Mendix Obtains $25,000,000 Series B Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4f7e047f-547f-4e31-b130-2fd019397fd4
Date
1/23/2014
Company Name
Mendix
Mailing Address
374 Congress Street Boston, MA 02210
Company Description
Built on a combination of early academic research and personal frustration with the rigidity and complexity of traditional enterprise software, Mendix originated as a spin-off from the Technical University Delft and the Erasmus University of Rotterdam.
Website
http://www.mendix.com
Transaction Type
Venture Equity
Transaction Amount
$25,000,000
Transaction Round
Series B
Proceeds Purposes
The investment will fuel the company’s continued global expansion, product development and sales efforts, aggressively increasing its market share.
M&A Terms
Venture Investor
Battery Ventures
Venture Investor
Prime Ventures