The Apax Digital Fund Leads $43 Million Funding Round in Wizeline
Wizeline to Continue to Support the Transformation of the Consulting Industry with Its Technology-Driven Approach
Wizeline, a Silicon Valley-based outsourced product development and technology company, announced that the company has closed a $43M Series B funding round, led by the Apax Digital Fund, a growth equity fund advised by global private equity advisory firm Apax Partners.
Wizeline builds technology platforms and offers software consulting services to provide transformative technology solutions to its customers. The company was founded in 2014 and has quickly grown to nearly 500 employees globally with year-on-year revenue growth of over 200%. The new funds will be used to accelerate growth through the scaling of development teams, sales & marketing functions, international expansion, and M&A.
“Wizeline has always been focused on helping companies to innovate and to deliver better products to market faster. The software is the new frontier for all businesses, and Wizeline’s approach of marrying global talent with technology platforms allows us to deliver transformative solutions to the largest companies in the world. Tens of millions of people use a Wizeline-designed and developed product every single day,” said Bismarck Lepe, CEO, co-founder, Wizeline.
“We are very excited to partner with Wizeline, supporting Bismarck and his team to continue to deliver impressive growth. Wizeline has earned an enviable position in the high-end digital transformation consulting space, through its differentiated product-focused offering, its world-class engineering team, and its growing international roster of blue-chip customers. We aim to leverage Apax’s deep experience investing in leading global IT Services companies to accelerate Wizeline’s growth ambitions,” said Marcelo Gigliani, Managing Partner, Apax Digital.
The investment in Wizeline is the Apax Funds’ ninth IT Services investment. Notable recent investments include GlobalLogic, ThoughtWorks, EVRY, Engineering, and Zensar. Marcelo Gigliani as well as Bryan Gartner, Principal at Apax Digital, will be joining Wizeline’s Board of Directors as part of this funding.
“Apax brings decades of experience in the consulting services industry, and we believe that they are the right partner to support the organic and inorganic growth of the business. In addition to continuing to invest in our core platforms and teams, we will be focused on acquiring API/SDK-driven technologies that can accelerate the development and delivery of solutions for our customers,” added Lepe.