Signavio Acquisition, Valuation, Funding & Investors
Signavio was acquired by SAP for $1.1B in January 2021, a 21.6x multiple on $53M of revenue.
Signavio revenue at acquisition
$53M
Last twelve months · Jan 2021
Signavio revenue multiple at acquisition
21.6x
EV/Revenue · Jan 2021
Cumulative funding Signavio raised
$230M
across 3 funding rounds
About Signavio
Signavio is a Berlin-based business process management software provider now integrated within SAP. The Business Transformation Suite features process modeling, collaboration tools, and Process Intelligence for analyzing operations across enterprises. Signavio supports over 1,000 organizations worldwide in optimizing workflows, compliance, and digital transformation projects with cloud deployment.
Founded
2009
HQ
BerlinWebsite
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Revenue
$53M (Jan 2021)
Valuation
$400M (Jul 2019)
Signavio Acquisition
Signavio was acquired by SAP for $1.1B on 27 January 2021.
The acquisition price implies a 21.6x revenue multiple on $53M of revenue.
Before the acquisition Signavio had raised $230M across 3 funding rounds.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 27 Jan 2021 | Strategic M&A | $1.1B | 21.6x |
Signavio Valuation
Signavio is currently valued at $400M, based on its Series C in July 2019.
The $177M round was led by Apax Digital, with participation from DTCP.
Signavio valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2019 | Series C | $400M |
Signavio Funding History
Signavio has raised a total of $230M across 3 funding rounds.
Signavio's first fundraising round was a $34M Series A in December 2015. The most recent completed round was a $177M Series C in July 2019.
Signavio funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2019 | Series C | Apax Digital (lead); DTCP | $177M | $400M | Signavio, a Berlin-based provider of business transformation solutions including a cloud-native Process Transformation Suite, raised $177 million in growth equity funding on July 11, 2019, led by Apax Digital with participation from DTCP, while existing investor Summit Partners retained a stake. The investment aimed to accelerate international expansion, including new operations in Japan and India, grow the employee base by over 50% that year, and further develop its software suite used by over 1,300 customers and one million users across industries like banking, insurance, retail, manufacturing, and public sector. The suite enables mining, modeling, monitoring, managing, and maintaining business processes to support digital transformation, operational excellence, and customer centricity, with clients including SAP, Deloitte, Liberty Mutual, Bosch, and Comcast-NBCUniversal. The company operated nine offices worldwide at the time and had been recognized as a March 2019 Gartner Peer Insights Customers’ Choice for Enterprise Business Process Analysis Software. Apax Digital managing partners Daniel O’Keefe and Mark Beith joined the Signavio board post-investment, praising the company's intelligent tools for enabling process digitization and automation amid increasingly complex global business processes. The transaction was expected to close later in 2019 subject to regulatory approvals. |
| Mar 2018 | Series B | Summit Partners (lead) | $19M | - | Signavio, a Germany-based provider of cloud-based process modeling and management systems, closed a €15.5 million Series B funding round on March 19, 2018, led by Summit Partners. The funding aimed to expand its international presence, building on growth from 75 to 230 staff and three to eight office locations. The company's Business Transformation Suite offers tools for process modeling, analysis, optimization, and process mining, serving industries like banking, insurance, manufacturing, retail, and utilities with real-time data insights for business strategy. Signavio demonstrated strong traction prior to the round, achieving 90% growth in 2017 and maintaining a customer churn rate below 2%, which impressed investors. Summit Partners highlighted the company's dynamic growth and positive customer feedback in the SaaS space. At the time, Signavio served hundreds of corporations worldwide, focusing on collaborative process design and actionable insights from transaction data. This 2018 round followed an earlier €31 million investment from Summit Partners, noted as the completion of a prior growth equity investment, positioning Signavio for further product innovation and sales expansion in Europe, North America, and Asia. Subsequent developments included a $177 million investment in July 2019 led by Apax Digital, with Summit Partners retaining a stake, at which point Signavio reported over 70% revenue growth in the prior twelve months, more than 1,300 customers, and over one million users. Signavio was later acquired by SAP in January 2021. |
| Dec 2015 | Series A | Summit Partners (lead) | $34M | - | Signavio GmbH, a Berlin-based provider of SaaS-based business process and decision management technology, completed a €31 million minority growth equity investment from Summit Partners on December 17, 2015. This marked Summit's third European software investment that year, following Darktrace and RELEX. The funding aimed to expand Signavio's international footprint across Europe, North America, and Asia while sustaining its strong growth trajectory. Signavio's offerings include collaborative process design, process mining, and end-to-end solutions leveraging open standards architecture to deliver actionable insights from transaction data for industries like banking and manufacturing. Summit Partners praised Signavio's leadership under CEO Gero Decker for distinguishing the company in next-generation business process management with its SaaS model. The investment highlighted Signavio's potential as a market leader, with Summit noting its history of backing high-growth tech firms like Uber and WebEx. Signavio continued growing post-2015, achieving 90% growth in 2017 and raising a €15.5 million Series B also led by Summit Partners. By 2019, it secured a $177 million round led by Apax Digital with Summit retaining a stake, before SAP acquired the company from its investor consortium, where Summit held about 8.1%. |
Who has invested in Signavio?
3 investors have backed Signavio across its funding rounds, including Summit Partners, DTCP and Apax Digital.
Lead investors include Apax Digital and Summit Partners.
Signavio Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 Boston, MA | 2 | Lead | Dec 2015 | |
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Start Free TrialSignavio Competitors
Signavio competitors include listed companies like Intapp and CS Disco, and private ones like DevRev, Genius AI, Housecall Pro and CarDekho.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | - | - | $1.1B | - | |
| New York City, NY | Private | - | - | $1.1B | - | |
| Denver, CO | Private | - | - | $1.1B | - | |
 Gurgaon | Private | $299M | - | $1.2B | 4.0x | |
| United States | Publicly listed | $578M | ($16M) | $2.8B | 4.5x | |
| United States | Publicly listed | $157M | ($44M) | $273M | 1.0x |
Signavio Public Comps
Signavio 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) | - | |||
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Common questions about Signavio
| When was Signavio founded? | Signavio was founded in 2009. |
| Where is Signavio headquartered? | Signavio is headquartered in Berlin, Germany. |
| Is Signavio publicly listed? | No, Signavio was acquired by SAP in January 2021. |
| Who acquired Signavio? | Signavio was acquired by SAP in January 2021. |
| How much was Signavio acquired for? | Signavio was acquired for $1.1B in January 2021, a 21.6x revenue multiple. |
| What is Signavio's valuation? | Signavio was last valued at $400M in its Series C in July 2019. |
| How much funding has Signavio raised? | Signavio has raised $230M across 3 funding rounds. |
| What was Signavio's last funding round? | Signavio's last funding round was a $177M Series C in July 2019, led by Apax Digital. |
| Who are Signavio's investors? | Signavio's investors include Summit Partners, DTCP and Apax Digital. |
| Which companies are comparable to Signavio? | Companies comparable to Signavio include DevRev, Genius AI, Housecall Pro, CarDekho, Intapp and CS Disco. |
See companies similar to Signavio
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