
Total amount raised
$802.1 Millions
Latest funding date

Location
OutSystems has successfully raised significant capital through multiple funding rounds, with notable investors such as Abdiel Capital, Tiger Global Management, and Goldman Sachs. The platform offers a robust low-code development environment enhanced by AI capabilities.
Keep reading to explore the intricacies of OutSystems' fundraising journey and the investors backing this innovative platform.
What Is OutSystems?
OutSystems, founded in 2001 by Paulo Rosado, Rodrigo Coutinho, and Rui Pereira, is headquartered in Boston, Massachusetts. The company specializes in a low-code platform that enables businesses to develop, deploy, and manage enterprise-grade applications efficiently.
With a workforce ranging from 1001 to 5000 employees, OutSystems leverages AI to enhance its development capabilities, making it easier for developers to innovate and create custom applications. The platform supports various use cases, including customer experience transformation, workplace innovation, and process automation.
OutSystems' mission is to empower organizations to build applications that drive digital transformation and modernize core systems. The company's AI-assisted tools and visual development environment streamline the app creation process, ensuring high productivity and seamless integration with existing systems.
How Much Funding Has OutSystems Raised?
- Seed Round
- Amount Raised: €1M
- Date: March 2001
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their low-code platform.
- Series B
- Amount Raised: €2.2M
- Date: March 2005
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and market reach.
- Series B
- Amount Raised: $3.2M
- Date: June 2007
- Lead Investors: Armilar Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and scale operations.
- Series C
- Amount Raised: $55M
- Date: February 2016
- Lead Investors: North Bridge Venture Partners & Growth Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance product offerings.
- Series D
- Amount Raised: $360M
- Date: June 2018
- Lead Investors: GS Growth, Kohlberg Kravis Roberts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand global presence and invest in R&D.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: September 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing innovation and market expansion.
- Series E
- Amount Raised: $150M
- Date: February 2021
- Lead Investors: Abdiel Capital, Tiger Global Management
- Valuation at Round: $9.5B
- Motivation Behind the Round: To expand investments in R&D and go-to-market strategy.
- Series G
- Amount Raised: $230M
- Date: October 2022
- Lead Investors: Kohlberg Kravis Roberts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance platform capabilities.
Total Amount Raised: $799.2M
Current Valuation: $9.5B
Key Investors
- Abdiel Capital
- Details: Abdiel Capital is a private investment firm known for its concentrated investment strategy, focusing on high-growth companies. The firm often takes a long-term investment horizon, aiming to create substantial value over time.
- Investment Focus Areas: High-growth companies across various sectors.
- Notable Investments: Specific notable investments are not publicly disclosed.
- Tiger Global Management
- Details: Tiger Global Management is a global investment firm that invests in private and public companies. The firm is known for its focus on technology-driven businesses and has a significant presence in the internet, software, consumer, and financial technology sectors.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Goldman Sachs
- Details: Goldman Sachs is a leading global investment banking, securities, and investment management firm. The company provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments, and individuals.
- Investment Focus Areas: Technology, finance, consumer.
- Notable Investments: ByteDance, Uber, Airbnb.
- Kohlberg Kravis Roberts (KKR)
- Details: KKR is a global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, and credit. The firm is known for its strategic investments and operational expertise.
- Investment Focus Areas: Private equity, energy, infrastructure, real estate, credit.
- Notable Investments: ByteDance, Lyft, Epic Games.
- North Bridge Venture Partners & Growth Equity
- Details: North Bridge Venture Partners & Growth Equity is a venture capital and private equity firm that invests in early-stage and growth-stage companies. The firm focuses on helping entrepreneurs build market-leading companies.
- Investment Focus Areas: Early-stage technology, growth-stage technology.
- Notable Investments: Acquia, Dyn, Demandware.
What's Next for OutSystems?
OutSystems stands at the cusp of significant growth opportunities, driven by the increasing demand for low-code platforms and digital transformation solutions. With a valuation of $9.5 billion and a recent $150 million investment, the company is poised to expand its R&D and go-to-market strategies. Partnerships with major firms like AWS, Deloitte, and Infosys further bolster its market reach and capabilities.
Future fundraising rounds seem likely as OutSystems continues to demonstrate robust growth and innovation. The company may also explore strategic acquisitions to enhance its platform and market presence. However, challenges such as competition from other low-code platforms and the scarcity of skilled developers could pose hurdles. Ensuring scalability and security will be crucial as the company navigates these complexities.
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