Helsinki-based M&A software provider Midaxo secures €3.7 million Series A funding to fuel growth

Midaxo-startup

Midaxo, the global leader in mergers and acquisitions (M&A) software, has raised €3.7 million to drive the company’s continued growth. Sweden-based EOC Capital and Finnish Industry Investments (FII) led this A-round funding, with the existing investors joining in. In total, Midaxo has now raised approximately $7 million of capital.

Midaxo, which was founded in 2011, will use the investment to expedite product development and expand customer-facing activity across its offices in Amsterdam, Boston, Riga and its headquarters in Helsinki. The young company also aims to double its headcount to 60 by the end of 2017.

Midaxo’s cloud software helps acquirers succeed in M&A by driving a systematic and collaborative process from target identification to due diligence and integration. With Midaxo, acquirers simplify and digitize their M&A activity and minimize risks in deals that are often strategic, complicated, and time-critical. Enabling efficiency and compliance, Midaxo helps acquirers reach synergy targets faster and more accurately.

Today, Midaxo supports almost one hundred customers in the United States and Europe. Many of the world’s most innovative and sophisticated acquirers drive their digital M&A on Midaxo, including ADT, Hewlett-Packard Enterprise, Hitachi Rail, Philips, and PTC, for example.

Anders Brenner, EOC Capital’s Co-founder and Managing Director, notes that “With more than 15 years of experience and over 100 transactions, we are very familiar with the world of M&A.  It is easy for us to see how acquirers can immediately improve their M&A deal execution and capture synergies quicker with Midaxo.”