Midaxo is a Helsinki, Finland-based developer of a cloud M&A platform that enables companies to run M&A and corporate development projects from target identification and due diligence to integration. Led by CEO Ari Salonen and Head of Product Kalle Kilpi, the company serves hundreds of corporations, consultants, and private equity firms, including over 40 Fortune 1000 companies such as HP Enterprise, Philips, Daimler, and Verizon. Midaxo has 70 employees across four offices in Boston, Helsinki, Amsterdam, and Riga. In March 2018 it raised $16M in a Series B round led by Idinvest Partners with participation from existing institutional investors Tesi (Industry Investment) and EOC Capital, bringing total funding to $23M. The company plans to use the funds to expand its global reach after establishing its US base and to deploy artificial intelligence technology to assist and enhance customers' M&A activity. Midaxo provides cloud software for acquirers to systematize and collaborate on M&A activity, covering processes from target identification to due diligence and integration. The company is led by CEO Ari Salonen and supports almost 100 customers across the United States and Europe, including ADT, Hewlett-Packard Enterprise, Hitachi Rail, Philips, and PTC. Midaxo plans to use new capital to expedite product development and expand customer-facing activity across its offices in Amsterdam, Boston, Helsinki, and Riga. The company has raised approximately $7m in total funding to date. The product focus and customer base indicate enterprise-oriented M&A automation and process management capabilities. Midaxo is a London, UK-based provider of cloud-based M&A software for managing the entire M&A transaction lifecycle. Its platform targets buy-side M&A professionals, offering transparency and control to support informed decisions, risk avoidance and capture of merger synergies. The company serves customers in the U.S. and Europe, including HP, Supreme Group and Danfoss. Midaxo has launched its platform in the U.S. and established a North American subsidiary in Waltham, Mass to support growth in the Americas. It raised a combined €1.5m funding round and intends to use the funds to accelerate growth and expand the development team. The company is led by CEO Kaija Katariina Erkkilä.

Total raised

$22M

Funding rounds

3

Latest round

Series B

Latest activity

Mar 2018