About Minit
Minit is a Technology company based in Bratislava (Slovakia) founded in 2015, and was acquired by Microsoft in March 2022. BI and process mining solutions are provided for process discovery. Minit has raised $11.46 million across 3 funding rounds from investors including Microsoft, Target Global and OTB Ventures. The company was acqui-hired. Its focus areas include Enterprise Applications, Business Intelligence, Business Intelligence Suite and End to End BI Software.
Company details
Minit was founded in 2015 in Bratislava, Slovakia, and operates in the business intelligence and process mining sector. A platform is offered that analyzes logs automatically to discover processes and generate interactive maps. Compatibility is ensured with systems such as ERP, CRM, BPM, and call centers. Features encompass data analysis, reporting dashboards, and team monitoring. Clients served include Google, Oracle, Microsoft, and IBM.
Funding Insights of Minit
Minit has successfully raised a total of $11.46M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $7.72 million completed in October 2019. 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 $11.46M
- Total Rounds 3
- Last Round Series A — $7.72M
- Investors Count 4
All 3 funding rounds of Minit 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 |
|---|---|---|---|---|---|
| Oct 2019 | $7.72M | Series A | – | Target Global | |
| Dec 2018 | $3.74M | Series A | – | OTB Ventures | |
| Jun 2017 | Seed | – | Earlybird | – |
5 investors in total: 5 institutional.
Investors in Minit
Minit has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Microsoft, Target Global and OTB Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm | targetglobal.vc | London, United Kingdom | ||
A venture capital fund focused on European deep-tech startups is operated. | otb.vc | Amsterdam, Netherlands | ||
Earlybird is recognized as a venture capital investor focused on early-stage tech companies. | earlybird.com | Berlin, Germany | ||
Early-stage tech startups are funded by corporate-backed Salesforce Ventures. | salesforceventures.com | San Francisco, United States | ||
Microsoft is recognized for software, hardware, and gaming solutions. | 1975 | microsoft.com | Redmond, United States |
Investor details for Minit
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Timeline of Minit
4 dated milestones of Minit across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Minit is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $7.7M.
- Exit Acquired by Microsoft.
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Frequently Asked Questions about Minit
Minit was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Minit is headquartered in Bratislava, Slovakia.
Minit is a funded company, having raised a total of $11.46M across 3 funding rounds to date.
Minit was founded in 2015 in Bratislava, Slovakia, and operates in the business intelligence and process mining sector. A platform is offered that analyzes logs automatically to discover processes and generate interactive maps. Compatibility is ensured with systems such as ERP, CRM, BPM, and call centers. Features encompass data analysis, reporting dashboards, and team monitoring. Clients served include Google, Oracle, Microsoft, and IBM.
Minit has 5 investors. Key investors include Microsoft, Target Global, OTB Ventures, Earlybird, and Salesforce Ventures.
Yes. Minit was acquired by Microsoft in March 2022.