IGNIA, Capital Invent, and Avalancha Ventures made an undisclosed investment in Bind ERP, a cloud-based ERP platform for Mexican SMBs.
(Press Release) As SMBs look for low upfront costs, quick deployment times and intuitive processes in a software, Bind ERP brings them the best administrative solution.
Bind ERP, a Mexico-based company offering a cloud-based ERP, closed its Series A round with venture capital funds IGNIA, Capital Invent and Avalancha Ventures.
For the more than one million SMBs in Mexico using the internet for their daily activities (with that number expected to double in the next 5 years), having access to a world class cloud-based ERP will permit them to gain greater insight into their business and make decisions based on real-time information. Bind allows SMBs to have an administrative system in the cloud to manage every aspect of their business from purchasing and inventory to accounting and sales.
“Millions of Mexican SMBs are looking to make their businesses more efficient to grow. Traditional ERPs have high upfront cost with long on-boarding times, making them hard to access for SMBs. Bind ERP is a low cost, easy to use and tailor-made solution that is accessible to hundreds of small businesses. We are excited to partner with the talented team behind Bind and to support the company through its future growth,” commented Fabrice Serfati Magaña, Managing Director at IGNIA.
“We share with Alejandro and his team the mission to ease the management tasks for SMBs, as we believe they are a key element for the economic development of Mexico. At Capital Invent we are very excited to partner with Bind’s team and look forward to working with them to strengthen Bind’s position as the leading ERP for SMBs in Mexico,” said Jana Boltvinik, Managing Partner at Capital Invent.
“At Bind ERP, we are on a mission to make management easy for SMBs. Our team has a profound understanding of their needs and we’ve built a solution that allows them to take full control of their business within minutes. This funding will allow us to accelerate our growth and create new features that will transform the way small businesses operate in Mexico. We’re thrilled to have a group of investors who share our desire to help Mexican SMBs thrive,” states Alejandro Bonilla, CEO and Founder of Bind ERP.