San Diego – October 13, 2017 – Cooley advised fintech company Kyriba on securing $10 million in a new round of VC funding led by Sumeru Equity Partners (SEP), alongside existing investors Bpifrance, Iris Capital, Daher Capital and HSBC, and approximately $35 million in investment by these entities through the secondary purchase of outstanding shares. In total, Kyriba has now raised more than $100 million through strategic and VC funding.
“SEP’s expertise in fast-growth SaaS solution providers, and their impressive track record for investing in successful technology market leaders, makes them the perfect strategic partner for Kyriba,” said Jean-Luc Robert, chairman and CEO of Kyriba, in a recent news release. “We are seeing strong global demand for modernizing treasury and financial operations, and are thrilled to receive the support of SEP and our existing strategic partners to help accelerate our growth.”
Kyriba is the #1 provider of cloud treasury and financial management solutions. Kyriba empowers financial leaders and their teams with award-winning solutions for cash and risk management, payments and supply chain finance.
The Cooley team advising Kyriba was led by of counsel Julie Robinson.
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