About MindBridge
MindBridge is a company based in Ottawa (Canada) founded in 2015.. MindBridge has raised $81.17 million across 5 funding rounds from investors including National Bank of Canada, Innovation, Science and Economic Development Canada and PSG Equity. MindBridge has completed 1 acquisition, including Brevis. MindBridge offers products and services including General Ledger Analysis, Customer Analysis, Payroll Analysis, Travel & Expense Analysis, and Vendor Analysis. MindBridge operates in a competitive market with competitors including Fieldguide, DataSnipper, Valid8 Financial, AuditFile and CrediWire, among others.
- Headquarter Ottawa, Canada
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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 Mindbridge Analytics Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$81.17 M (USD)
in 5 rounds
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Latest Funding Round
$60 M (USD), Series C
Jul 25, 2023
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Investors
National Bank of Canada
& 8 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of MindBridge
MindBridge offers a comprehensive portfolio of products and services, including General Ledger Analysis, Customer Analysis, Payroll Analysis, Travel & Expense Analysis, and Vendor Analysis. 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.
Identifies anomalies in financial ledgers for holistic risk oversight.
Assesses revenue risks and unexpected activities in transactions.
Reduces losses from inaccurate or fraudulent payroll allocations.
Uncovers anomalies in travel and company card transactions.
Mitigates risks from incomplete or inaccurate vendor invoices.
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Funding Insights of MindBridge
MindBridge has successfully raised a total of $81.17M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $60 million completed in July 2023. 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 5
- Last Round Series C — $60.0M
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First Round
First Round
(19 Jun 2017)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2023 | Amount | Series C - MindBridge | Valuation | PSG |
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| Jun, 2019 | Amount | Grant - MindBridge | Valuation |
investors |
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| Jun, 2019 | Amount | Series B - MindBridge | Valuation | PeakSpan |
| 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 |
Investors in MindBridge
MindBridge has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include National Bank of Canada, Innovation, Science and Economic Development Canada and PSG Equity. 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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Capital and operational support are provided to growth-stage software companies.
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Founded Year | Domain | Location | |
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Venture capital firm focused on B2B software growth-stage companies.
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided to Canadian technology startups by Real Ventures.
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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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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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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 MindBridge
MindBridge has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Brevis. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based practice management software is offered for accountants.
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - MindBridge
| 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 |
Mindbridge Comparisons
Competitors of MindBridge
MindBridge 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 Fieldguide, DataSnipper, Valid8 Financial, AuditFile and CrediWire, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Workflow management and audit automation solutions for accounting and audit firms
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| domain | founded_year | HQ Location |
Audit management solutions for audit firms
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| domain | founded_year | HQ Location |
Cloud-based audit automation and fraud investigation solutions for auditors
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| domain | founded_year | HQ Location |
Cloud-based auditing solutions for CPA firms are automated.
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| domain | founded_year | HQ Location |
Cloud-based financial data optimization for SMEs is offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mindbridge
Frequently Asked Questions about MindBridge
When was MindBridge founded?
MindBridge was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is MindBridge located?
MindBridge is headquartered in Ottawa, Canada. It is registered at Ottawa, Ontario, Canada.
Who is the current CEO of MindBridge?
Eli Fathi is the current CEO of MindBridge.
Is MindBridge a funded company?
MindBridge is a funded company, having raised a total of $81.17M across 5 funding rounds to date. The company's 1st funding round was a Grant of $10.93M, raised on Jun 19, 2017.
What does MindBridge do?
MindBridge was founded in 2015 and is headquartered in Ottawa, Canada. Operations focus on the financial technology sector, where AI-based platforms are utilized for risk assessment. Real-time data analytics, pattern recognition, and anomaly detection are employed to identify errors and risks in financial data. Services encompass comprehensive data analysis and risk identification solutions tailored for organizations handling large datasets.
Who are the top competitors of MindBridge?
MindBridge's top competitors include Fieldguide, DataSnipper and Datricks.
What products or services does MindBridge offer?
MindBridge offers General Ledger Analysis, Customer Analysis, Payroll Analysis, Travel & Expense Analysis, and Vendor Analysis.
How many acquisitions has MindBridge made?
MindBridge has made 1 acquisition, including Brevis.
Who are MindBridge's investors?
MindBridge has 9 investors. Key investors include National Bank of Canada, Innovation, Science and Economic Development Canada, PSG Equity, PeakSpan Capital, and Real Ventures.
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