About Mic
Mic is a company based in New York (United States) founded in 2011 was acquired by Bustle.company in November 2018. It operates as a Advertising Model. Mic has raised $59.53 million across 8 funding rounds from investors including Brandtech Group, Lightspeed Venture Partners and Axel Springer. Mic offers products and services including Mic Newsletter. Mic operates in a competitive market with competitors including Yahoo, QQ, Sina, HuffPost and Netscape, among others.
- Headquarter New York, United States
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Bdg Media, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$59.53 M (USD)
in 8 rounds
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Latest Funding Round
$6.5 M (USD), Series C
Jun 21, 2017
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Investors
Brandtech Group
& 10 more
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Employee Count
Employee Count
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Acquired by
Bustle.company
(Nov 29, 2018)
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Products & Services of Mic
Mic offers a comprehensive portfolio of products and services, including Mic Newsletter. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Daily newsletter covering music, entertainment, and politics.
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Funding Insights of Mic
Mic has successfully raised a total of $59.53M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $6.5 million completed in June 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series C — $6.5M
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First Round
First Round
(17 Feb 2012)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Series C - Mic | Valuation |
investors |
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| Apr, 2017 | Amount | Series C - Mic | Valuation | Lightspeed Venture Partners | |
| Mar, 2016 | Amount | Series B - Mic | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mic
Mic has secured backing from 11 investors, including institutional and venture fund investors. Prominent investors backing the company include Brandtech Group, Lightspeed Venture Partners and Axel Springer. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Early to mid-stage ventures are funded by the firm.
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Founded Year | Domain | Location | |
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USA focused VC firm investing in seed and early stage startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mic
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Mic
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mic Comparisons
Competitors of Mic
Mic operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Yahoo, QQ, Sina, HuffPost and Netscape, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
News, insights, and services are delivered via an online platform.
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| domain | founded_year | HQ Location |
Multi-category news is delivered through an online platform.
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| domain | founded_year | HQ Location |
Provider of product testing and review services
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| domain | founded_year | HQ Location |
Digital news and opinion content are published online by HuffPost.
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| domain | founded_year | HQ Location |
News on multiple categories is delivered via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mic
Frequently Asked Questions about Mic
When was Mic founded?
Mic was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Mic located?
Mic is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Mic a funded company?
Mic is a funded company, having raised a total of $59.53M across 8 funding rounds to date. The company's 1st funding round was a Series B of $332.34K, raised on Feb 17, 2012.
What does Mic do?
Mic is managed as a digital media platform focusing on news, culture, and lifestyle content. Coverage is provided across various sectors including identity, climate impact, and entertainment. Stories and newsletters are delivered to engage audiences with contemporary issues and personal narratives. Emphasis is placed on diverse perspectives in music, politics, and social trends.
What products or services does Mic offer?
Mic offers Mic Newsletter.
Who are Mic's investors?
Mic has 11 investors. Key investors include Brandtech Group, Lightspeed Venture Partners, Axel Springer, Lerer Hippeau, and WPP.
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