What is Rimini Street?
Founded in 2005 and headquartered in Las Vegas, Nevada, Rimini Street offers comprehensive enterprise software support, encompassing account management, global security, and application management. The company has historically pursued a mixed strategy of debt financing and private equity, indicating a focus on both operational scaling and strategic financial maneuvering. Its funding history, stretching back to 2007, shows a consistent need for capital to fuel its expansion and service offerings in the competitive enterprise software support sector.
How much funding has Rimini Street raised?
Rimini Street has raised a total of $296M across 6 funding rounds:
Series A
$4M
Debt
$2M
Series B
$10M
Debt
$15M
Private Equity
$125M
Debt
$140M
Series A (2007): $4M with participation from Undisclosed
Debt (2008): $2M led by RBC Dain Rausher
Series B (2009): $10M supported by Undisclosed
Debt (2013): $15M featuring Bridge Bank
Private Equity (2016): $125M backed by Colbeck Capital
Debt (2018): $140M with participation from Undisclosed
Key Investors in Rimini Street
Colbeck Capital
Colbeck Capital is a private equity firm that has provided significant backing to Rimini Street, indicating a focus on growth-stage companies with strong market potential.
Bridge Bank
Bridge Bank, a commercial bank, has offered debt financing to Rimini Street, suggesting a role in supporting the company's operational and expansionary capital needs.
Undisclosed Investors
What's next for Rimini Street?
The substantial enterprise-level funding and recent strategic investment suggest Rimini Street is poised for accelerated growth and market expansion. This capital infusion is likely to be directed towards enhancing its service portfolio, expanding its global reach, and potentially exploring new technology integrations. The company's established track record in providing third-party support for enterprise software positions it to capitalize on market trends favoring cost-efficiency and extended software lifecycle management. Future developments may include strategic partnerships or acquisitions to further solidify its market leadership.
See full Rimini Street company page
