We are thrilled to announce our participation in the US$60 million Series B round of Digibee, the main eiPaaS (Enterprise Integration Platform-as-a-Service) provider in Latin America. The round was led by Goldman Sachs, together with our growth fund, Leadwind, Vivo Ventures (the corporate venture capital arm of Telefónica’s Brazilian operation), Kinea (the venture capital arm of Banco Itaú in Brazil) and G2D Investments.
This is our first investment in Brazil and Latin America and demonstrates our commitment and bullishness on the region. We launched Leadwind with the goal of investing in enabling technologies across Southern Europe and LatAm, and Digibee fits in perfectly with the companies we like: a founding team with a solid track record building products for the enterprise, a scalable software platform that enables the needs of companies across multiple sectors and significant traction and stickiness.
Technological disruption is a theme we are all passionate about. It is the bread and butter of the entire ecosystem we are a part of and the main theme of most of our personal and professional interactions. The flipside of this everlasting and enduring global movement is the existence of legacy infrastructure (hardware, software, processes and so on). For as long as there is new technology being developed and distributed, there will always be legacy infrastructure which is no longer state of the art and needs to be dealt with.
As a result, integration is a large, growing, and competitive market. Even in the current environment, cloud transition for a significant portion of enterprise companies across the world continues to see significant growth and opportunity, since a lot of workloads still rely on legacy infrastructure, code bases and on-premises systems. As more enterprises adopt new cloud technologies (also necessary for an increasingly remote workforce), integrating these with their own legacy systems becomes essential. The global spend on Digital Transformation efforts is estimated to be worth US$1.8T in 2022 and reach US$2.8T by 2026, with about 50% of such being directed towards integration efforts, or US$900B - 49% of that is in the US and 3% is in Latin America (2/3 of which is in Brazil).
With prior experience both in building systems and infrastructure for enterprises (especially in Produban, a Grupo Santander technology company) and in managing large tech companies (such as Zup Innovation, later acquired by Banco Itaú in 2019), Digibee was founded in 2019 by Rodrigo Bernardinelli, Vitor Sousa and Peter Kreslins, operating in the Enterprise Integration Platform-as-a-Service market, by integrating assets that lack native means of efficiently connecting with each other to build unified workflows and automate processes. The company mostly focuses on enterprise customers, who tend to have complex software systems and infrastructure, which often means trying to build workflows combining legacy and cloud software. These integrations are not easy to implement and, more importantly, maintain, and Digibee allows teams to build, maintain and expand those.
Its product focuses on accelerating developers with an easy to learn, low code approach and its services rendering is seen as a great differentiator. With use cases ranging from application and data integration to API management and being cloud provider agnostic, Digibee has experienced significant and accelerated growth, securing very high-quality logos and market share in Brazil.
In 2022, after completing its US$25 million Series A led by SoftBank Latin America, the company started to expand its operations internationally, including to the US, the world’s largest and most competitive market in its segment. Despite the challenging macroeconomic conditions, Digibee managed to meet all its goals, already featuring several important American companies in its client list such as Connectwise, Johnson Brothers Liquors and Barkley, as well as a high caliber team of professionals in the country. The company’s team stands out in its strong business acumen, drive and tech savviness.
Now, with the closing of its Series B, Digibee aims to secure and strengthen its Brazilian and Latin American positions while gearing full speed in its US expansion and also adding Europe in its business plan, with the help of Goldman Sachs, K Fund and Vivo Ventures, all eager to work in turning this Brazilian company into a global integration powerhouse, transforming the way IT delivers business value with modern integration technology. Digibee’s powerful and easy to use product gives the company a strong differentiation before developers when competing against incumbents such as Mulesoft and Snaplogic.
We can’t wait to support Digibee in its international expansion and everlasting focus on solving the needs of its clients, using Leadwind’s corporate relations in Europe with our anchor, Telefónica, BBVA, Catalana Occidente and many others, to scale this portfolio company even further.
Leadwind, KFund’s growth fund, is designed to invest and boost Southern Europe’s and Latin America’s scale ups, with a specific focus on businesses developing enabling technologies to help them not only grow but also scale internationally. Digibee is an example of the companies we look for. For more information, reach out to Miguel (marias@kfund.vc), Jaime (jaime@kfund.vc), or Gustavo (guribas@kfund.vc).
