IRIS announces complete exit from Kyriba in a $3B deal
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IRIS announces complete exit from Kyriba in a $3B deal
Bridgepoint to reinvest in Kyriba, alongside new minority investor, General Atlantic.
IRIS, the European venture and growth equity firm focused on funding technology platforms, announces its full exit from the capital of Kyriba following a reinvestment from Bridgepoint’s buyout fund alongside new investor General Atlantic. This represents a key milestone for the company and IRIS after over 10 years of partnership. This transaction, which is expected to close by the end of 2024, values the Franco-American tech leader Kyriba at over $3 billion.
This exit enables IRIS to deliver over 10x return on the initial investment made by its IrisNext fund in 2017. IRIS first backed Kyriba in 2010 for its Series C funding round, and over the past 14 years has actively participated in each stage of Kyriba’s growth through several reinvestments via two fund generations, most recently in 2017 and 2019 with its IrisNext fund.
Since IRIS initially invested, Kyriba's revenue—which was then mainly generated in France—has been multiplied by 25 and its ARR by 30. Moreover, the company's valuation has grown in euros over 100-fold, making the technology leader a global giant in its sector.
After working alongside the company until it achieved profitability and completed its first acquisition, IRIS fully exited its 2010 fund in 2019, with Bridgepoint acquiring a majority stake, valuing the Franco-American scale-up at over $1 billion and generating a multiple of more than x12 for the fund on its initial investment.
Active and strategic long-standing support
IRIS was one of the first players to believe in the power of SaaS to challenge existing corporate finance management solutions, such as, in Kyriba's case, enterprise liquidity performance. The sector is currently valued at $15 billion globally and represents one of the most promising markets within the B2B Fintech industry.
IRIS has been by Kyriba’s side since its technological pivot, enabling the company through the main stages of its growth, notably its expansion in the United States and across Europe, the development of its product offering (towards Risk Management, Payments and Working Capital) and the evolution of its platform towards its global leadership in enterprise liquidity performance. With over 3,000 customers worldwide, including many of the world’s largest corporations, this latest round of financing will empower Kyriba to continue pioneering innovations in enterprise liquidity management.
Outstanding success in the United States, Europe and beyond
Kyriba is one of Europe's greatest technological success stories, having proven itself from its early days in France to becoming a world-class scale-up. Although growing rapidly worldwide, the company is still proud to maintain its R&D teams in Saint-Cloud, France.
“All these years, we’ve proudly supported Kyriba’s tech ventures and fast-growing business up to their global leadership, as we always do at IRIS with promising European startups and scale-ups. We are grateful to Jean-Luc Robert, Kyriba’s founder, for his exceptional leadership and to the teams at Kyriba for their great dedication. Kyriba’s success is an inspiring example of our commitment to unique entrepreneurs and exceptional leaders of upcoming global tech giants in their market.” said Curt Gunsenheimer, Managing Partner at IRIS.
IRIS, the European venture and growth equity firm focused on funding technology platforms, announces its full exit from the capital of Kyriba following a reinvestment from Bridgepoint’s buyout fund alongside new investor General Atlantic. This represents a key milestone for the company and IRIS after over 10 years of partnership. This transaction, which is expected to close by the end of 2024, values the Franco-American tech leader Kyriba at over $3 billion.
This exit enables IRIS to deliver over 10x return on the initial investment made by its IrisNext fund in 2017. IRIS first backed Kyriba in 2010 for its Series C funding round, and over the past 14 years has actively participated in each stage of Kyriba’s growth through several reinvestments via two fund generations, most recently in 2017 and 2019 with its IrisNext fund.
Since IRIS initially invested, Kyriba's revenue—which was then mainly generated in France—has been multiplied by 25 and its ARR by 30. Moreover, the company's valuation has grown in euros over 100-fold, making the technology leader a global giant in its sector.
After working alongside the company until it achieved profitability and completed its first acquisition, IRIS fully exited its 2010 fund in 2019, with Bridgepoint acquiring a majority stake, valuing the Franco-American scale-up at over $1 billion and generating a multiple of more than x12 for the fund on its initial investment.
