UK, Mimecast Raises £13M in Series B Financing

Mimecast, a London, UK-based provider of a SaaS-based enterprise email management system, has received £13m (approximately $21m) in Series B financing from venture capital firms Index Ventures and Dawn Capital.
The company plans to use the funding to increase research and development initiatives and continue to build its market presence. As stated by Mimecast CEO and co-founder, Peter Bauer, this new funding will help the company to build market leadership further.
Founded in the UK in 2003 by Bauer and Neil Murray (CTO), Mimecast supports a global base approaching 2,500 customers across a number of industries including financial services, legal, manufacturing and the public sector and has offices in Europe, North America, Africa, the Middle East and the Channel Islands.

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