About MiCology
MiCology is a Financial Services company based in Ipswich (United Kingdom) founded in 2008. Low-code platform for insurance products and processes is developed. MiCology has raised $19.05 thousand across 1 funding round. The company has 24 employees. Its Indian entity Micology Solutions India Private Limited reported revenue of ₹10.47 Cr. MiCology offers products and services including MiConnect, Policy Management, Claims Management, Complaints Handling, and MiIdentity. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Claims Processing. Its competitors include Sprout.ai and Vitesse; 2 of its 2 listed competitors have raised funding.
Company details
Founded in 2008 and based in Ipswich, United Kingdom, MiCology operates in the insurtech sector. A low-code platform is provided for insurance product and process management, allowing creation of custom applications through functional building blocks without coding. Services support digital product launches, scalability, and adaptation to market changes for insurance companies, brokers, and administrators. Industry-standard structuring and hosting accommodate multiple users and varied applications.
- Headquarters Ipswich, United Kingdom
- Employees 24
- SectorsFinancial Services
- Website micology.com
- Legal Name Micology Limited
- Date of Incorporation 29 Sep, 2017
- Jurisdiction RICHMOND, UNITED KINGDOM
- Indian entity revenue₹10.47 Cr
FY 2025 · +16% YoY
- Indian entity net profit₹93.6 Lakh
FY 2025 · 9% margin
- Indian entity EBITDA₹1.31 Cr
FY 2025 · 12% margin
- Total Equity Funding$19.05K (USD)
in 1 rounds
- Latest Funding Round$19.05K (USD), Seed
Mar 2022
- Employee Count24
Associated legal entities of MiCology
MiCology operates through Micology Solutions India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Micology Solutions India Private Limited CIN U72900MH2019FTC330152 | Active | 03 Sep 2019 | Mumbai, Maharashtra | ₹10.5 Cr | 24 | 6 | View details |
Products & Services of MiCology
MiCology offers a comprehensive portfolio of products and services, including MiConnect, Policy Management, Claims Management, Complaints Handling, and MiIdentity.
Platform for quick development of digital insurance processes.
Tool for automating and managing insurance policies efficiently.
System for handling and processing insurance claims securely.
Solution for resolving customer complaints in insurance operations.
Service for secure identity verification in insurance contexts.
Funding Insights of MiCology
MiCology has successfully raised a total of $19.05K through 1 strategic funding round. The most recent funding activity was a Seed round of $19.05 thousand completed in March 2022. 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 $19,052
- Total Rounds 1
- Last Round Seed — $19,052
- First Round $19,052
(Mar 2022)
All 1 funding rounds of MiCology with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2022 | $19,052 | Seed | – | – | – |
Board of directors of Micology Solutions India Private Limited (MiCology)
Micology Solutions India Private Limited is the primary company behind MiCology. The board of Micology Solutions India Private Limited currently have 6 directors; the longest-serving is Jonathon Henry Croydon, appointed in 2019. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jonathon Henry Croydon DIN 08553821 | Nominee Director | 03 Sep 2019 | 7 yrs 1 mo | Micology Solutions India Private Limited |
| Henry Alistair Croydon DIN 09606551 | Director | 21 Jun 2024 | 2 yrs 4 mo | Micology Solutions India Private Limited |
| Nallapulu Srinivasa Setty Aditya DIN 10728040 | Director | 10 Aug 2024 | 2 yrs 2 mo | Micology Solutions India Private Limited |
| Uma Maheswara Rao Podili DIN 11171801 | Director | 01 Jul 2025 | 1 yr 3 mo | Micology Solutions India Private Limited |
| Shivaprashanth Nuji DIN 11183334 | Director | 07 Jul 2025 | 1 yr 3 mo | Micology Solutions India Private Limited |
| Ashish Pasari DIN 05321805 | Director | 28 Aug 2025 | 1 yr 2 mo | Micology Solutions India Private Limited |
Financials of MiCology
Figures of Micology Solutions India Private Limited, the primary company behind MiCology, for FY 2025. Revenue was ₹10.47 Cr (+16% year on year). Net profit was ₹93.6 Lakh (9% margin). EBITDA was ₹1.31 Cr (12% margin). Revenue has grown at a compounded annual rate of +17% over three years and +80% over five years.
- ₹10.47 CrRevenue · FY 2025 · +16% YoY
- ₹93.6 LakhNet profit · 9% margin
- ₹1.31 CrEBITDA · 12% margin
- ₹1 LakhPaid-up capital
- 24Employees (provident fund records)
- +17%Revenue CAGR, 3 years
- +80%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Micology Solutions India Private Limited are on its company page.
Detailed financial statements for MiCology
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of MiCology
2 dated milestones of MiCology across 14 years, from founding to its latest funding, stage changes and deals.
- Founded MiCology is founded.
- Funding First funding round of $19K.
Competitors of MiCology
MiCology has 2 listed competitors in our database, 2 of them funded. They include Sprout.ai and Vitesse.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sprout.ai | 2018 | London, United Kingdom | $38.29M | 24 | AI-based software suite for personal and commercial insurers | |
| vitesse.io | 2014 | London, United Kingdom | $127.62M | 136 | Treasury and payment solutions are provided for the insurance industry. |
Detailed competitors of MiCology
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Micology
Complete news archive for MiCology
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about MiCology
MiCology was founded in 2008 and raised its 1st funding round 14 years after it was founded.
MiCology is headquartered in Ipswich, United Kingdom.
MiCology is a funded company, having raised a total of $19.05K across 1 funding round to date. The company's 1st funding round was a Seed of $19.05K, raised on Mar 2022.
MiCology has 24 employees.
The primary company behind MiCology, Micology Solutions India Private Limited, reported revenue of ₹10.47 Cr for FY 2025, up 16% year on year.
Founded in 2008 and based in Ipswich, United Kingdom, MiCology operates in the insurtech sector. A low-code platform is provided for insurance product and process management, allowing creation of custom applications through functional building blocks without coding. Services support digital product launches, scalability, and adaptation to market changes for insurance companies, brokers, and administrators. Industry-standard structuring and hosting accommodate multiple users and varied applications.
MiCology offers MiConnect, Policy Management, Claims Management, Complaints Handling, and MiIdentity.
MiCology operates through Micology Solutions India Private Limited.
The legal entities of MiCology currently have 6 directors, including Henry Alistair Croydon, Ashish Pasari, Jonathon Henry Croydon and others.