquartered in Bonn, Germany. |
| Is LeanIX publicly listed? | No, LeanIX was acquired by SAP in September 2023. |
| Who acquired LeanIX? | LeanIX was acquired by SAP in September 2023. |
| How much was LeanIX acquired for? | LeanIX was acquired for $1.2B in September 2023, a 12.0x revenue multiple. |
| How much funding has LeanIX raised? | LeanIX has raised $120M across 4 funding rounds. |
| What was LeanIX's last funding round? | LeanIX's last funding round was a $80M Series D in July 2020, led by Goldman Sachs Growth Equity. |
| Who are LeanIX's investors? | LeanIX's investors include Capnamic, IRIS, DTCP, Insight Partners and Goldman Sachs Growth Equity. |
| Which companies are comparable to LeanIX? | Companies comparable to LeanIX include CarDekho, Enter, Torq, Teamworks, Intapp and CS Disco. |
| How many companies has LeanIX acquired? | LeanIX has acquired 1 company, including Cleanshelf. |
| How many companies has LeanIX invested in? | LeanIX has invested in 1 company, including yasp. |
| What was LeanIX's last investment? | In September 2025, LeanIX invested in yasp's $5M seed round alongside Capnamic, Staffbase, MBG Baden Wuerttemberg and 1 other investor. |
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