Warsaw-based SaaS startup Mindento has raised a €310,000 (1.5 million PLN) investment from the Polish investment firm JR Holding. As part of the deal, the firm will take up 11.1% of shares, MamStartup reports.
- Founded in 2016 by Łukasz Andrzejewski and Jarek Tkaczyk, Mindento develops a software for business travel and employee expenses management. The solution automates the entire process by digitizing workflow, ordering, booking, and buying, as well as invoicing and posting. This can lead to reduction of travel costs and faster organization.
“Mindento is another company from the digital business sector that joins the JRH portfolio. I am convinced that this innovative solution will be widely used by customers. At the same time, the company enriches our investment portfolio, in which synergies between entrepreneurs are getting commonplace,”
January Ciszewski, President of JRH, comments.
- JR Holding is an alternative joint-stock company listed on the Polish NewConnect exchange market since 2012. The firm invests in the key future sectors, such as renewable energy, gaming, lifestyle, AI, new media, and biotech. In August 2022, JRH invested €425,000 in Green Lanes, a Polish hemp processing startup.
- Thanks to the fresh funding, Mindento will be able to develop its “Travel & Expense” process automation solution. It will also become a part of the JRH portfolio network, allowing for further collaborations.
