Minit, a process mining software provider, raised €7M in Series A funding.
The round was led by Target Global, with participation from Salesforce Ventures and existing investors, Earlybird’s Digital East Fund and OTB Ventures.
The company intends to use the funds to further product developments (adding new features such as predictive analytics, simulations and Minit cloud) and overseas expansion into new markets including the US.
Founded in 2017 and led by CEO Rastislav Hlavac, Minit provides a process mining software that gives enterprise customers insight into complex processes – like order-to-cash, procure-to-pay, customer journey or service delivery – and how these can be improved. Minit highlights opportunities for continuous process improvement and makes it easy to pinpoint and understand the sources of inefficiency – such as bottlenecks, or compliance violations – and their root causes.
The company works with dozens of Fortune 500 and 1000 customers around the world, including companies Stora Enso Swiss-Re or BDO, in order to maximize their ROI in Robotic Process Automation projects.
It has offices in London, UK, Eindhoven, The Netherlands, and Bratislava, Slovak Republic.