InvGate, a Buenos Aires, Argentina-based SaaS platform with global operations at the intersection of Enterprise Service Management (ESM), IT Service Management (ITSM), and IT Asset Management (ITAM), raised $35 million in growth funding.
The round was led by Riverwood Capital, a prominent investor in high-growth technology companies, with participation from Endeavor Catalyst.
The capital raised, and active partnership with Riverwood will enable InvGate to accelerate its global expansion plans and make substantial investments in its advanced product platform.
InvGate offers SaaS solutions to streamline and automate IT operations for enterprise and mid-size companies. InvGate’s technology is used by enterprises and mid-size organizations across Banking, Consumer Products, Healthcare, Education, Services, and other sectors in over 55 countries.
"During the past decade, we have built a modern, flexible, and disruptive software platform that combines IT Service Management and IT Asset Management in one unified solution, with an obsessive focus on helping our clients streamline and automate their IT and internal operations; we started by serving leading corporates in Latin America, and then expanded globally into the United States, Europe, and the Middle East with an increasing number of global customers that want a superior alternative to the complex and costly incumbent ITSM vendors,” said Ariel Gesto, Co-Founder and CEO of InvGate.“As our growth accelerates, we are committed to continue empowering customers with a flexible and cost-efficient technology platform that enables them to scale and automate their IT and internal operations, including an exciting pipeline of new automation and AI-powered capabilities that will continue to differentiate us from competitors.”
Some of its clients include the US Army, NASA, Globant, KPMG, Toyota, Arcos Dorados, and Grupo Coppel.
Round: Growth Round
Funding Month: July 2023
Lead Investors: Riverwood Capital
Additional Investors: Endeavor Catalyst
Company Website: https://invgate.com/
Software Category: IT Service and Asset Management Solutions
About the Company: Founded in 2009, InvGate focused on delivering intuitive and robust software that simplifies complex workflows and automates routine tasks. InvGate’s solutions span across IT Service Management, Asset Management, Help Desk, and Security Operations, providing a holistic approach to managing and optimizing critical business functions. InvGate solutions include InvGate Service Desk, an IT Service Management system that allows IT teams to apply best practices to manage requests and incidents within their organization, and InvGate Insight, an IT Asset Management tool that serves as a single pane of glass for all technology and fixed assets owned by the organization, facilitating support, security compliance, and financial planning.