Mendix raises $13M in Series A funding led by Prime Ventures



Mendix, a leader in PaaS (Platform-as-a -Service) market, has raised $13 million in Series A round of financing. It was led by Prime Ventures with HENQ Invest chipping in again after its earlier seed investment in Mendix.

The company said the funds would be used to support the company’s international expansion and fuel its global sales efforts. Mendix will also use some of the funds to further strengthen and build upon its partner network and user community. So, better marketing and global sales are the two targets that Mendix looks to achieve in the near future.

Prime Ventures’ Roel de Hoop will join Mendix’s board of directors as part of the financing deal.

Mendix last launched its product in 2007 and has remained profitable. It has experienced triple digit revenue growth every year. It acquired and retained customers such as GE, TNT and Genzyme.

According to Sake Bosch, managing partner at Prime Ventures, “Mendix is at the intersection of several IT trends including PaaS, agile development and app stores. These trends, combined with their innovative technology and collaborative approach to aligning the business and IT sides of an organization, enable them to deliver real business value to their customers.”

“We are living in an app driven world, where time to market and flexibility to change are key competitive advantages. Mendix is leading this trend, and we are very excited to support them with our experience and network to build a global success,” he added.

Mendix is a Dutch software company and has its U.S. headquarters in Boston apart from locations in the U.K. and South Africa. According to the company, it has more than twenty thousand users from all around the world.