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M-Files Raised $7.8M Funds through DFJ Esprit

Apr 30 2013, 10:33am CDT | by , in News

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M-Files Raised $7.8M Funds through DFJ Esprit

M-Files raised a huge amount of money, 6 million euros ($7.8M) via DFJ Esprit. M-Files shows concerns to use this capital for the boost up of its growth plans in US and globally.

M-Files is a company from Finland that provides content management solutions through meta data. M-Files has raised $7.8 million (6 million euros) through DFJ Esprit. M-Files requires these funds for the global distribution and development of its cloud-based content management solutions that targets enterprise models through its and on-premise document and folder-less approach.

M-Files also announced during the fund raising scheme that Jim Geary, Bob Suh and Mikko Suonenlahti of DFJ Esprit are now serving company as its board of directors.

M-Files CEO Miika Mäkitalo says in a statement as reported in TechCrunch, “Think Enterprise Document Management 2.0, or the combined power of Dropbox AND Documentum but for enterprise-scale businesses.”

M-Files are originated from Tampere, Finland. But the company is having many famous US firms as their enterprise customers including the United Nations, SAS, Pandora, AstraZeneca, Northrop Grumman Corporation, Charles Schwab, Hecla Mining, and Hill+Knowlton.

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