Redwood Software, which builds cloud-based business and IT process automation solutions, has collected €315m in strategic funding from growth equity investor Turn/River Capital.
The investment will enable Redwood to accelerate the development of new features.
Founded in 1993, Netherlands-based Redwood Software designs IT, finance and business process automation technology to help businesses improve digital operations. Its technology supports with infrastructure management, finance automation, automated DevOps, supply chain management and more.
Its clients include Wells Fargo, UBS, Siemens, Coca-Cola, Mercedes-Benz, Airbus and more.
Turn/River Capital founder and managing partner Dominic Ang said, “Redwood is a technology leader that enables the world’s largest companies to automate manual tasks and streamline complex business processes.
“We are beyond excited to provide growth funding and go-to-market support for the expansion of Redwood’s mission critical software solutions.”
Redwood was advised on the investment by HVG Law. While Turn/River was advised by CMS, Orrick and Lincoln International.
Copyright © 2021 FinTech Global
