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Finland’s M-Files raises $80 million, eyes on US growth

M-Files, Finnish intelligent information management company, has raised $80 million (€67 million) in an investment round led by European growth capital firm Bregal Milestone, with current investors Partech, Tesi and Draper Esprit also participating.

“We’ve identified opportunities to accelerate our growth and further expand M-Files’ market penetration, especially in North America,” said Antti Nivala, CEO and Founder of M-Files.

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Tampere-based M-Files provides an intelligent, repository neutral platform that utilizes metadata and artificial intelligence (AI) to break down information silos and unify systems, data and content across an organization. M-Files embeds within popular digital workplace platforms, including Microsoft 365, Salesforce and Google Workspace, enabling users to access and manage documents and information from the applications where they prefer to work.

“M-Files has a robust and cutting-edge solution that brings tangible value-add to its customers. We look forward to supporting management in accelerating growth and further consolidating M-Files’ leadership position, namely in the US and other key geographies,” Cyrus Shey, Managing Partner of Bregal Milestone.

From small and medium-sized businesses to large global enterprises, M-Files serves thousands of customers in over 100 countries, helping them increase efficiencies and drive productivity.  M-Files has more than 500 employees located across 11 global offices.

Bregal Milestone is a growth capital firm managing a €495 million pan-European fund dedicated to making investments in high-growth European companies. Bregal Milestone is part of Bregal Investments, who have invested over €15 billion to date.

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Previously on M-Files @ArcticStartup

April 2013: TAMPERE BASED M-FILES GETS €6 MILLION TO GLOBALLY EXPAND THEIR METADATA DRIVEN ENTERPRISE ECM
Aug 2013: DFJ ESPRIT’S SCOTT SAGE SHARES HIS THOUGHTS ON FINLAND, THE NORDICS
March 2016: FINNISH SOFTWARE COMPANY M-FILES GETS €33M INVESTMENT

 

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Jan Ameri
Jan Ameri
Entrepreneur-by-heart – and by actions since 1998. Being an expert in spotting new opportunities and creating new concepts, Jan has been a partner or co-founder in seven different companies in various industries. In the early 2000’s he was pioneering some of the very first WAP, SMS, and interactive TV based wireless games and fantasy sports games in the Nordic countries. Jan loves to watch Shark Tank and The Profit in his free time. And he is an FC Barcelona fan.

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