Platform-as-a-Service Startup Mendix Pockets $13M Series A

[Updated 10/31/11 10:00 am. See below.] Mendix, a Boston-based developer of software platforms enabling business customers to develop, deploy, and manage applications, has announced its Series A round of funding. The $13 million financing was led by growth equity firm Prime Ventures, with participation by Mendix seed investor HENQ Invest. [Paragraph and headline updated because originally reported amount fluctuated due to the the value changes of the Euro, the currency the financing was based in.]

Mendix says it released its technology, which provides an alternative to custom mobile, cloud, and Web application development for companies, in 2007. The announcement says Mendix has attracted customers such as GE, Genzyme, and TNT. The newest Mendix funding will support the company’s international expansion and increasing its global sales staff. Prime Ventures partner Roel de Hoop will join the Mendix board as a result of the Series A deal.

Author: Erin Kutz

Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.