# Applix

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/applix-2

- Industry: Software
- Headquarters: Cagliari, Italy
- Website: www.applixgroup.com
- Total disclosed funding: $4.1M
- Latest round: Series A (Oct 15, 2011)
- Investors on record: 2

## About

Applix, Inc. is a software company that provides innovative solutions to enhance business operations, optimize decision-making, and improve efficiency across various industries.Applix, Inc. operates in the software industry, focusing on delivering tailored solutions to its clients. Based in Cagliari, Italy, the company was founded by Mark Bell. It raised EUR 3.000 mn in Series A funding in October 2011 from Angel Capital Management and Xyence Capital, which constitutes its total funding to date. The company has executed a total of 2 deals since its inception, with its latest deal occurring on October 15, 2011.Applixgroup.com specializes in advanced software solutions designed to streamline business operations and enhance decision-making. Its products cater to critical needs such as data management, workflow automation, and analytics, serving customers in finance, healthcare, and manufacturing sectors. Applixgroup.com has established its presence in key markets across North America, Europe, and Asia, offering customizable solutions to address specific operational challenges.In the most recent fiscal year of 2019, Applix, Inc. recorded a revenue of EUR 3,658,718.50 and an EBITDA of EUR 799,865.20, reflecting its productivity and operational efficiency.Applix, Inc. plans to leverage its recent Series A funding of EUR 3.000 mn to support the development of new software products aimed at enhancing its market offerings. The company is targeting expansion into emerging markets in Asia and South America by 2023, focusing on regions with growing demand for advanced software solutions. The funding will be utilized for product development and to establish a stronger market presence internationally.

## Funding rounds

- Series A, Oct 15, 2011, $4.1M — Xyence Capital, Angel Capital Management

## Investors

- Xyence Capital (https://capitalatlas.ai/funds/xyence-capital) — Series A
- Angel Capital Management (https://capitalatlas.ai/funds/angel-capital-management) — Series A