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Rimilia raises $25m growth funding as it eyes global expansion PDF Print E-mail
Wednesday, 26 July 2017
Rimilia, the leading SaaS-based intelligent automation company serving finance functions of global enterprises, has raised $25m in growth funding. The round was co-led by Kennet Partners and Eight Roads Ventures.   

Rimilia has clients across Europe and the US including Avis, Hitachi, Santander and Travis Perkins and currently employs over 70 people at its Midlands headquarters in Bromsgrove. Sajid Javid MP, who opened its new office last year, heralded it as a local champion with global relevance.

Rimilia will use this first round of external capital to invest in its market leading software and into its sales, marketing, and customer support functions as it expands its presence in Europe and the US. As part of this fundraising it also plans to double the size of its team and make several senior hires, the first of which is Karl Campbell, who joins as Chairman with immediate effect. Karl brings with him a wealth of relevant experience in scaling SaaS companies.

Chris McGibbon, CEO of Rimilia said: “This investment comes at a pivotal time for Rimilia and will allow us to capitalise on global opportunities. Both Eight Roads Ventures and Kennet Partners have terrific track-records investing in SaaS and FinTech companies. We look forward to working together as we navigate our next phase of growth.”

Karl Campbell added: “It is a pleasure to be joining Rimilia at this exciting time. Rimilia has a best in class product and team. As always, maintaining high customer satisfaction and value, while continuing to innovate our market leading financial solutions, will remain at the core of our culture.”

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