# Lemongrass Consulting

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lemongrass-consulting

- Industry: Software
- Headquarters: Reading, UK
- Website: www.lemongrassconsulting.com
- Total disclosed funding: $10M
- Latest round: Series C (Jan 14, 2020)
- Investors on record: 2

## About

Lemongrass Consulting Ltd is a provider of software-enabled services focused on optimizing SAP ownership within hyperscale cloud environments, delivering solutions that enhance efficiency and streamline operations for large enterprises.Founded in 2008 in Reading, UK, Lemongrass Consulting Ltd specializes in SAP migration services and cloud strategy consulting. The company was led by founder Eamonn O'Neill, with Michael Rosenbloom serving as CEO. In January 2020, Lemongrass raised USD 10 mn in Series C funding led by Blue Lagoon Capital and participated in by Columbia Capital, bringing the total amount raised to USD 10 mn. The company has successfully completed one deal to date, indicating a streamlined focus on its core service offerings.Lemongrass Cloud specializes in software-enabled services that optimize the SAP ownership experience in hyperscale cloud environments. Their offerings include SAP migration services, cloud strategy consulting, and managed services aimed at enhancing efficiency and ensuring optimal SAP system performance. The company has extensive experience migrating over 8,000 enterprise SAP systems, assisting clients like McKesson in transitioning to cloud platforms such as AWS, Microsoft Azure, and Google Cloud. Their client base spans various industries, including healthcare, manufacturing, and finance, and they cater to organizations primarily in North America, Europe, and Asia-Pacific.In the most recent year, 2023, Lemongrass Cloud reported a revenue of USD 66.37 mn, with an EBITDA of USD -7.35 mn. Their revenue model includes subscription-based services and consulting engagements, focusing on long-term partnerships with clients for comprehensive cloud strategy assessments and ongoing support packages.Looking ahead, Lemongrass Consulting Ltd is strategically positioning itself for growth by utilizing funds from their most recent Series C funding round to further develop their product offerings and expand into new markets. With continued focus on enhancing their SAP migration services, they plan to target additional geographic regions for expansion. This could include deeper penetration into markets in Asia-Pacific, with specific initiatives aiming to be implemented by 2024. The recent funding of USD 10 mn will support these initiatives, including the design and launch of new products to better serve their clients' cloud strategy needs.

## Funding rounds

- Series C, Jan 14, 2020, $10M — Columbia Capital, Blue Lagoon Capital

## Investors

- Columbia Capital (https://capitalatlas.ai/funds/columbia-capital) — Series C
- Blue Lagoon Capital (https://capitalatlas.ai/funds/blue-lagoon-capital) — Series C