We are thrilled to announce our participation in the US$60 million Series B round of Digibee, the main eiPaaS (Enterprise Integration Platform-as-a-Service) provider in Latin America. The round was led by Goldman Sachs, together with our growth fund, Leadwind, Vivo Ventures (the corporate venture capital arm of Telefónica’s Brazilian operation), Kinea (the venture capital arm of Banco Itaú in Brazil) and G2D Investments.
This is our first investment in Brazil and Latin America and demonstrates our commitment and bullishness on the region. We launched Leadwind with the goal of investing in enabling technologies across Southern Europe and LatAm, and Digibee fits in perfectly with the companies we like: a founding team with a solid track record building products for the enterprise, a scalable software platform that enables the needs of companies across multiple sectors and significant traction and stickiness.
Technological disruption is a theme we are all passionate about. It is the bread and butter of the entire ecosystem we are a part of and the main theme of most of our personal and professional interactions. The flipside of this everlasting and enduring global movement is the existence of legacy infrastructure (hardware, software, processes and so on). For as long as there is new technology being developed and distributed, there will always be legacy infrastructure which is no longer state of the art and needs to be dealt with.
As a result, integration is a large, growing, and competitive market. Even in the current environment, cloud transition for a significant portion of enterprise companies across the world continues to see significant growth and opportunity, since a lot of workloads still rely on legacy infrastructure, code bases and on-premises systems. As more enterprises adopt new cloud technologies (also necessary for an increasingly remote workforce), integrating these with their own legacy systems becomes essential. The global spend on Digital Transformation efforts is estimated to be worth US$1.8T in 2022 and reach US$2.8T by 2026, with about 50% of such being directed towards integration efforts, or US$900B - 49% of that is in the US and 3% is in Latin America (2/3 of which is in Brazil).
With prior experience both in building systems and infrastructure for enterprises (especially in Produban, a Grupo Santander technology company) and in managing large tech companies (such as Zup Innovation, later acquired by Banco Itaú in 2019), Digibee was founded in 2019 by Rodrigo Bernardinelli, Vitor Sousa and Peter Kreslins, operating in the Enterprise Integration Platform-as-a-Service market, by integrating assets that lack native means of efficiently connecting with each other to build unified workflows and automate processes. The company mostly focuses on enterprise customers, who tend to have complex software systems and infrastructure, which often means trying to build workflows combining legacy and cloud software. These integrations are not easy to implement and, more importantly, maintain, and Digibee allows teams to build, maintain and expand those.
Its product focuses on accelerating developers with an easy to learn, low code approach and its services rendering is seen as a great differentiator. With use cases ranging from application and data integration to API management and being cloud provider agnostic, Digibee has experienced significant and accelerated growth, securing very high-quality logos and market share in Brazil.
In 2022, after completing its US$25 million Series A led by SoftBank Latin America, the company started to expand its operations internationally, including to the US, the world’s largest and most competitive market in its segment. Despite the challenging macroeconomic conditions, Digibee managed to meet all its goals, already featuring several important American companies in its client list such as Connectwise, Johnson Brothers Liquors and Barkley, as well as a high caliber team of professionals in the country. The company’s team stands out in its strong business acumen, drive and tech savviness.
Now, with the closing of its Series B, Digibee aims to secure and strengthen its Brazilian and Latin American positions while gearing full speed in its US expansion and also adding Europe in its business plan, with the help of Goldman Sachs, K Fund and Vivo Ventures, all eager to work in turning this Brazilian company into a global integration powerhouse, transforming the way IT delivers business value with modern integration technology. Digibee’s powerful and easy to use product gives the company a strong differentiation before developers when competing against incumbents such as Mulesoft and Snaplogic.
We can’t wait to support Digibee in its international expansion and everlasting focus on solving the needs of its clients, using Leadwind’s corporate relations in Europe with our anchor, Telefónica, BBVA, Catalana Occidente and many others, to scale this portfolio company even further.
Leadwind, KFund’s growth fund, is designed to invest and boost Southern Europe’s and Latin America’s scale ups, with a specific focus on businesses developing enabling technologies to help them not only grow but also scale internationally. Digibee is an example of the companies we look for. For more information, reach out to Miguel (marias@kfund.vc), Jaime (jaime@kfund.vc), or Gustavo (guribas@kfund.vc).
