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Announced

Completed

Digital+Partners, Morgan Stanley Expansion Capital and Revaia led a $140m Series C round in Platform.sh.

Financials

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Transaction Value£114m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

Acquisition

Completed

Private Equity

Friendly

France

cloud management

Minority

open source

software

Software

Cross Border

Private

Synopsis

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Digital+Partners, a technology growth equity investor, Morgan Stanley Expansion Capital, a growth-focused private investment platform, and Revaia, a global investment company, led a $140m Series C round in Platform.sh, a unified, secure, enterprise-grade platform developer, with participation from BGV, Eurazeo, Hiinov, and Partech. “When we launched Platform.sh, we wanted to build a very powerful cloud platform that simplifies the cloud experience for web developers, making sure they spend time on developing and zero time on cloud infrastructure. Our approach has quickly inspired global corporations to manage thousands of websites and applications efficiently and securely to help them make informed, greener decisions when hosting web apps. This latest round of funding will support us as we invest in third-party technology acquisition and continue to innovate,” Fred Plais, Platform.sh CEO and Co-Founder.

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