Transaction
Mendix raises €9m
Date
November , 2011
Sectors
PaaS
Deal type
Private Placement
Deal locations
Netherlands
Deal Team
_JPG.avif)
Sandrine
Vergnory-Mion
M&A Advisory
Background
-
Mendix is a leading Agile Business Platform Provider, serving enterprise clients requiring flexible high-end custom applications that extend existing IT systems. Launched in Rotterdam in 2007, the company is growing at fast pace and has established presence in the US, the UK and South Africa. It counts 85 employees and has experienced consistent triple digit growth year over year.
-
Prime Ventures is a leading venture capital and growth equity firm focusing on investing in European companies in the technology and related industries and leverages its capital, experience and network to actively guide them into global category leaders. The firm has invested in companies in the Benelux countries, United Kingdom, France, Finland and Sweden. From its offices in The Netherlands and the UK, the independent partnership manages over 275 million euro in committed capital.
-
HENQ Invest is a venture capital firm based in the Netherlands, providing professional support for early stage technology companies / entrepreneurs, predominantly in ICT / New Media / Mobile / Software sectors.
Process
-
Mendix, a leader in the PaaS market, closed a €9m round of financing. The round was led by European venture firm Prime Ventures, with HENQ Invest following on its earlier seed investment. The investment will support Mendix' international expansion and fuel its global sales efforts both direct and through a growing network of partners.