About GBTEC
GBTEC is a company based in Bochum (Germany) founded in 2005 by Marc Oliver Stromberg and Gregor Greinke was acquired by The Carlyle Group in November 2023.. GBTEC has raised $34 million across 4 funding rounds from investors including The Carlyle Group, EDBI and Morado Ventures. The company has 107 employees as of December 31, 2018. GBTEC has completed 1 acquisition, including avedos GRC. GBTEC offers products and services including BIC Process Design, BIC EAM, BIC Process Execution, BIC Process Mining, and BIC GRC. GBTEC operates in a competitive market with competitors including Palantir, Appian, NAVEX Global, AuditBoard and ProcessMaker, among others.
- Headquarter Bochum, Germany
- Employees 107 as on 31 Dec, 2018
- Founders Marc Oliver Stromberg, Gregor Greinke
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Gbtec Software Ag
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$34 M (USD)
in 4 rounds
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Latest Funding Round
$17 M (USD), Series B
Jun 28, 2018
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Investors
The Carlyle Group
& 2 more
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Employee Count
107
as on Dec 31, 2018
- Investments & Acquisitions
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Acquired by
The Carlyle Group
(Nov 23, 2023)
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Products & Services of GBTEC
GBTEC offers a comprehensive portfolio of products and services, including BIC Process Design, BIC EAM, BIC Process Execution, BIC Process Mining, and BIC GRC. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI-powered tool for process design and analysis
Platform for enterprise architecture and IT management
No-code system for automating business workflows
Tool for discovering and optimizing process data
Solution for enterprise risk and compliance management
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Funding Insights of GBTEC
GBTEC has successfully raised a total of $34M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $17 million completed in June 2018. 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 4
- Last Round Series B — $17.0M
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First Round
First Round
(09 Apr 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Series B - GBTEC | Valuation |
investors |
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| Oct, 2016 | Amount | Series A - GBTEC | Valuation |
investors |
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| Jan, 2016 | Amount | Series A - GBTEC | 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 GBTEC
GBTEC has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include The Carlyle Group, EDBI and Morado Ventures. 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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Government-backed investments are directed toward healthcare, fintech, and various sectors.
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Founded Year | Domain | Location | |
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US based VC firm investing in seed stage
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Founded Year | Domain | Location | |
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Private equity investments are directed toward multiple sectors.
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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 GBTEC
GBTEC has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include avedos GRC. 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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Integrated GRC management software is provided by avedos GRC.
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2005 |
| 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 - GBTEC
| 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 |
Gbtec Comparisons
Competitors of GBTEC
GBTEC 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 Palantir, Appian, NAVEX Global, AuditBoard and ProcessMaker, 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 |
Platform that provides data analysis and management solutions
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| domain | founded_year | HQ Location |
Cloud-based low-code platform enables application development and automation.
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| domain | founded_year | HQ Location |
Cloud-based ethics and compliance software is provided for risk management.
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| domain | founded_year | HQ Location |
Cloud-based GRC and audit management solutions are provided.
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| domain | founded_year | HQ Location |
Open source based BPM and workflow software
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| domain | founded_year | HQ Location |
Provider of solutions for third party risk management to banks
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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 Gbtec
Frequently Asked Questions about GBTEC
When was GBTEC founded?
GBTEC was founded in 2005 and raised its 1st funding round 9 years after it was founded.
Where is GBTEC located?
GBTEC is headquartered in Bochum, Germany. It is registered at Bochum, North Rhine-westphalia, Germany.
Who is the current CEO of GBTEC?
Gregor Greinke is the current CEO of GBTEC. They have also founded this company.
Is GBTEC a funded company?
GBTEC is a funded company, having raised a total of $34M across 4 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Apr 09, 2014.
How many employees does GBTEC have?
As of Dec 31, 2018, the latest employee count at GBTEC is 107.
What does GBTEC do?
Cloud-based business process management(BPM) software. It provides solutions such as BIC cloud design (modeling optimization), BIC cloud workflow (process execution), and BIC cloud monitor (process measurement monitoring). BIC cloud design offers solutions such as process modeling analysis, process portal, release cycle management, and document management. Also provides services such as process management consulting, product consulting, process management training, and business process modeling.
Who are the top competitors of GBTEC?
GBTEC's top competitors include Palantir, Appian and AuditBoard.
What products or services does GBTEC offer?
GBTEC offers BIC Process Design, BIC EAM, BIC Process Execution, BIC Process Mining, and BIC GRC.
How many acquisitions has GBTEC made?
GBTEC has made 1 acquisition, including avedos GRC.
Who are GBTEC's investors?
GBTEC has 3 investors. Key investors include The Carlyle Group, EDBI, and Morado Ventures.
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