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Susquehanna Growth Equity invests $44m in Sievo

Sievo, a procurement analytics SaaS provider for data-driven enterprises, today announced it has raised $44 million in growth investment from Susquehanna Growth Equity (SGE), an entrepreneur-centric growth equity firm exclusively focused on software and information services.

This partnership marks Sievo’s first institutional investment since its founding in 2003. In conjunction with the transaction, Ben Weinberg and Aneesha Raghunathan from SGE will join the Company’s Board of Directors.
   
Through its partnership with SGE, Sievo will grow its US presence from its Chicago office, with plans to scale both its team and client base within the US market. The Company will also continue to focus on building out its strong position in the European market. Additionally, Sievo will scale its product portfolio and roll out new services to ensure clients continue to have access to the fastest and most reliable data in all aspects of their procurement, covering spending, savings, risk, and sustainability business decisions.
 

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