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
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Website
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Social
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- Legal Name Cherwell Software
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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.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series C — $83.3M
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First Round
First Round
(27 Nov 2012)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2020 | Amount | Series C - Cherwell | Valuation |
investors |
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| May, 2019 | Amount | Series C - Cherwell | Valuation |
investors |
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| May, 2019 | Amount | Grant - Cherwell | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location | |
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Business development and leadership training programs are offered to companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cherwell
Cherwell has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Express Metrix. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Cherwell
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cherwell Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based IT asset and service management software is offered.
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| domain | founded_year | HQ Location |
IT and enterprise service management software is provided for businesses.
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| domain | founded_year | HQ Location |
Low-code and no-code platform for intelligent business automation is provided.
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| domain | founded_year | HQ Location |
Cloud-based ERP solutions are offered for educational institutions.
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| domain | founded_year | HQ Location |
Platform offering IT service management solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cherwell
Frequently Asked Questions about Cherwell
When was Cherwell founded?
Cherwell was founded in 2004 and raised its 1st funding round 8 years after it was founded.
Where is Cherwell located?
Cherwell is headquartered in Colorado Springs, United States. It is registered at Colorado Springs, Colorado, United States.
Is Cherwell a funded company?
Cherwell is a funded company, having raised a total of $491.38M across 7 funding rounds to date. The company's 1st funding round was a Grant of $4.06M, raised on Nov 27, 2012.
How many employees does Cherwell have?
As of Dec 31, 2022, the latest employee count at Cherwell is 480.
What does Cherwell do?
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.
Who are the top competitors of Cherwell?
Cherwell's top competitors include Ivanti, EvoluteIQ and TeamDynamix.
How many acquisitions has Cherwell made?
Cherwell has made 1 acquisition, including Express Metrix.
Who are Cherwell's investors?
Cherwell has 4 investors. Key investors include KKR, Ivanti, Scottish Enterprise, and Insight Partners.
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