About Cherwell
Cherwell is a company based in Colorado Springs (United States) founded in 2004 was acquired by Ivanti in January 2021. Cherwell has raised $491.38 million across 7 funding rounds from investors including KKR, Ivanti and Scottish Enterprise. The company has 480 employees as of December 31, 2022. Cherwell has completed 1 acquisition, including Express Metrix. Cherwell operates in a competitive market with competitors including Ivanti, Matrix42 Benelux, EvoluteIQ, TeamDynamix and EasyVista, among others.
- Headquarter Colorado Springs, United States
- Employees 480 as on 31 Dec, 2022
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Sectors
Technology
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Cherwell Software
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$491.38 M (USD)
in 7 rounds
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Latest Funding Round
$83.25 M (USD), Series C
May 27, 2020
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Investors
KKR
& 3 more
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Employee Count
480
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
Ivanti
(Jan 26, 2021)
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People of Cherwell
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Funding Insights of Cherwell
Cherwell has successfully raised a total of $491.38M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $83.25 million completed in May 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Cherwell
Cherwell has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include KKR, Ivanti and Scottish Enterprise.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are invested in by this private equity firm.
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Investment firm scaling software and technology companies from early to late stages.
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Business development and leadership training programs are offered to companies.
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Investor details for Cherwell
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Investments & Acquisitions by Cherwell
Cherwell has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Express Metrix.
Investment portfolio details for Cherwell
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud, cybersecurity, and managed services are provided to clients.
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Complete acquisition details for Cherwell
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- Transaction dates
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Financial Statements - Cherwell
Detailed financials for Cherwell
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Cherwell Comparisons
Peer comparison for Cherwell
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Competitors of Cherwell
Cherwell operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ivanti, Matrix42 Benelux, EvoluteIQ, TeamDynamix and EasyVista, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based IT asset and service management software is offered.
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IT and enterprise service management software is provided for businesses.
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Low-code and no-code platform for intelligent business automation is provided.
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Cloud-based ERP solutions are offered for educational institutions.
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Platform offering IT service management solutions
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Detailed competitors of Cherwell
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Latest news on Cherwell
Complete news archive for Cherwell
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Frequently Asked Questions about Cherwell
Cherwell was founded in 2004 and raised its 1st funding round 8 years after it was founded.
Cherwell is headquartered in Colorado Springs, United States. It is registered at Colorado Springs, Colorado, United States.
Cherwell is a funded company, having raised a total of $491.38M across 7 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Cherwell is 480.
Cherwell provides service and software management solutions. Features include license management, cross platform discovery, usage metering, purchase tracking, integration with SCCM and more. Its Service Management software is ITIL certified Service Management software available SaaS or on-premises. Users can integrating with mApps solutions which are applications available open source or on commercial model. Recognized by Gartner, Forrester Research and Forbes. Key costumers include Texas State University, Virgin America, Otto Group.
Cherwell's top competitors include Ivanti, EvoluteIQ and TeamDynamix.
Cherwell has made 1 acquisition, including Express Metrix.
Cherwell has 4 investors. Key investors include KKR, Ivanti, Scottish Enterprise, and Insight Partners.