About Mendix
Mendix is a company based in Boston (United States) founded in 2005 was acquired by Siemens in August 2018.. Mendix has raised $38 million across 3 funding rounds from investors including Siemens, Battery Ventures and Prime Ventures. Mendix offers products and services including Mendix Platform and Mendix IDE. Mendix operates in a competitive market with competitors including Informatica, Jitterbit, MuleSoft, Appian and Bubble, among others.
- Headquarter Boston, United States
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Mendix Technology Bv
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Products & Services of Mendix
Mendix offers a comprehensive portfolio of products and services, including Mendix Platform and Mendix IDE. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables rapid building and deployment of applications using low-code methods.
Facilitates app development with AI tools and collaboration features.
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Software Development Team
76 people
Sales and Marketing
49 people
Product Management Team
34 people
Leadership Team
33 people
Operations Team
17 people
Senior Team
15 people
Finance and Accounting
10 people
Human Resources and Administration
10 people
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Funding Insights of Mendix
Mendix has successfully raised a total of $38M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $25 million completed in January 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $25.0M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2014 | Amount | Series B - Mendix | Valuation | Battery Ventures | |
| Oct, 2011 | Amount | Series A - Mendix | Valuation | Prime Ventures | |
| Jun, 2006 | Amount | Seed - Mendix | Valuation | henQ |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Mendix
Mendix has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Siemens, Battery Ventures and Prime Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in technology companies are conducted globally by Battery Ventures.
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Venture capital is invested in European technology sectors.
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Venture capital funding is provided to B2B software startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mendix
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Mendix
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mendix Comparisons
Competitors of Mendix
Mendix operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Informatica, Jitterbit, MuleSoft, Appian and Bubble, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud based enterprise data preparation and management platform
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API management software is provided for lifecycle development and monitoring.
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Cloud-based API management and integration solutions are offered.
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Cloud-based low-code platform enables application development and automation.
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Cloud-based no-code platform for web application development is utilized.
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Low-code platform enables application development and deployment without coding.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mendix
Frequently Asked Questions about Mendix
When was Mendix founded?
Mendix was founded in 2005 and raised its 1st funding round 1 year after it was founded.
Where is Mendix located?
Mendix is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Mendix a funded company?
Mendix is a funded company, having raised a total of $38M across 3 funding rounds to date.
What does Mendix do?
Mendix was founded in 2005 and is headquartered in Boston, United States. Operations focus on low-code platforms that allow applications to be built, integrated, and deployed without traditional coding. Collaboration between IT and business teams is facilitated through these tools. AI and machine learning are incorporated to support development processes. Key features include workflow automation and cloud-based deployment. Solutions are provided to sectors such as finance, manufacturing, banking, and retail.
Who are the top competitors of Mendix?
What products or services does Mendix offer?
Mendix offers Mendix Platform and Mendix IDE.
Who are Mendix's investors?
Mendix has 4 investors. Key investors include Siemens, Battery Ventures, Prime Ventures, and henQ vc.