M-Files, a Finland-based company specializing in enterprise data and information management, has just raised $ 36 million (around € 31.8 million) from the French venture capital firm Partech Ventures, as the main investor, and Finnish Industry Investment and Draper Esprit.
Based in Tampere, Finland, and Dallas, United States, M-Files is developing a business document management platform (search, consultation, sharing, etc.), based in particular on file metadata. “The architecture used by M-Files makes it very easy to attach metadata to documents. The end user can thus search and consult documents according to their nature (what they are) and not to their saving location, which significantly improves their productivity ”, explains Partech Ventures in its press release.
Its solution compatible with other software or tools, such as Dropbox, Salesforce or even SAP. With its offer, M-Files claims several thousand customers in around 100 countries.
The objectives of the Start-up
Other players are also positioning themselves in this market, such as Alfresco, which raised 45 million dollars in 2014. With this new fundraising, M-Files wants to accelerate the marketing of its offer, in particular by launching into new markets.
CEO: Miika Mäkitalo
Offices: Tampere (Finland), Dallas (United States)
Activity: corporate document management platform
Funding: $ 36 million raised in March 2016