2024 Revenue
$169.8M(Est.)
Customers
10M
Funding
$38M
Avg ACV
$17
Team
1.3K
Founded
2005
How Mendix CEO Tim Srock grew to $169.8M revenue and 10M customers in 2024.
Mendix is a low-code software development platform that enables organizations to create and deploy enterprise applications quickly and efficiently. The company was founded in 2005 and is based in Boston, Massachusetts. In 2018, Mendix was acquired by Siemens AG, a multinational conglomerate headquartered in Munich, Germany, which offers a broad range of products and services in the fields of electrification, automation, and digitalization.
Last updated
Mendix Revenue
In 2024, Mendix's revenue reached $169.8M. The company previously reported $128.7M in 2023. Since its launch in 2005, Mendix has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Mendix Hit $169.8m revenue in October 2024 | Estimated |
| 2023 | Mendix Hit $128.7m revenue in October 2023 | Estimated |
| 2021 | Mendix Hit $100.2m revenue in April 2021 | |
| 2005 | Launched with $0 revenue |
Mendix Valuation, Funding Rounds
Mendix has not publicly disclosed its valuation. The company has raised $38M in total funding to date.
Mendix has raised $38M in total funding across 2 rounds, with its most recent round in 2014.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2014 | Funding round | $25M | - | - | |
| 2011 | Funding round | $13M | - | - |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Mendix serves 10M customers.
Mendix Employees & Team Size
Mendix employs approximately 1.3K people as of 2026, including 86 sales reps that carry a quota. It serves 10M customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 1.3K employees (October 2024) | |
| 2023 | Reached 1.3K employees (October 2023) | |
| 2022 | Reached 1.3K employees (October 2022) | |
| 2021 | Reached 1.2K employees (December 2021) | |
| 2021 | Reached 916 employees (April 2021) |
Frequently Asked Questions about Mendix
What is Mendix's revenue?
Mendix generates an estimated $169.8M in annual revenue.
Who founded Mendix?
Mendix was founded by Tim Srock.
Who is the CEO of Mendix?
The CEO of Mendix is Tim Srock.
How much funding does Mendix have?
Mendix raised $38M across 2 rounds.
How many employees does Mendix have?
Mendix has 1.3K employees.
Where is Mendix headquarters?
Mendix is headquartered in Boston, Massachusetts, United States.
Compare Mendix to the industry
Mendix operates across multiple industries. Browse revenue, funding, and growth data for Mendix in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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