Active and strategic long-standing support
IRIS was one of the first players to believe in the power of SaaS to challenge existing corporate finance management solutions, such as, in Kyriba's case, enterprise liquidity performance. The sector is currently valued at $15 billion globally and represents one of the most promising markets within the B2B Fintech industry.
IRIS has been by Kyriba’s side since its technological pivot, enabling the company through the main stages of its growth, notably its expansion in the United States and across Europe, the development of its product offering (towards Risk Management, Payments and Working Capital) and the evolution of its platform towards its global leadership in enterprise liquidity performance. With over 3,000 customers worldwide, including many of the world’s largest corporations, this latest round of financing will empower Kyriba to continue pioneering innovations in enterprise liquidity management.
Outstanding success in the United States, Europe and beyond
Kyriba is one of Europe's greatest technological success stories, having proven itself from its early days in France to becoming a world-class scale-up. Although growing rapidly worldwide, the company is still proud to maintain its R&D teams in Saint-Cloud, France.
“All these years, we’ve proudly supported Kyriba’s tech ventures and fast-growing business up to their global leadership, as we always do at IRIS with promising European startups and scale-ups. We are grateful to Jean-Luc Robert, Kyriba’s founder, for his exceptional leadership and to the teams at Kyriba for their great dedication. Kyriba’s success is an inspiring example of our commitment to unique entrepreneurs and exceptional leaders of upcoming global tech giants in their market.” said Curt Gunsenheimer, Managing Partner at IRIS.
IRIS, the European venture and growth equity firm focused on funding technology platforms, announces its full exit from the capital of Kyriba following a reinvestment from Bridgepoint’s buyout fund alongside new investor General Atlantic. This represents a key milestone for the company and IRIS after over 10 years of partnership. This transaction, which is expected to close by the end of 2024, values the Franco-American tech leader Kyriba at over $3 billion.
This exit enables IRIS to deliver over 10x return on the initial investment made by its IrisNext fund in 2017. IRIS first backed Kyriba in 2010 for its Series C funding round, and over the past 14 years has actively participated in each stage of Kyriba’s growth through several reinvestments via two fund generations, most recently in 2017 and 2019 with its IrisNext fund.
Since IRIS initially invested, Kyriba's revenue—which was then mainly generated in France—has been multiplied by 25 and its ARR by 30. Moreover, the company's valuation has grown in euros over 100-fold, making the technology leader a global giant in its sector.
After working alongside the company until it achieved profitability and completed its first acquisition, IRIS fully exited its 2010 fund in 2019, with Bridgepoint acquiring a majority stake, valuing the Franco-American scale-up at over $1 billion and generating a multiple of more than x12 for the fund on its initial investment.
Active and strategic long-standing support
IRIS was one of the first players to believe in the power of SaaS to challenge existing corporate finance management solutions, such as, in Kyriba's case, enterprise liquidity performance. The sector is currently valued at $15 billion globally and represents one of the most promising markets within the B2B Fintech industry.
IRIS has been by Kyriba’s side since its technological pivot, enabling the company through the main stages of its growth, notably its expansion in the United States and across Europe, the development of its product offering (towards Risk Management, Payments and Working Capital) and the evolution of its platform towards its global leadership in enterprise liquidity performance. With over 3,000 customers worldwide, including many of the world’s largest corporations, this latest round of financing will empower Kyriba to continue pioneering innovations in enterprise liquidity management.
Outstanding success in the United States, Europe and beyond
Kyriba is one of Europe's greatest technological success stories, having proven itself from its early days in France to becoming a world-class scale-up. Although growing rapidly worldwide, the company is still proud to maintain its R&D teams in Saint-Cloud, France.
“All these years, we’ve proudly supported Kyriba’s tech ventures and fast-growing business up to their global leadership, as we always do at IRIS with promising European startups and scale-ups. We are grateful to Jean-Luc Robert, Kyriba’s founder, for his exceptional leadership and to the teams at Kyriba for their great dedication. Kyriba’s success is an inspiring example of our commitment to unique entrepreneurs and exceptional leaders of upcoming global tech giants in their market.” said Curt Gunsenheimer, Managing Partner at IRIS.
