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.“
GCA Altium is the European business of GCA, a global investment bank that provides strategic M&A and capital markets advisory services to growth companies and market leaders. The firm offers worldwide coverage with over 400 professionals in 22 offices across America, Asia and Europe. Built by the people that run the business, GCA is a firm of experts who focus on deals that require commitment, original perspective, skill and exceptional networks.
For further information about GCA Altium, please visit www.gcaaltium.com