M-Files, the intelligent information management company, announced today that it has received a strategic investment of € 67 million.
Bregal Milestone, a European growth capital firm, led the round, with current investors Partech, Tesi and Draper Esprit also taking part.
Cyrus Shey (Bregal Milestone, left) could not be more proud to partner with Antti Nivala (right) and M-Files
M-Files provides an intelligent, storage-neutral platform that leverages metadata and artificial intelligence (AI) to break down information silos and gather systems, data, and content across the organization. M-Files seamlessly integrates with popular digital workplace platforms, including Microsoft 365, Salesforce, and Google Workspace, allowing users to access and manage documents and information from the applications where they prefer to work.
From small and medium-sized businesses to large global companies, M-Files is a trusted partner for thousands of customers in over 100 countries, helping them increase efficiency and drive productivity. M-Files has more than 500 employees in 11 global offices. The company’s software-as-a-service (SaaS) business model continues to promote its strong growth. M-Files has been included in the Gartner Magic Quadrant for Content Services Platforms (formerly Enterprise Content Management) since 2012 and was named a visionary for the past five years.
Antti Nivala, CEO and Founder of M-Files:
“Bregal Milestone’s extensive experience in investing in the B2B software sector and their philosophy of collaborating with fast-growing companies such as M-Files made the company an attractive investment partner. We have identified opportunities to accelerate our growth and further expand M-File’s market penetration, particularly in North America. Bregal Milestone’s valuable investment, backed by our current shareholders Partech, Tesi and Draper Esprit, will enable M-Files to deliver further innovations in product development, AI and our cloud platform. ”
Cyrus Shey, Managing Partner of Bregal Milestone:
“We are excited to partner with the M-Files team to support Antti and his team on their exciting growth journey. M-Files has a robust and groundbreaking solution that gives their customers concrete added value. We look forward to supporting management to accelerate growth and further consolidate M-Files’ leadership position, particularly in the United States and other key geographic areas. The transaction is Bregal Milestone’s initial growth capital fund’s 9th investment in just over 2 years, and we could not be more proud to partner with Antti and the world-class M-Files team. ”
Source: IT-Kanalen by it-kanalen.dk.
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