Mitico

Los Angeles, United States Founded: 2022 • Age: 4 yrs
Carbon capture technology is provided for industrial emissions control.

About Mitico

Mitico is a company based in Los Angeles (United States) founded in 2022 by Clement Cid, Alan Gu, and Leopold Dobelle. Mitico has raised $11.94 million across 3 funding rounds from investors including Caltech, Halliburton and W. L. Gore & Associates. Mitico offers products and services including Carbon Capture Technology and Chemical Sorbent. Mitico operates in a competitive market with competitors including Carbon Clean, Charm Industrial, Svante, Storegga Geotechnologies and RepAir, among others.

  • Headquarter Los Angeles, United States
  • Founders Clement Cid, Alan Gu, Leopold Dobelle
  • Sectors
    Environment
  • Website mitico.tech
  • Social LinkedIn
  • Legal Name Mitico, Inc.
Key Metrics
  • Total Equity Funding
    $11.94M (USD)

    in 3 rounds

  • Latest Funding Round
    $4.3M (USD), Series A

    Feb 2025

  • Investors
    Caltech

    & 8 more

Products & Services of Mitico

Mitico offers a comprehensive portfolio of products and services, including Carbon Capture Technology and Chemical Sorbent.

Carbon Capture Technology
Emissions Control

System to collect and purify CO2 from industrial flue gases

Chemical Sorbent
Capture Materials

Earth-abundant material for CO2 absorption in reactors

Funding Insights of Mitico

Mitico has successfully raised a total of $11.94M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $4.3 million completed in February 2025. 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 $11.94M
  • Total Rounds 3
  • Last Round Series A β€” $4.3M
  • First Round $1.2M

    (May 2024)

  • Investors Count 9

All 3 funding rounds of Mitico with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Feb 2025$4.3MSeries A–Exergon
Dec 2024$6.44MSeries A––
–
May 2024$1.2MSeed–SOSV, Caltech
Valuation history

9 investors in total: 9 institutional.

Investors in Mitico

Mitico has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Caltech, Halliburton and W. L. Gore & Associates.

All
Venture Fund
Institutional
InvestorDescriptionFounded YearDomainLocation
AP Ventures is focused on venture capital investments in decarbonisation.
2013apventures.comLondon, United Kingdom
Venture capital and accelerator services are provided across multiple sectors.
–sosv.comCork, Ireland
Tech startups are accelerated and incubated by FreeFlow.
–freeflow.zoneKolkata, India
Exergon is recognized as a pan-European venture capital firm focused on energy transition innovations.
–exergon.comParis, France
A portfolio of material science-based products is developed.
1958gore.comNewark, United States
Deepbright Ventures is focused on investing in deep tech startups.
–deepbright.vcCapellen, Luxembourg
Oilfield products and services are provided to the energy sector.
1919halliburton.comHouston, United States
Higher education and research in science and engineering are offered.
1891caltech.eduUnited States
-
–alliancesocal.org-
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Investor details for Mitico

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People of Mitico

3 people are tracked at Mitico (3 in leadership).

NameRoleGroup
Clement Cid
Co-Founder & CEOLeadership
Alan Gu
Co-Founder & CTOLeadership
Leopold Dobelle
Co-Founder & COOLeadership
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Complete people profiles for Mitico

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Timeline of Mitico

3 dated milestones of Mitico across 3 years, from founding to its latest funding, stage changes and deals.

  1. Founded Mitico is founded.
  2. Funding First funding round of $1.2M.
  3. Funding Latest funding round, Series A, of $4.3M.

Competitors of Mitico

Mitico 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 Carbon Clean, Charm Industrial, Svante, Storegga Geotechnologies and RepAir, among others.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
carbonclean.com2009London, United Kingdom$248.83M–
Provider of modular carbon capture technology and industrial decarbonization solutions
charmindustrial.com2018San Francisco, United States$108M92
Bio-oil-based carbon removal technology is developed from agricultural residues.
svanteinc.com2007Burnaby, Canada$477.45M49
Carbon capture solutions from air are provided for industrial emissions.
storegga.earth2019Aberdeen, United Kingdom$62.86M83
Geological storage for CO2 emissions and hydrogen projects is developed.
repair-carbon.com2020Yokneam Illit, Israel$26.5M–
Direct air capture solutions for air purification are provided.
avnos.io2015Singapore––
Cloud-based endpoint protection and management platform is offered.
agreena.com2016Copenhagen, Denmark$84.23M114
Carbon credits from regenerative agriculture are provided to businesses.
carbonamerica.com2019Arvada, United States$30.35M–
Carbon capture and sequestration solutions are developed and delivered.
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Detailed competitors of Mitico

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Latest news on Mitico

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Complete news archive for Mitico

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Similar companies to Mitico

10 companies that operate in the same segment as Mitico (Pollution & Air Quality Systems), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Platform for enterprise sustainability measurement, reporting, and action is provided.
2019San Francisco, California, United StatesUSD 184.96 M–295
Weather intelligence and forecasting solutions are provided for industries.
2016Boston, Massachusetts, United StatesUSD 374 M–115
Carbon dioxide is converted into products via renewable energy technology.
2015Berkeley, California, United StatesUSD 472.37 M––
Independent ratings and risk analytics for carbon projects are provided.
2020London, England, United KingdomUSD 109.21 M––
Carbon dioxide is captured from the atmosphere by Carbon Engineering.
2009Squamish, British Columbia, CanadaUSD 107.06 M––
Cloud-based solutions for crop management and analytics are offered.
2016Durham, North Carolina, United StatesUSD 60.75 M–103
Microbe-based plant protection products and yield optimization services are provided.
2013Boston, Massachusetts, United StatesUSD 1.4 B––
Provider of modular carbon capture technology and industrial decarbonization solutions
2009London, England, United KingdomUSD 248.83 MUSD 7.24 M–
Carbon footprints are tracked via an online platform for users.
2010Wellington, New ZealandUSD 26.27 M––
A platform for logistics emissions calculation and reporting is provided.
2021London, England, United KingdomUSD 14.5 M–20
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Frequently Asked Questions about Mitico

Mitico was founded in 2022 and raised its 1st funding round 2 years after it was founded.

Mitico is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.

Clement Cid is the current CEO of Mitico. They have also founded this company.

Mitico is a funded company, having raised a total of $11.94M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.2M, raised on May 2024.

Mitico was founded in 2022 in Los Angeles, United States, as a provider of carbon capture solutions within the environmental technology sector. Carbon dioxide is collected and purified post-combustion at emission sources, with integration suited for boilers, turbines, and processes featuring low CO2 concentrations. A chemical sorbent derived from abundant, eco-friendly materials is utilized in conventional reactor systems to enable capture with reduced operational demands and environmental effects.

Mitico's top competitors include Carbon Clean, Charm Industrial and RepAir.

Mitico offers Carbon Capture Technology and Chemical Sorbent.

Mitico has 9 investors. Key investors include Caltech, Halliburton, W. L. Gore & Associates, Exergon, and AP Ventures.

Mitico operates through Mitico, Inc..

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