About Midoco
Midoco is a company based in Hilden (Germany) founded in 2005 by Jorg Hauschild, Marcus Haarmann, and Steffen Faradi was acquired by LEA Partners in December 2019.. Midoco offers products and services including Midoffice ERP System, Zahlungsabwicklung, and Aufgabenmanagement. Midoco operates in a competitive market with competitors including Fareportal, Nezasa, Duffel, TravClan and Easol, among others.
- Headquarter Hilden, Germany
- Founders Jorg Hauschild, Marcus Haarmann, Steffen Faradi
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Sectors
Travel & Hospitality
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Midoco Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
VR Equitypartner
& 3 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Midoco
Midoco offers a comprehensive portfolio of products and services, including Midoffice ERP System, Zahlungsabwicklung, and Aufgabenmanagement. 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.
Automates travel agency processes including bookings and accounting.
Manages secure payment solutions for travel transactions.
Handles team workflows and customer task assignments.
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Funding Insights of Midoco
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Unspecified - Midoco | Valuation | VR Equitypartner |
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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 Midoco
Midoco has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include VR Equitypartner, LEA Partners and BID Equity. 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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Tailored financing solutions are provided for mid-sized companies.
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Founded Year | Domain | Location | |
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Provider of early-stage and buyout investments in B2B software and tech
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Founded Year | Domain | Location | |
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Software firms are strategically supported by BID Equity through investments.
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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 Midoco
| 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 - Midoco
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Midoco Comparisons
Competitors of Midoco
Midoco 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 Fareportal, Nezasa, Duffel, TravClan and Easol, 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 |
Technology solutions are provided to online travel agencies.
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| domain | founded_year | HQ Location |
SaaS-based software for travel planning and itinerary management is provided.
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| domain | founded_year | HQ Location |
Travel services are planned, discovered, and booked via Duffel's platform.
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| domain | founded_year | HQ Location |
B2B platform for travel agents to buy flights hotels packages
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| domain | founded_year | HQ Location |
Easol is recognized as an all-in-one platform for experience creators.
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| domain | founded_year | HQ Location |
An online platform is provided for designing digital travel agencies.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Midoco
Frequently Asked Questions about Midoco
When was Midoco founded?
Midoco was founded in 2005 and raised its 1st funding round 18 years after it was founded.
Where is Midoco located?
Midoco is headquartered in Hilden, Germany. It is registered at Hilden, North Rhine-westphalia, Germany.
What does Midoco do?
Midoco was founded in 2005 in Hilden, Germany, where SaaS-based ERP solutions are developed for travel agencies. Operations and workflows in the travel sector are automated through these tools. Key features encompass end-to-end process automation, management of payments and transactions, integrations with global distribution systems, business intelligence and analytics, task tracking, embedded booking engines for website-based real-time reservations, invoicing processes, customer relationship tools, and document handling capabilities.
Who are the top competitors of Midoco?
Midoco's top competitors include Duffel, Easol and Fareportal.
What products or services does Midoco offer?
Midoco offers Midoffice ERP System, Zahlungsabwicklung, and Aufgabenmanagement.
Who are Midoco's investors?
Midoco has 4 investors. Key investors include VR Equitypartner, LEA Partners, BID Equity, and Afinum.
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