What is Mend?
Headquartered in New York City, New York, Mend operates as a platform focused on [GenericData{classInfo=[f], {value=open source security and license compliance management, type=2, rank=1}}]. The company's solutions are designed to address critical needs in software development and security, enabling organizations to manage open-source components effectively and ensure compliance with licensing requirements. Mend's strategic positioning in the cybersecurity and developer tools market highlights its role in supporting modern software supply chains.
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 Microsoft Ventures and 83North
Other Financing Round (2018): $11M supported by Susquehanna Growth Equity
Series C (2018): $35M featuring M12, Susquehanna Growth Equity, and 83NORTH
Series D (2021): $75M backed by M12, Pitango Venture Capital, 83North Ltd, and Susquehanna International Group, LLP.
Key Investors in Mend
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.
83North Ltd
83North is a global venture capital firm managing over $2.2 billion, investing in exceptional entrepreneurs at all stages to build category-leading companies. The firm has a diverse portfolio with 90 companies and has achieved 33 exits and 14 unicorns since its inception. 83North focuses on supporting innovative startups across various sectors, helping them scale and succeed in the global market. Their investment philosophy emphasizes collaboration and a unique approach to fostering growth.
What's next for Mend?
With the recent infusion of capital, Mend is poised for accelerated growth and market penetration. The company's focus on enterprise-level solutions suggests a strategic push towards larger clients and more comprehensive security offerings. Future developments are likely to include enhancements to its platform's capabilities, expansion into new geographical markets, and potential strategic partnerships to broaden its ecosystem. The sustained backing from prominent investors indicates strong confidence in Mend's business model and its potential to lead in the open-source security space.
See full Mend company page
