Ropes & Gray represented Abdiel Capital Advisors as the co-lead investor in the transaction.
OutSystems, the leading modern application platform, announced a $150 million capital raise. The round, co-led by Abdiel Capital and Tiger Global, values OutSystems at $9.5 billion. The funding will be used to expand investment in OutSystems research and develop and go-to-market strategy.
This investment follows a year that saw OutSystems expand with customers in 87 countries, more than 1,300 employees worldwide, and partnerships with 350 organizations including AWS, Deloitte, and Infosys.
Founded in 2006, Abdiel Capital Advisors, LP is a value investment firm based in New York.
The Ropes & Gray team advising Abdiel Capital Advisors was led by venture capital & emerging companies partner Brad Flint (Picture) and associate Adam Stein (both of Boston).
Law Firms: Ropes & Gray;
Clients: Abdiel Capital Advisors;