MIcompany secures significant growth investment from MML to become a European market leader in data science and artificial intelligence
Arrowpoint Advisory’s TMT and Business Services teams have advised MIcompany on its minority investment from growth capital specialists, MML Capital Partners (“MML”).
MIcompany was founded by Marnix Bügel in 2006 and has grown strongly to become the leading artificial intelligence (“AI”) and machine learning (“ML”) service provider in the Netherlands. MIcompany’s proprietary algorithms and best-in-class data scientists, data engineers and AI trainers help deliver transformational and sustainable impact to some of the Netherlands’ largest corporates and beyond. MIcompany’s unique value proposition enable it to deliver integrated solutions to its clients across the AI / ML value chain.
With MML’s investment and under the leadership of Marnix Bügel, Martin Heijnsbroek, Wouter Huygen and Folkert de Jong, the Group is well positioned to continue to grow to become a European market leader.
Marnix Bügel, Founder at MIcompany, highlighted: “This is an important milestone in MIcompany’s journey. We have grown strongly as an independent AI services firm over ~16 years however this is the right time to accelerate our growth and widen our reach into other European countries. I am delighted to be partnering with Luke and the team and I am looking forward to working together over the coming years.”
Wouter Huygen, CEO at MIcompany, added: “We were looking for a partner who supported our mission to become a Western European category leader in data & AI services and understood the value of our business was in its culture and people. We have found that with Luke, Amar and Harry and the wider MML team. They have a strong track record of scaling technology service providers sustainably and I am excited to see how much we can achieve together.
The Arrowpoint Advisory team has been an amazing partner, with unrelenting dedication to delivering us the best possible outcome. I have never seen and experienced such high level of client service and professionalism.”
Martin Heijnsbroek, Managing Partner, said: “I have met many corporate finance advisers, and have been impressed by the many skills they possess. But none had the same professional attitude or were at the same level as the Arrowpoint Advisory team. I found working with the team like being back at McKinsey. We had fun, remained focused and manoeuvred this ship across many waves. It really felt like being part of one - very smart - team. Thanks for orchestrating that!”
Will Evans, Director at Arrowpoint Advisory, commented: “We are delighted to have advised the MIcompany team on this important milestone. MIcompany is a standout asset in an incredibly dynamic and high growth market, and its disruptive approach to implementing highly strategic, cutting-edge AI solutions is delivering transformational impact for clients. MML is an ideal partner to support the team going forward and we wish them all the best on their next phase of growth.”
Daniel Domberger, Managing Director at Arrowpoint Advisory, concluded: “We have been incredibly impressed with the business that Marnix, Martin, Wouter, Folkert, and the team have built, and we are excited to follow their progress going forward.”