[Funding] M-Files Secures €67 Million Growth Investment Led by Bregal Milestone

M-Files Corporation is an intelligent information management company. The startup today announced that it has received a strategic investment of €67 million led by Bregal Milestone. The European growth capital firm led the round with current investors Partech, Tesi and Draper Esprit also participating. The company will use the funds to further innovations in product development, AI and the cloud platform.

About M-Files

The startup provides an intelligent, repository neutral platform that utilises metadata and AI to break down information silos and unify systems, data and content across an organisation. Its customers include digital workplace platforms. Some major names include Microsoft 365, Salesforce and Google Workspace. The startup enables users to access and manage documents and information from the applications where they prefer to work. M-Files has more than 500 employees located across 11 global offices. The company’s SaaS business model continues to propel its strong growth.

From the leaders

Antti Nivala, CEO and Founder of M-Files praised Bregal Milestone’s investments in the B2B enterprise software sector. He said, "Their philosophy in partnering with fast-growing companies like ours made the firm an attractive investment partner. We’ve identified opportunities to accelerate our growth. Thus, we will further expand M-Files’ market penetration, especially in North America. The valuable investment from Bregal Milestone, bolstered by support from our existing shareholders Partech, Tesi and Draper Esprit, will enable M-Files to deliver further innovations in product development, AI and our cloud platform.”

Cyrus Shey, Managing Partner of Bregal Milestone said, “We are thrilled to partner with the M-Files team to support Antti and his team on their very exciting growth journey. M-Files has a robust and cutting-edge solution that brings tangible value-add to its customers. We look forward to supporting management in accelerating growth and further consolidating its leadership position, namely in the US and other key geographies. The transaction is the 9th investment made by Bregal Milestone’s inaugural growth capital fund in just over two years, and we couldn’t be more proud to partner with Antti and the world-class M-Files team.”