M-Files' mission is to transform how companies do business in the digital, work-from-anywhere world. M-Files’ AI-powered intelligent information management connects siloed systems, applications and repositories and provides a full view of all relevant information across an organization. This makes it possible to serve up the right information to the right people at the right time while maintaining complete control and compliance. From SMEs to global enterprises, M‑Files is a trusted partner to thousands of customers in more than 100 countries. It was also named a Visionary by Gartner in 2020 for the fifth consecutive year.
Our partnership with Antti Nivala and his management team began almost two years before we completed our investment in M-Files in 2021. Since first meeting Antti in 2019 we proactively supported M-Files on their go-to-market strategy as they successfully transitioned M-Files to SaaS and achieved significant size, scale, and growth. So, when Antti invited us to officially help him tackle the next challenge and accelerate his North American expansion, we were thrilled. We led an $80m round investment in early 2021, and immediately got to work. The partnership has gotten off to a super start as we continue our work supporting M-files' high growth and strong U.S. traction, cementing its position as a global market leader.