Midaxo raises $1.6 mln

Midaxo said Tuesday it received $1.5 million euro (US$1.6 million) investment from from Seed Fund Vera (which operates under Finnvera plc), Hiidenkivi Investment and other private sources. Waltham, Massachusetts-based Midaxo provides M&A software.


WALTHAM, MA–(Marketwired – Mar 31, 2015) – Midaxo, the leader in mergers & acquisitions (M&A) software, announced today that it has received a combined 1.5 million euro investment from Seed Fund Vera (which operates under Finnvera plc), Hiidenkivi Investment, the lead angel investor, and other private sources. Also, in a separate news release issued today, the company announced that it has launched its award-winning M&A platform in the U.S. and established a North American subsidiary to better serve its U.S. customers.
Midaxo’s cloud-based M&A platform is the only easy-to-use and highly configurable solution for managing the entire M&A transaction lifecycle. With Midaxo, buy-side M&A professionals from some of the world’s leading companies have achieved complete transparency and control to make well-informed decisions, avoid risks and quickly capture merger synergies. Midaxo has well-known customers in the U.S. and Europe, and seeks continued growth in the Americas.
Hannu Jungman, manager at Finnvera, explained why Seed Fund Vera decided to invest in Midaxo: “In an easy and efficient way, Midaxo solves a significant problem for managing M&A transactions from target identification through post-merger integration. Some of the biggest companies in the world rely on Midaxo to support their biggest transactions. Impressed by Midaxo’s management and momentum, we are excited to support Midaxo in its continued growth, especially in the U.S.”
Ilkka Hiidenheimo, chairman of Hiidenkivi Investment Oy, shared his own experience: “I recently sold my network security company to a large acquirer. Had the buyer used Midaxo, the entire M&A process would have been much more structured and quicker. I am thrilled to invest in Midaxo, a driven company with a unique product and a track record of customer success. I look forward to seeing world-class M&A professionals use Midaxo to maximize their M&A value creation.”
“We are excited to welcome our newest investors with deep experience in M&A,” said Kaija Katariina Erkkilä, CEO of Midaxo. “The investment round enables us to speed up our growth — especially in the U.S. — and expand our development team.”
About Finnvera
Finnvera provides financing for the start, growth and internationalization of enterprises and guarantees against risks arising from exports. Finnvera strengthens the operating potential and competitiveness of Finnish enterprises by offering loans, domestic guarantees, venture capital investments, export credit guarantees and other services associated with the financing of exports. The risks included in financing are shared between Finnvera and other providers of financing. http://www.finnvera.fi/eng/Venture-Capital
About Midaxo
Midaxo is a global provider of an award-winning cloud-based platform that helps companies easily systematize and run their M&A and other complex management processes. Easy-to-use and highly configurable, Midaxo enables M&A professionals to manage their activities from deal sourcing and valuation through transaction and integration. With Midaxo, some of the world’s largest companies, including HP, Supreme Group, and Danfoss, enjoy complete visibility and control over critical M&A activities — and can quickly make well-informed decisions, avoid risks, and capture merger synergies. The company’s North American business, Midaxo, Inc., is located in Waltham, Mass.
More information can be found at www.midaxo.com
Twitter: @midaxo
LinkedIn: https://www.linkedin.com/company/midaxo-ltd