Software company raises €7m in Series A funding to expand globally

A process mining software company will use the funding to introduce unique features to its customers and expand its operations globally.

Provider Minit has raised €7m in a Series A funding round led by Target Global to facilitate further product development and expansion into new markets, including the US.

Founded in 2017, Minit builds intuitive Process Mining software that gives its enterprise customers insight into complex processes - like order-to-cash, procure-to-pay, customer journey or service delivery – and more importantly how these can be improved.

Minit’s newest, unique technology, Hierarchical Process Mining, helps to maximise the ROI in Robotic Process Automation projects, and the funding will be used to further increase the company’s outreach, along with boosting the technology behind Minit’s software, including adding new features such as predictive analytics, simulations and Minit cloud.

Rasto Hlavac, founder and CEO at Minit,.said: “Minit’s mission is to create fully transparent operations for large enterprises based on what is really going on in their business.

“This funding means Minit can help even more enterprises across the globe to introduce process transparency and understanding to improve operations from the ground up.”

Yaron Valler, general partner at Target Global, added: “With a superior product that is already leading in a rapidly growing market, Minit’s potential is significant. We’re excited to be supporting the company in its next stage of growth and global expansion.”