Jedox secures €20M from Iris Capital and eCAPITAL and Wecken & Cie.

Jedox, a Freiburg, Germany-based SAAS developer of an enterprise performance management suite, announced securing a €20 million ($24.5M) funding round.

The money was raised from investors including Iris Capital, eCAPITAL and Wecken & Cie.

Proceeds will be used to accelerate global expansion and product development.

Jedox, founded in 2002 and led by CEO Kay-Ingo Greve, provides a cloud-based self-service software Corporate Performance Management (CPM) platform for budgeting, planning and forecasting in combination with intuitive analyses and business intelligence dashboards.

The company serves 2,300 companies, including some of the world’s largest firms based in 140 countries, and is backed by 160 people from 8 offices in Germany (Freiburg, Frankfurt, and Düsseldorf), the USA (Boston), France (Paris), Australia (Sydney, Melbourne) and Asia (Singapore).