# Mendor

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mendor

- Industry: Medical Devices & Equipment
- Headquarters: Espoo, Finland
- Website: www.mendor.com
- Total disclosed funding: $12M
- Latest round: Series B (Jun 21, 2011)
- Investors on record: 5

## About

Mendor is a technology company focused on providing software solutions that enhance operational efficiency through project management, CRM, and data analytics services across various industries.Founded in 2005 and headquartered in Espoo, Finland, Mendor specializes in developing innovative software solutions. The company has successfully completed 6 deals, with the most recent being a GROWTH funding round on March 31, 2016, where it raised EUR 1.05 million from IPF Partners and i-SENS Inc.Mendor offers a range of software solutions that target project management, customer relationship management (CRM), and data analytics. These products are designed to meet the specific needs of clients across industries such as retail, healthcare, and finance, helping businesses streamline their operations and facilitate data-driven decision-making.In the most recent fiscal year, Mendor reported a revenue of EUR 2,604,994.80. The company's revenue model mainly revolves around subscription-based services that allow clients to choose from various pricing tiers, including basic, standard, and premium plans. This structure supports a steady revenue stream from both existing and new clients.Mendor plans to leverage the funds raised in the GROWTH round to develop new software products and expand into new markets. The company aims to introduce additional features for its existing product line and is targeting expansion into North America and Europe by the end of 2017. The recent funding will be utilized to support these initiatives and enhance its market presence.

## Funding rounds

- Series B, Jun 21, 2011, $12M — EQT Life Sciences, Ilmarinen Mutual Pension Insurance Company, Tesi, Finnvera, Biothom

## Investors

- EQT Life Sciences (https://capitalatlas.ai/funds/eqt-life-sciences) — Series B
- Ilmarinen Mutual Pension Insurance Company — Series B
- Tesi (https://capitalatlas.ai/funds/tesi) — Series B
- Finnvera (https://capitalatlas.ai/funds/finnvera) — Series B
- Biothom — Series B