Jedox announced $100+ Million backing in a round led by Insight Partners.

Jedox, a Freiburg, Germany-based developer of a Enterprise Performance Management solutions for Financial Planning and Analysis (FP&A), announced signing off a $100+ million financial transaction.

Part of the transaction volume will be allocated to secondary deals. The exact amounts or other details were not disclosed.

The capital raise component was provided mainly by Insight Partners, and included contributions from existing investors eCAPITAL, Iris Capital and Wecken & Cie.

The funding will be used to scale the Jedox product innovation team, increase investment in customer success, and continue to support clients across all major geographies.

Jedox, founded in 2002 and led by CEO Florian Winterstein, provides the most advanced cloud-based tools for budgeting, planning, and analysis through a familiar Microsoft Excel-based interface. Jedox’ enterprise-grade FP&A tools are purpose-built to accelerate time-to-value for finance leaders. From transitioning existing financial processes to the cloud to leveraging AI and advanced analytics for more accurate, agile planning, Jedox helps leading companies streamline planning processes across all stages of growth. Jedox has over 2,500 customers globally, including Amazon, McDonald’s Schweiz, and ABB.

Jedox previously raised €20M in 2018.