September 24, 2019
GCA Altium advises In Mind Cloud on its growth financing
GCA Altium acted as exclusive financial advisor to In Mind Cloud, a fast-growing provider of a cloud-based manufacturing sales platform, on its EUR 16m growth investment led by Digital+ Partners, a leading technology growth investor.
Founded in 2012, In Mind Cloud offers a next-generation ‘Manufacturing X’ sales platform, which combines the power of CRM and CPQ (Configure, Price, Quote) with real-time manufacturing data, workflows and business intelligence. Manufacturing companies around the globe already rely on the platform to optimise their business models, achieving a step-change in top-line growth whilst also reducing production error rates and processing times by a factor of three.
Blue-chip customers across multiple manufacturing verticals such as Benteler in Germany, Mindray Medical in China and Netafim in Israel make use of In Mind Cloud’s platform. The total transaction volume on the ‘Manufacturing X’ platform has already exceeded USD 100m per week, highlighting how In Mind Cloud’s platform is emerging as the industry standard backbone for manufacturing CRM.
With the Series B funding, In Mind Cloud is now looking to capitalise on its strong growth momentum and build up its sales & marketing organisation across China, Germany and the US, whilst also continuing to make significant investments in global customer support and accelerating the company’s ambitious technology roadmap.
Mathias Heymann, Director at GCA Altium, said: “There is a strong need for vertical CRM solutions in the manufacturing industry and I am convinced that In Mind Cloud will continue its strong growth story and will benefit from Digital+ Partners’ industry experience as a leading technology growth investor."