In Mind Cloud Pte Ltd, a Singapore-based developer of CRM and CPQ software for manufacturing industries, closed a later stage Series A financing round of undisclosed amount.
Backers included capital management firms FCM and MXL, based out of Dusseldorf and Munich, Germany.
Led by CEO Dr. Christian Cuske, In Mind Cloud is an independent SaaS vendor that develops CRM and CPQ (Configure Price Quote) software built on the SAP Cloud Platform for manufacturing, high-tech and engineering industries and integrated into manufacturing processes and existing front-end sales processes.
The company intends to use the funds for an aggressive regional and technology expansion over the months and years to come. In Mind Cloud, which operates globally via its German subsidiary and a worldwide partner network, is planning to make some major strategic moves including further grow their sales and business development teams in Europe and Greater China, followed by a direct market entry into the US.