Thursday, April 11, 2019

Kyriba Completes $160M Majority Financing Round

San Diego-based Kyriba, which develops cloud-based software used for treasury and finance management by international companies, has completed the $160M majority funding round it first announced in March, giving private equity investor Bridgepoint a majority stake in the company. The funding values the company at $1.2 billion. As part of the deal, Kyriba said its existing investors Daher Capital, Iris Capital, and Ceo Jean-Luc Robert will continue to b investors in the company. Kyriba's exiting investors include Sumeru Equity Partners (SEP), Bpifrance, HSBC, Mitsubishi UFJ Capital, BRED Banque Populaire and Upfront Ventures.