Minerva Growth Partners Follows On in X Mile Series C
The follow-on investment signals Minerva's continued confidence in X Mile's platform model for non-desk industries, backed by concrete growth metrics.
Reporting from 1 source: ASCII.jp.
Minerva Growth Partners made a follow-on investment in X Mile's Series C round, about two and a half years after leading its Series B. X Mile's introduced business sites grew from 10,000 to over 30,000, and its job seeker database exceeded 1.2 million. DX/AI platform ARR grew over 90% year-on-year.
Minerva Growth Partners, which operates a growth fund for technology companies, has made a follow-on investment in X Mile's Series C round. The firm led X Mile's Series B in November 2023.
Since then, X Mile has expanded its introduced business sites from 10,000 to over 30,000. Its cumulative registered job seeker count now exceeds 1.2 million, up from 400,000. In the DX/AI platform business, ARR has grown by over 90% year-on-year.
Minerva cites X Mile's unique data on people, customers, and operations as a potential competitive advantage as AI advances. The firm plans to support X Mile through AI investments and M&A.
Synthesized by Yomimono from the 1 cited source below, including Japanese-language reporting where cited, then editorially reviewed before publishing.