Minit a Process Mining software company has raised €7 Million in Series A funding led by Target Global with participation from Salesforce Ventures and existing investors, to facilitate further product development and expansion into new markets including the US.
Establishment in 2017, the firm builds an intuitive Process Mining software that gives information to its enterprise customers’ insights into the complex processes like order-to-cash, procure-to-pay, customer journey or service delivery – and more importantly how these can be improved.
The software is designed to show the bottlenecks and inefficiency in the processes in order to save their 500 and 1000 client’s time and money.
Rasto Hlavac, Minit’s founder and CEO said, ” Minit’s mission is to create fully transparent operations for large enterprises based on what is really going on in their business.”
“We empower people at every level to understand what is going on in the organization, and more importantly how they can make it better.”
“We’re lucky to have the extensive operational experience of Target Global and strategic reach of Salesforce Ventures now supporting us, and we’re excited to see our next phase of growth.”
Yaron Valler, the general partner at Target Global, added:
“With a superior product that is already leading in a rapidly growing market, Minit’s potential is significant.
“Across every industry, businesses require the functional tools to streamline operations, and Minit’s easily integrated tool that empowers anyone in the business to visualize how they can improve their operations is impressive.
“We’re excited to be supporting the company in its next stage of growth and global expansion.”