Funding round
IBS Software Growth
Reported as "Growth Equity"
IBS Software, which works in travel technology solutions development in Bengaluru, raised $450M in a Growth round announced on 15 May 2023, led by Apax Partners, at a $1.40B post-money valuation. 2 firms took part, 1 of them already investors.
$450M
Amount raised
$1.40B
Post-money valuation
$950M pre-money
2
Investors
1 lead
32%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced IBS Software at $1.40B after the new money. The $450M bought investors about 32% of the company. It is IBS Software's first venture round on record, 26 years after it was founded in 1997. No later venture round is on record for IBS Software.
IBS Software's funding rounds
This is the only venture round on record for IBS Software.
- Growth this round 15 May 2023, led by Apax Partners $450M$1.40B post-money
Investors
Who put money in
Apax Partners led the round with 1 other firm. Blackstone had backed IBS Software before.
Lead investor
- backs 22 venture-backed companies new investor
Also in the round
- Blackstone backs 83 venture-backed companies existing investor
Comparable rounds
How it compares
346 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 9.4 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 19 May 2023 | $135M | $1.00B | KKR and L Catterton |
| Tech Companies | 2 May 2023 | $65M | not disclosed | Metropolitan Partners Group |
| Tech Companies | 19 May 2023 | $61M | not disclosed | Corner Ventures and Aleph |
| Tech Companies | 18 May 2023 | $50M | not disclosed | Fika Ventures and 01A |
| Tech Companies | 18 May 2023 | $44M | not disclosed | Main Street Capital |
| Tech Companies | 18 May 2023 | $16M | not disclosed | Lightbox |
| Tech Companies | 10 May 2023 | $12M | not disclosed | MK Capital and Joint Effects |
| Tech Companies | 16 May 2023 | $10M | not disclosed | MK Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did IBS Software raise in its Growth round?
IBS Software raised $450M in its Growth round, announced in May 2023.
Who led IBS Software's Growth round?
Apax Partners led it, with Blackstone.
What was IBS Software's valuation at the Growth round?
$1.40B post-money ($950M pre-money).
How does it compare with other Growth rounds in Tech Companies?
346 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 9.4 times the median.