About MITY
MITY is a company based in Orem (United States) founded in 1987 was acquired by Sorenson Capital in July 2007.. MITY has raised $385 thousand across 1 funding round from investors including Peterson Partners and Sorenson Capital. MITY operates in a competitive market with competitors including Bulletin, Tvilum, Magnuson, Americanflat and Ubique Group, among others.
- Headquarter Orem, United States
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Sectors
RetailConsumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$385 K (USD)
in 1 rounds
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Latest Funding Round
$385 K (USD), Unspecified
Nov 19, 2013
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Investors
Peterson Partners
& 1 more
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Employee Count
Employee Count
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Acquired by
Sorenson Capital
(Jul 17, 2007)
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Funding Insights of MITY
MITY has successfully raised a total of $385K through 1 strategic funding round. The most recent funding activity was a Unspecified round of $385 thousand completed in November 2013. 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 1
- Last Round Unspecified — $385,000
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First Round
First Round
(19 Nov 2013)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2013 | Amount | Unspecified - MITY | Valuation |
investors |
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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 MITY
MITY has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Peterson Partners and Sorenson Capital. 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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Seed-stage investments in US tech and offline companies are targeted.
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Founded Year | Domain | Location | |
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Focus by Sorenson Capital is on software, healthcare, aerospace, energy.
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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 MITY
| 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 - MITY
| 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 |
Mity Comparisons
Competitors of MITY
MITY 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 Bulletin, Tvilum, Magnuson, Americanflat and Ubique Group, 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 |
Multi-category products for enterprises are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Ready-to-assemble furniture is manufactured across multiple home categories by Tvilum.
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| domain | founded_year | HQ Location |
Provider of superchargers and other automotive parts
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| domain | founded_year | HQ Location |
Wall decor is designed, manufactured, and distributed worldwide.
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| domain | founded_year | HQ Location |
Home furniture is provided via an internet-first brand.
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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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Frequently Asked Questions about MITY
When was MITY founded?
MITY was founded in 1987 and raised its 1st funding round 26 years after it was founded.
Where is MITY located?
MITY is headquartered in Orem, United States. It is registered at Orem, Utah, United States.
Who is the current CEO of MITY?
John Dudash is the current CEO of MITY.
Is MITY a funded company?
MITY is a funded company, having raised a total of $385K across 1 funding round to date. The company's 1st funding round was a Unspecified of $385K, raised on Nov 19, 2013.
What does MITY do?
MITY was founded in 1987 and is based in Orem, United States. Operations focus on the design and manufacture of commercial furniture, with products encompassing tables, chairs, carts, staging, and dance floors. The company serves the commercial sector through its production processes, maintaining a presence in the furniture industry across the United States.
Who are the top competitors of MITY?
MITY's top competitors include Bulletin, Tvilum and Ubique Group.
Who are MITY's investors?
MITY has 2 investors. Key investors include Peterson Partners, and Sorenson Capital.
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