Mendix Closes $25M Series B Funding
Summary
Mendix, a Boston, MA-based app platform company for the enterprise, closed a $25m Series B funding.The company intends to use the funds for global expansion, product development and sales efforts.Led by Derek Roos, CEO and co-founder, Mendix provides an app platform (Mendix 5) for companies to build, integrate and deploy web and mobile applications faster than traditional development methods via features that accelerate delivery.It is used by large enterprises worldwide, including ABN Amro, Sprint, Dun & Bradstreet, Genzyme, KPN, Liberty Mutual, LV=, Roche and TNT.Mendix has offices in Rotterdam, the Netherlands, United Kingdom, and South Africa.
Funding
Amount
$25.0M
Total raised
Date
January 23, 2014
Announcement date
Investors
Prime Ventures, Battery Ventures
Lead investors
Company
http://www.mendix.com
Funded company
Classifications
industries
Services
applications
Data Management
AskAI Classifications
Labels
Low-Code Development Platforms
Application Development Software
Enterprise Software
Linked Companies
Mendix
$100M to $250M