SOURCE: Midaxo


November 14, 2016 08:00 ET

Digital M&A leader Midaxo raises $4M in A-round funding to fuel growth

BOSTON, MA--(Marketwired - November 14, 2016) - Midaxo, the global leader in mergers and acquisitions (M&A) software, has raised $4 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. To date, Midaxo has raised approximately $7 million of capital. Midaxo will use the investment to expedite product development and expand customer-facing activity across its offices in Amsterdam, Boston, Helsinki, and Riga.

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."

"Midaxo digitizes the way acquirers manage their M&A deals from beginning to end. The company is a must-have enabler for building institutional M&A capability. We are investing in Midaxo because it is the clear leader in this rapidly growing segment," says Keith Bonnici, Investment Director at FII.

Ari Salonen, Midaxo's Boston-based CEO, adds: "With this investment, we can continue our rapid growth and strengthen our support for thought-leading acquirers worldwide. We are excited to have EOC Capital and FII join us on this important journey."

Finnish Industry Investment Ltd. is an investment company accelerating success stories through funds and direct investments. and @TesiFII

EOC Capital is a Swedish investment firm with a focus on growing Nordic technology businesses.

Midaxo's cloud software helps acquirers succeed in M&A by driving an efficient process from target identification and due diligence through integration. and @Midaxo

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