# Midaxo funding: rounds and investors

> Midaxo has raised $22M across 3 rounds since 2015. Investors include EOC Capital, Finnish Industry Investment Ltd and Idinvest Partners.

Source: https://millionrounds.com/company/midaxo (Millionrounds; every figure on the page links to its filing or article)

Finland · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Midaxo*

3 rounds we have observed, with the 4 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Fintech

Funding summary Updated 26 Oct 2026

**$22M** raised across 3 rounds since 2015, from 4 sources

**$1.6M** Seed **$4.0M** Round **$16M** Series B

- **Latest round:** Series B, $16M Mar 2018
- **Step-up i:** 4×
- **Investors:** 4 (2 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2016 2017 2018

**$1.6M** Seed

**$4.0M** Round

**$16M** Series B

- **First round:** Seed, $1.6M
- **Biggest round:** $16M
- **Usual gap between rounds:** 20 months

## The rounds

- **Mar 2018** Series B **$16M** *1 new* [Idinvest Partners](https://millionrounds.com/fund/idinvest-partners) Reported by Unquote
- **Nov 2016** Round **$4.0M** *2 new* [EOC Capital](https://millionrounds.com/fund/eoc-capital) Lead [Finnish Industry Investment Ltd](https://millionrounds.com/fund/finnish-industry-investment-ltd) Lead Reported by FinSMEs and 1 other
- **Mar 2015** Seed **$1.6M** *1 new* [Seed Fund Vera Ltd](https://millionrounds.com/fund/seed-fund-vera-ltd) From a historical funding record

## Founders and team

From Midaxo's own website: 1 on the team.

- **Alex Whitley** Director of Corporate Development

Advisers *Colin Harrold*

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Seed** 2015 **Round** 2016 **Series B** 2018 [EOC Capital](https://millionrounds.com/fund/eoc-capital) L [Finnish Industry Investment Ltd](https://millionrounds.com/fund/finnish-industry-investment-ltd) L [Idinvest Partners](https://millionrounds.com/fund/idinvest-partners) [Seed Fund Vera Ltd](https://millionrounds.com/fund/seed-fund-vera-ltd)

## Everyone who backed them

[EOC Capital](https://millionrounds.com/fund/eoc-capital) VC firm **1** round, led 1

[Finnish Industry Investment Ltd](https://millionrounds.com/fund/finnish-industry-investment-ltd) Investment firm **1** round, led 1

[Idinvest Partners](https://millionrounds.com/fund/idinvest-partners) Private equity **1** round

[Seed Fund Vera Ltd](https://millionrounds.com/fund/seed-fund-vera-ltd) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=midaxo).

## Also claim to have backed them

This firm lists Midaxo as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Stella Capital](https://millionrounds.com/fund/stella-capital-2) Growth equity Per its own site

## Quick answers about Midaxo

### Who invested in Midaxo?

Midaxo's investors include EOC Capital, Finnish Industry Investment Ltd, Idinvest Partners and Seed Fund Vera Ltd.

### How much has Midaxo raised?

Midaxo has raised $22M across 3 rounds since 2015.

### When did Midaxo last raise?

Midaxo's most recent round was a Series B of $16M in Mar 2018.

### What was Midaxo's biggest round?

Its most recent round, $16M in Mar 2018, is also its largest on record.

### Who backed Midaxo first?

Midaxo's first round on record, in Mar 2015, was backed by Seed Fund Vera Ltd.

### What stage is Midaxo at?

Midaxo's latest named round is a Series B, in Mar 2018.

### Where is Midaxo based?

Midaxo is based in Finland.

### Who led Midaxo's rounds?

EOC Capital led the Undisclosed round in 2016.

## Companies like Midaxo

In the same sector, and raised in the last eighteen months.

[**Comparables.ai** $6.0M · Oct 2026](https://millionrounds.com/company/comparables-ai)[**Zero** $15M · Sept 2026](https://millionrounds.com/company/zero)[**Tangently** Jun 2026](https://millionrounds.com/company/tangently)[**Inven** $13M · May 2025](https://millionrounds.com/company/inven)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)

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