IRIS announces complete exit from Kyriba in a $3B deal
Bridgepoint to reinvest in Kyriba, alongside new minority investor, General Atlantic.
IRIS, the European venture and growth equity firm focused on funding technology platforms, announces its full exit from the capital of Kyriba following a reinvestment from Bridgepoint’s buyout fund alongside new investor General Atlantic. This represents a key milestone for the company and IRIS after over 10 years of partnership. This transaction, which is expected to close by the end of 2024, values the Franco-American tech leader Kyriba at over $3 billion.
This exit enables IRIS to deliver over 10x return on the initial investment made by its IrisNext fund in 2017. IRIS first backed Kyriba in 2010 for its Series C funding round, and over the past 14 years has actively participated in each stage of Kyriba’s growth through several reinvestments via two fund generations, most recently in 2017 and 2019 with its IrisNext fund.
Since IRIS initially invested, Kyriba's revenue—which was then mainly generated in France—has been multiplied by 25 and its ARR by 30. Moreover, the company's valuation has grown in euros over 100-fold, making the technology leader a global giant in its sector.
After working alongside the company until it achieved profitability and completed its first acquisition, IRIS fully exited its 2010 fund in 2019, with Bridgepoint acquiring a majority stake, valuing the Franco-American scale-up at over $1 billion and generating a multiple of more than x12 for the fund on its initial investment.
Active and strategic long-standing support
IRIS was one of the first players to believe in the power of SaaS to challenge existing corporate finance management solutions, such as, in Kyriba's case, enterprise liquidity performance. The sector is currently valued at $15 billion globally and represents one of the most promising markets within the B2B Fintech industry.
IRIS has been by Kyriba’s side since its technological pivot, enabling the company through the main stages of its growth, notably its expansion in the United States and across Europe, the development of its product offering (towards Risk Management, Payments and Working Capital) and the evolution of its platform towards its global leadership in enterprise liquidity performance. With over 3,000 customers worldwide, including many of the world’s largest corporations, this latest round of financing will empower Kyriba to continue pioneering innovations in enterprise liquidity management.
Outstanding success in the United States, Europe and beyond
Kyriba is one of Europe's greatest technological success stories, having proven itself from its early days in France to becoming a world-class scale-up. Although growing rapidly worldwide, the company is still proud to maintain its R&D teams in Saint-Cloud, France.
“All these years, we’ve proudly supported Kyriba’s tech ventures and fast-growing business up to their global leadership, as we always do at IRIS with promising European startups and scale-ups. We are grateful to Jean-Luc Robert, Kyriba’s founder, for his exceptional leadership and to the teams at Kyriba for their great dedication. Kyriba’s success is an inspiring example of our commitment to unique entrepreneurs and exceptional leaders of upcoming global tech giants in their market.” said Curt Gunsenheimer, Managing Partner at IRIS.
IRIS, the European venture and growth equity firm focused on funding technology platforms, announces its full exit from the capital of Kyriba following a reinvestment from Bridgepoint’s buyout fund alongside new investor General Atlantic. This represents a key milestone for the company and IRIS after over 10 years of partnership. This transaction, which is expected to close by the end of 2024, values the Franco-American tech leader Kyriba at over $3 billion.
This exit enables IRIS to deliver over 10x return on the initial investment made by its IrisNext fund in 2017. IRIS first backed Kyriba in 2010 for its Series C funding round, and over the past 14 years has actively participated in each stage of Kyriba’s growth through several reinvestments via two fund generations, most recently in 2017 and 2019 with its IrisNext fund.
Since IRIS initially invested, Kyriba's revenue—which was then mainly generated in France—has been multiplied by 25 and its ARR by 30. Moreover, the company's valuation has grown in euros over 100-fold, making the technology leader a global giant in its sector.
After working alongside the company until it achieved profitability and completed its first acquisition, IRIS fully exited its 2010 fund in 2019, with Bridgepoint acquiring a majority stake, valuing the Franco-American scale-up at over $1 billion and generating a multiple of more than x12 for the fund on its initial investment.
