What is Mend?
Headquartered in New York City, New York, Mend operates as a pivotal player in the open-source security and license compliance management sector. The company provides a comprehensive platform designed to address the complexities of managing open-source components within software development lifecycles. By offering robust solutions for security vulnerabilities and license adherence, Mend empowers organizations to mitigate risks and ensure compliance, thereby fostering a more secure and efficient development environment.
How much funding has Mend raised?
Mend has raised a total of $132M across 5 funding rounds:
Series A
$1M
Series B
$10M
Series C
$35M
Other Financing Round
$11M
Series D
$75M
Series A (2013): $1M, investors not publicly disclosed
Series B (2017): $10M led by 83North and Microsoft Ventures
Series C (2018): $35M supported by Susquehanna Growth Equity, M12, and 83NORTH
Other Financing Round (2018): $11M featuring Susquehanna Growth Equity
Series D (2021): $75M backed by Pitango Venture Capital, 83North Ltd, M12, and Susquehanna International Group, LLP.
Key Investors in Mend
Pitango Venture Capital
Pitango is a venture capital firm that partners with visionary entrepreneurs and groundbreaking companies, supporting them from stealth mode to maturity. The firm operates through three funds: First, Growth, and HealthTech, focusing on exceptional founding teams.
M12
M12, Microsoft's Venture Fund, invests in enterprise software companies primarily in the Series A through C funding stages with a focus on applied AI, business applications, infrastructure, security, and vanguard technologies. As part of its value-add to portfolio companies, M12 offers unique access to strategic go-to-market resources and relationships globally.
Susquehanna Growth Equity
Founded in 2006, Susquehanna Growth Equity is a growth equity fund focused on software, SaaS, data, internet, healthcare technology, and financial technology. The company is headquartered in Bala Cynwyd, Pennsylvania.
What's next for Mend?
The recent major strategic investment signals a new phase of accelerated growth and market expansion for Mend. This capital infusion is expected to fuel further development of its core platform, enhance its security offerings, and broaden its market reach. Mend is strategically positioned to capitalize on the increasing demand for sophisticated open-source management tools, aiming to solidify its leadership in the cybersecurity and compliance technology landscape. Future initiatives will likely focus on deepening its technological capabilities and forging strategic partnerships to enhance its value proposition.
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