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How Midaxo CEO Ari Salonen grew Midaxo to $5.7M revenue and 300 customers in 2024.

Provider of a cloud-based platform designed to manage merger and acquisition pipelines. The company's cloud-based platform offers a single point storage where all relevant documents, findings and communications are stored securely from which information can extracted any point of time and it required no training or implementation, enabling businesses to grow with the help of informed decision through mergers.

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Midaxo Revenue

In 2024, Midaxo's revenue reached $5.7M. The company previously reported $4M in 2023. Since its launch in 2011, Midaxo has shown consistent revenue growth.

Midaxo Revenue GrowthReported revenue / ARR by year$0$1M$3M$4M$5M$6M20112013201520172019202120232024$0$4M$4M$6MSource: GetLatka.com
YearMilestone
2024Midaxo Hit $5.7m revenue in October 2024
2023Midaxo Hit $4m revenue in October 2023
2021Midaxo Hit $4.3m revenue in April 2021
2011Launched with $0 revenue

Midaxo Valuation, Funding Rounds

Midaxo has not publicly disclosed its valuation. The company has raised $21.8M in total funding to date.

Midaxo has raised $21.8M in total funding across 3 rounds, with its most recent round in 2018.

Midaxo Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$5M$10M$15M$20M$25M201120122013201420152016201720182011 cumulative: $0 • 2011 Founded: $02015 cumulative: $2M • 2011 Founded: $0 • 2015 Funding round: $2M2016 cumulative: $6M • 2011 Founded: $0 • 2015 Funding round: $2M • 2016 Funding round: $4M2018 cumulative: $22M • 2011 Founded: $0 • 2015 Funding round: $2M • 2016 Funding round: $4M • 2018 Funding round: $16M$22M2011 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% Sold
2018Funding round$16M--
2016Funding round$4M--
2015Funding round$1.8M--

Midaxo Employees & Team Size

Midaxo employs approximately 39 people as of 2026, down from 40 in 2023.

Midaxo has 39 total employees in different roles and functions. They have 300 customers that rely on the company's solutions.

Midaxo Team GrowthReported headcount over time0132538506320112013201520172019202120232024003939Source: GetLatka.com
YearMilestone
2024Reached 39 employees (December 2024)
2024Reached 40 employees (October 2024)
2023Reached 40 employees (October 2023)
2022Reached 49 employees (October 2022)
2021Reached 52 employees (December 2021)
2021Reached 57 employees (April 2021)

Founder / CEO

Ari Salonen

Professional life in keywords: management consulting, start-up, growth company, scale-up, SaaS, enterprise software, M&A, mergers & acquisitions, corporate development, technology, fintech, GRC, purchase-to-pay, procurement, payments, credit scoring, cybersecurity, VC funded, board member, board director, non-executive director, international, global, Europe, USA

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Customers

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Frequently Asked Questions about Midaxo

What is Midaxo's revenue?

Midaxo generates $5.7M in revenue.

Who founded Midaxo?

Midaxo was founded by Ari Salonen.

Who is the CEO of Midaxo?

The CEO of Midaxo is Ari Salonen.

How much funding does Midaxo have?

Midaxo raised $21.8M.

How many employees does Midaxo have?

Midaxo has 39 employees.

Where is Midaxo headquarters?

Midaxo is headquartered in Boston, Massachusetts, United States.

Compare Midaxo to the industry

Midaxo operates across multiple industries. Browse revenue, funding, and growth data for Midaxo in each sector below.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

Midaxo Revenue 2024: $5.7M ARR, $21.8M Raised