About Mitacs
Mitacs is a company based in Montreal (Canada) founded in 1999.. Mitacs has raised $500 thousand across 2 funding rounds from investors including Mastercard and Military Health. The company has 588 employees as of December 31, 2024. Mitacs offers products and services including Innovation Programs and Internship Opportunities.
- Headquarter Montreal, Canada
- Employees 588 as on 31 Dec, 2024
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Sectors
Government & Social Sector
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mitacs 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
$500 K (USD)
in 2 rounds
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Latest Funding Round
$500 K (USD), Unspecified
May 17, 2022
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Investors
Mastercard
& 1 more
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Employee Count
588
as on Dec 31, 2024
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Products & Services of Mitacs
Mitacs offers a comprehensive portfolio of products and services, including Innovation Programs and Internship Opportunities. 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.
Businesses and researchers are connected by these programs to drive competitiveness and productivity in various sectors.
Highly skilled interns are provided to enterprises through partnerships that support innovation and research activities.
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Funding Insights of Mitacs
Mitacs has successfully raised a total of $500K across 2 strategic funding rounds. The most recent funding activity was a Unspecified round of $500 thousand completed in May 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 Total Funding
- Total Rounds 2
- Last Round Unspecified — $500,000
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First Round
First Round
(14 Jan 2008)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Unspecified - Mitacs | Valuation | Mastercard |
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| Jan, 2008 | Amount | Grant - Mitacs | Valuation |
investors |
| 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 Mitacs
Mitacs has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Mastercard and Military Health. 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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Global payments are processed via card network connections.
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Founded Year | Domain | Location | |
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Administers health care and support for military personnel and operations.
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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 Mitacs
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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 - Mitacs
| 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 |
Mitacs Comparisons
Competitors of Mitacs
| 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.
|
Frequently Asked Questions about Mitacs
When was Mitacs founded?
Mitacs was founded in 1999 and raised its 1st funding round 9 years after it was founded.
Where is Mitacs located?
Mitacs is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Who is the current CEO of Mitacs?
John Hepburn is the current CEO of Mitacs.
Is Mitacs a funded company?
Mitacs is a funded company, having raised a total of $500K across 2 funding rounds to date. The company's 1st funding round was a Grant of $800K, raised on Jan 14, 2008.
How many employees does Mitacs have?
As of Dec 31, 2024, the latest employee count at Mitacs is 588.
What does Mitacs do?
Mitacs was established in 1999 as a not-for-profit foundation based in Montreal, Canada. Operations center on fostering economic growth via partnerships between academia, industry, and government. Services include funding for research internships, innovation projects, and training initiatives across various sectors. Activities are conducted nationwide and internationally to support knowledge mobilization and commercialization efforts. Leadership is provided by CEO John Hepburn.
What products or services does Mitacs offer?
Mitacs offers Innovation Programs and Internship Opportunities.
Who are Mitacs's investors?
Mitacs has 2 investors. Key investors include Mastercard, and Military Health.
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