American and Dutch investors put $25 mln into Mendix
6 February 2014

Lexence advised the Dutch/American software company Mendix and stockholder HENQ Invest on the raising of USD 25 million from several venture capital investors. 
Founded in Rotterdam, Mendix raised $25 million to continue its fast growth in the next few years. Most of the money is from an American venture capital investor, Battery Ventures, which, like Mendix, has its headquarters in Boston. Mendix provides software with which companies can quickly and easily realize new applications on the basis of existing IT systems. The company has been in existence for eight years and has doubled its turnover annually. “We’ve been growing fast for years and our ambition is to continue doing so,” said CEO Derek Roos.
An existing stockholder, the Dutch investment company Prime Ventures, is the other company that has now put money into Mendix. Two years ago Prime was the biggest financer in an investment round that resulted in $13 million for Mendix. The capital injection was accompanied by a transfer of the headquarters from Rotterdam to the American East Coast. The software company now employs 150 people and works for several hundred customers, including such big names as General Electric and ABN Amro. Mendix wants to hire another hundred employees this year, half of whom will work in the US and the other half in Europe, mostly in Rotterdam, where the product development division is located.

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