Financials

Estimates*

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Revenues, earnings & profits over time
EUR20152016
Revenues22.0m29.0m
% growth-32 %
Profit-(8.5m)
% profit margin-(29 %)
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DateInvestorsAmountRound
-

N/A

-

N/A

Seed

$13.0m

Series A

$25.0m

Series B
*

€628m

Valuation: €628m

Acquisition
Total FundingCAD51.8m

Recent News about Mendix

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More about Mendixinfo icon
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Mendix is a pioneering company in the field of low-code application development, offering a platform that allows businesses to create mobile and web applications quickly and efficiently. The company operates in the enterprise software market, catering to a wide range of clients, including professional developers, business leaders, IT managers, and even first-time developers. Mendix's platform is designed to be user-friendly, enabling individuals with varying levels of technical expertise to build robust applications.

The core of Mendix's business model revolves around its low-code development platform, which simplifies the app creation process by allowing users to build applications through a visual interface rather than traditional coding. This approach significantly reduces the time and cost associated with software development. Mendix offers its platform as a service, which means clients can access and use the platform over the internet without needing to install or maintain any software themselves.

Mendix makes money primarily through subscription fees for its platform. Clients can try the platform for free, but to access advanced features and scale their applications, they need to subscribe to one of Mendix's paid plans. These plans are typically structured to cater to different business needs, from small teams to large enterprises.

The company also emphasizes its ability to support digital transformation initiatives. By enabling rapid application development, Mendix helps businesses modernize their legacy systems, automate workflows, and create new digital experiences. The platform is cloud-based, ensuring that applications built on Mendix are portable, scalable, and resilient, capable of being deployed anywhere with just one click.

In summary, Mendix stands out in the enterprise software market by providing a versatile, low-code platform that empowers a diverse range of users to develop applications quickly and efficiently, driving digital transformation and innovation.

Keywords: Low-code, Application Development, Enterprise Software, Digital Transformation, Cloud-based, Subscription Model, Rapid Development, Visual Interface, Scalable Apps, Automation.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.