Mendix
Latest round
- Series B
Last raised
- Jan 2014
Total raised
- $38M
Investors
- 3
About Mendix
Mendix Inc.Founded in 2005, Mendix Inc. is headquartered in Boston, US and specializes in low-code development platforms. The company was co-founded by Derckjan Kruit and Derek Roos, who has a history of entrepreneurship in the tech sector.Mendix for Financial Services is a low-code application development platform designed to facilitate rapid digital transformation within the financial sector. Its core offerings include templates for customer onboarding, compliance tracking, and mortgage origination, which streamline complex processes and enhance user experiences. The platform enables financial institutions to create enterprise-wide ecosystems through composability and reusability, allowing for quick deployment and integration of customized solutions. Key use cases include improving customer onboarding efficiency and automating complaint resolution processes, supporting organizations in delivering exceptional customer and employee experiences.Mendix operates on a subscription-based revenue model, providing its clients with access to its platform and services. Revenue is generated through partnerships with financial institutions that leverage Mendix's low-code solutions to enhance operational efficiency and customer engagement. Clients typically engage with Mendix by subscribing to its platform, which includes various flagship services such as the Customer Onboarding Template and Compliance Complaint Tracker. These offerings are tailored to meet specific needs within the financial services landscape, allowing for customized pricing structures based on the scale and requirements of the deploying organization.Mendix plans to leverage its recent acquisition by Siemens to enhance its product offerings and expand into additional markets. Specifically, the company is focusing on launching new features designed to improve user experience within the financial services sector, although specific release dates for these products have not been disclosed.
Who invested in Mendix
3 investors across 3 rounds
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Questions about Mendix
Who invested in Mendix?
Mendix has 3 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Mendix raised?
Mendix has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Mendix last raise money?
Mendix's most recent round on record is a Series B, in Jan 2014.
What does Mendix do?
Mendix is a software company.
Where is Mendix headquartered?
Mendix is headquartered in Boston, US.
Which VCs invest in companies like Mendix?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Mendix's stage. Their profiles are linked below.
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