Itineris Raises $10M in Funding
Summary
Itineris, a Deurle, Belgium-based provider of operational software and services for the utilities sector, raised $10m in funding.The round was led by Gimv and Gimv Arkiv Tech Fund II, which collectively invested $7.5m with participation from Itineris CEO and founder Edgard Vermeersch and Flemish investor PMV each contributed an additional $1.25m.The company, has received investments of $25m to date, intends to use the funds for product innovation and capabilities expansion primarily in its core software.The company is a Microsoft Gold Partner and UMAX is fully integrated with Microsoft ERP platform Dynamics AX.In the USA, the company is located in Marietta, GA, and led by president John Beddingfield.
Funding
Amount
$10.0M
Total raised
Date
May 7, 2015
Announcement date
Investors
Gimv, Itineris
Lead investors
Company
http://www.itineris.net
Funded company
Classifications
industries
No industries detected
applications
Business Intelligence
AskAI Classifications
Labels
Software Development
Cloud-based SaaS Solutions
Customer Information System (CIS)
Linked Companies
Itineris
$1M to $5M