Equity financing for M-Files from DFJ Esprit and Industry Investment

April 2013

M-Files: Funding a visionary, intuitive ECM solution

“We’re ecstatic to have earned the confidence of the team at DFJ Esprit, part of the DFJ global network. The access to additional growth capital will give us the resources to take a big step toward our vision to become the global leader in information management for quality and compliance.”

Greg Milliken, president of M-Files



2012 revenue

USD 12m

CAGR last 4 FYs





Tampere, Finland

A flexible solution that puts an end to the outdated folder structure for content management

M-Files is a Finnish developer of metadata powered cloud, on-premise, and hybrid Enterprise Content Management solutions.

The Company’s solutions transform how businesses manage, secure and share information with a unique metadata-driven approach that organises and processes content based on what it is, rather than where it resides

M-Files has clients in over 100 countries, including companies such as AstraZeneca, SAS and EADS.

The recognition of M-Files as a revolutionary player in the global ECM and document management markets has been further validated by the Company’s inclusion in the 2012 Gartner Magic Quadrant for ECM.

Funding to boost international expansion

DFJ Esprit (now Draper Esprit), a venture capital firm investing in European tech companies, led a USD 8m growth equity series A financing round into M-files, with participation of Finnish Industry Investment.

Following the transaction, Jim Geary and Bob Suh, proven technology leaders with backgrounds at companies such as Accenture, Perot Systems and Pedestal Software, as well as Mikko Suonenlahti of DFJ Esprit, will join the Company’s Board of Directors.

The infusion of new capital will accelerate and further fuel M-Files’ rapid growth plans in the US market and bolster its sales and marketing footprint through a worldwide partner channel, while also deepening its focus on compliance in select vertical industries.

EOC Partners acted as sole advisor to M-Files.