# OutSystems funding: rounds and investors

> OutSystems has raised $421M across 4 rounds since 2005. Investors include PME Investimentos, North Bridge Growth Equity and Goldman Sachs.

Source: https://millionrounds.com/company/outsystems (Millionrounds; every figure on the page links to its filing or article)

Portugal · [Funded startup](https://millionrounds.com/companies)

# Who invested in *OutSystems*

4 rounds we have observed, with the 9 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

IT Services

Valuation: $4.3B, Mar 2026

Funding summary Updated 26 Oct 2026

**$421M** raised across 4 rounds since 2005, from 4 sources

**$2.9M** Series B **$3.2M** Series B **$55M** Round **$360M** Round

- **Latest round:** Round, $360M Jun 2018
- **Step-up i:** 6.5×
- **Investors:** 9 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2005 2007 2009 2011 2013 2015 2017

**$2.9M** Series B

**$3.2M** Series B

**$55M** Round

**$360M** Round

- **First round:** Series B, $2.9M
- **Biggest round:** $360M
- **Usual gap between rounds:** 2.3 years

## The rounds

- **Jun 2018** Round **$360M** *2 new* [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) [KKR](https://millionrounds.com/fund/kkr) Reported by FinSMEs
- **Feb 2016** Round **$55M** *5 new* *1 returning* North Bridge Growth Equity Lead [PME Investimentos](https://millionrounds.com/fund/pme-investimentos) Espírito Santo Ventures Inovcapital NeSBIC Groep Portugal Capital Ventures Source recorded
- **Jun 2007** Series B **$3.2M** *1 new* [Espí­rito Santo Ventures](https://millionrounds.com/fund/espi-rito-santo-ventures) Reported by outsystems.com
- **Mar 2005** Series B **$2.9M** *1 new* [PME Investimentos](https://millionrounds.com/fund/pme-investimentos) From a historical funding record

## Founders and team

From OutSystems's own website: 2 founders, 11 on the team.

**Paulo Rosado** Founder & Chairman of the Board, OutSystems

**Rui Pereira** Co-Founder, OutSystems

- **Woodson Martin** Chief Executive Officer
- **Chikara Teshima** President and Representative Director of OutSystems Japan
- **Text Link** OutSystems CEO
- **Fay Sien Goon** Chief Financial Officer
- **Kim Seabrook** Chief Revenue Officer
- **Kris Lande** Chief Marketing Officer
- **Luis Blando** Chief Product and Technology Officer
- **Mariana Quintanilha** Chief of Staff
- **Mark Quigley** Chief People Officer
- **Tiago Azevedo** Chief Information Officer
- **June Duchesne** General Counsel

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series B** 2005 **Series B** 2007 **Round** 2016 **Round** 2018 [PME Investimentos](https://millionrounds.com/fund/pme-investimentos) North Bridge Growth Equity L [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) [KKR](https://millionrounds.com/fund/kkr) [Espí­rito Santo Ventures](https://millionrounds.com/fund/espi-rito-santo-ventures) Espírito Santo Ventures Inovcapital NeSBIC Groep Portugal Capital Ventures

## Everyone who backed them

[PME Investimentos](https://millionrounds.com/fund/pme-investimentos) Fund of funds **2** rounds

North Bridge Growth Equity no record of our own yet **1** round, led 1

[Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) Private equity **1** round

[KKR](https://millionrounds.com/fund/kkr) VC firm **1** round

[Espí­rito Santo Ventures](https://millionrounds.com/fund/espi-rito-santo-ventures) VC firm **1** round

Espírito Santo Ventures no record of our own yet **1** round

Inovcapital no record of our own yet **1** round

NeSBIC Groep no record of our own yet **1** round

Portugal Capital Ventures no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=outsystems).

## Quick answers about OutSystems

### Who invested in OutSystems?

OutSystems's investors include PME Investimentos, North Bridge Growth Equity, Goldman Sachs, KKR and Espí­rito Santo Ventures, and 4 more on record.

### How much has OutSystems raised?

OutSystems has raised $421M across 4 rounds since 2005.

### When did OutSystems last raise?

OutSystems's most recent round was an Undisclosed round of $360M in Jun 2018.

### What was OutSystems's biggest round?

Its most recent round, $360M in Jun 2018, is also its largest on record.

### Who backed OutSystems first?

OutSystems's first round on record, in Mar 2005, was backed by PME Investimentos.

### What stage is OutSystems at?

OutSystems's latest named round is an Undisclosed round, in Jun 2018.

### Where is OutSystems based?

OutSystems is based in Portugal.

### Who led OutSystems's rounds?

North Bridge Growth Equity led the funding round in 2016.

## Companies like OutSystems

In the same sector, and raised in the last eighteen months.

[**Kaminashi** $14M · Oct 2026](https://millionrounds.com/company/kaminashi)[**Chariot Claims** $23M · Oct 2026](https://millionrounds.com/company/chariot-claims)[**Subeca** $9.0M · Oct 2026](https://millionrounds.com/company/subeca)[**FlexCompute** $53M · Oct 2026](https://millionrounds.com/company/flexcompute)[**OllyGarden** $5.6M · Oct 2026](https://millionrounds.com/company/ollygarden)[**Negosh** $3.1M · Oct 2026](https://millionrounds.com/company/negosh)

## Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.

Open the investor searchOr these rounds in the app