Active and strategic long-standing support
IRIS was one of the first players to believe in the power of SaaS to challenge existing corporate finance management solutions, such as, in Kyriba's case, enterprise liquidity performance. The sector is currently valued at $15 billion globally and represents one of the most promising markets within the B2B Fintech industry.
IRIS has been by Kyriba’s side since its technological pivot, enabling the company through the main stages of its growth, notably its expansion in the United States and across Europe, the development of its product offering (towards Risk Management, Payments and Working Capital) and the evolution of its platform towards its global leadership in enterprise liquidity performance. With over 3,000 customers worldwide, including many of the world’s largest corporations, this latest round of financing will empower Kyriba to continue pioneering innovations in enterprise liquidity management.
Outstanding success in the United States, Europe and beyond
Kyriba is one of Europe's greatest technological success stories, having proven itself from its early days in France to becoming a world-class scale-up. Although growing rapidly worldwide, the company is still proud to maintain its R&D teams in Saint-Cloud, France.
“All these years, we’ve proudly supported Kyriba’s tech ventures and fast-growing business up to their global leadership, as we always do at IRIS with promising European startups and scale-ups. We are grateful to Jean-Luc Robert, Kyriba’s founder, for his exceptional leadership and to the teams at Kyriba for their great dedication. Kyriba’s success is an inspiring example of our commitment to unique entrepreneurs and exceptional leaders of upcoming global tech giants in their market.” said Curt Gunsenheimer, Managing Partner at IRIS.
IRIS, the European venture and growth equity firm focused on funding technology platforms, announces its full exit from the capital of Kyriba following a reinvestment from Bridgepoint’s buyout fund alongside new investor General Atlantic. This represents a key milestone for the company and IRIS after over 10 years of partnership. This transaction, which is expected to close by the end of 2024, values the Franco-American tech leader Kyriba at over $3 billion.
This exit enables IRIS to deliver over 10x return on the initial investment made by its IrisNext fund in 2017. IRIS first backed Kyriba in 2010 for its Series C funding round, and over the past 14 years has actively participated in each stage of Kyriba’s growth through several reinvestments via two fund generations, most recently in 2017 and 2019 with its IrisNext fund.
Since IRIS initially invested, Kyriba's revenue—which was then mainly generated in France—has been multiplied by 25 and its ARR by 30. Moreover, the company's valuation has grown in euros over 100-fold, making the technology leader a global giant in its sector.
After working alongside the company until it achieved profitability and completed its first acquisition, IRIS fully exited its 2010 fund in 2019, with Bridgepoint acquiring a majority stake, valuing the Franco-American scale-up at over $1 billion and generating a multiple of more than x12 for the fund on its initial investment.
Active and strategic long-standing support
IRIS was one of the first players to believe in the power of SaaS to challenge existing corporate finance management solutions, such as, in Kyriba's case, enterprise liquidity performance. The sector is currently valued at $15 billion globally and represents one of the most promising markets within the B2B Fintech industry.
IRIS has been by Kyriba’s side since its technological pivot, enabling the company through the main stages of its growth, notably its expansion in the United States and across Europe, the development of its product offering (towards Risk Management, Payments and Working Capital) and the evolution of its platform towards its global leadership in enterprise liquidity performance. With over 3,000 customers worldwide, including many of the world’s largest corporations, this latest round of financing will empower Kyriba to continue pioneering innovations in enterprise liquidity management.
Outstanding success in the United States, Europe and beyond
Kyriba is one of Europe's greatest technological success stories, having proven itself from its early days in France to becoming a world-class scale-up. Although growing rapidly worldwide, the company is still proud to maintain its R&D teams in Saint-Cloud, France.
“All these years, we’ve proudly supported Kyriba’s tech ventures and fast-growing business up to their global leadership, as we always do at IRIS with promising European startups and scale-ups. We are grateful to Jean-Luc Robert, Kyriba’s founder, for his exceptional leadership and to the teams at Kyriba for their great dedication. Kyriba’s success is an inspiring example of our commitment to unique entrepreneurs and exceptional leaders of upcoming global tech giants in their market.” said Curt Gunsenheimer, Managing Partner at IRIS.
