About MityLite
MityLite is a company based in Orem (United States) founded in 1987 was acquired by Prospect Capital in September 2013.. MityLite has completed 3 acquisitions, including Bertolinidirect, Carroll Chair and Holsag. MityLite operates in a competitive market with competitors including Poppin, HNI Corporation, Steelcase, Branch and MillerKnoll, among others.
- Headquarter Orem, United States
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Sectors
Consumer
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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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Latest Funding Round
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Investors
Prospect Street
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Bertolinidirect
& 2 more
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Acquired by
Prospect Capital
(Sep 19, 2013)
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Funding Insights of MityLite
- 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 |
|---|---|---|---|---|---|
| Jun, 2007 | Amount | Angel Round - MityLite | 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 MityLite
MityLite has secured backing from 2 investors, including angel and venture fund investors. Prominent investors backing the company include Prospect Street and Brent Robinson. 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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Private equity and debt are provided across multiple sectors.
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Founded Year | Domain | Location | |
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BR
Brent Robinson |
Angel investor focusing on Indian startups, based in Bangalore.
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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 MityLite
MityLite has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Bertolinidirect, Carroll Chair and Holsag. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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.
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Tables and chairs are manufactured for various applications.
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1996 | ||||
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Chairs are sold online by Holsag as an internet-first brand.
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1960 | ||||
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Church chairs, carts, and accessories are manufactured for worship spaces.
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0 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - MityLite
| 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 |
Mitylite Comparisons
Competitors of MityLite
MityLite 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 Poppin, HNI Corporation, Steelcase, Branch and MillerKnoll, 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 |
Private label office supplies are sold online by Poppin.
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| domain | founded_year | HQ Location |
Offline retail of office furniture and hearth products is operated.
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| domain | founded_year | HQ Location |
Internet first brand of office furniture
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| domain | founded_year | HQ Location |
Multi-category furniture is offered for home offices and companies.
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| domain | founded_year | HQ Location |
Innovative furniture and home furnishings are designed by MillerKnoll brands.
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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 MityLite
When was MityLite founded?
MityLite was founded in 1987 and raised its 1st funding round 20 years after it was founded.
Where is MityLite located?
MityLite is headquartered in Orem, United States. It is registered at Orem, Utah, United States.
Who is the current CEO of MityLite?
John Dudash is the current CEO of MityLite.
What does MityLite do?
MityLite was founded in 1987 and is headquartered in Orem, United States. The company operates in the office furniture manufacturing sector, producing items such as folding tables, presentation tables, banquet chairs, folding chairs, stacking chairs, and task chairs. Products are distributed through the companys website and retail stores. Leadership is provided by CEO John Dudash.
Who are the top competitors of MityLite?
MityLite's top competitors include Steelcase, MillerKnoll and Poppin.
How many acquisitions has MityLite made?
MityLite has made 3 acquisitions, including Bertolinidirect, Carroll Chair, and Holsag.
Who are MityLite's investors?
MityLite has 2 investors. Key investors include Prospect Street, and Brent Robinson.
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