About Mycs
Mycs is a company based in Berlin (Germany) founded in 2014 was acquired by Equivia in July 2022.. Mycs has raised $22.14 million across 2 funding rounds from investors including Beringea, Myron Zimmerman Investments and Global Founders Capital. The company has 70 employees as of December 31, 2019. Mycs offers products and services including Sofas, Regale, and Schränke. Mycs operates in a competitive market with competitors including Pickawood, Frohraum, deinSchrank and Palasts, among others.
- Headquarter Berlin, Germany
- Employees 70 as on 31 Dec, 2019
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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
*********
- Legal Name Mycs Gmbh
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Annual Revenue
$19.79 M (USD)71as on Dec 31, 2019
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Net Profit
$7.35 M (USD)1as on Dec 31, 2019
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EBITDA
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Total Equity Funding
$22.14 M (USD)
in 2 rounds
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Latest Funding Round
$11.59 M (USD), Series B
Jun 20, 2018
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Investors
Beringea
& 6 more
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Employee Count
70
as on Dec 31, 2019
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Acquired by
Equivia
(Jul 04, 2022)
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Products & Services of Mycs
Mycs offers a comprehensive portfolio of products and services, including Sofas, Regale, and Schränke. 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.
Customizable seating options for homes and offices.
Modular shelves for books and storage needs.
Custom cabinets for organization and display.
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Funding Insights of Mycs
Mycs has successfully raised a total of $22.14M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $11.59 million completed in June 2018. 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 Series B — $11.6M
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First Round
First Round
(09 Mar 2017)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Series B - Mycs | Valuation | Beringea | |
| Mar, 2017 | Amount | Series A - Mycs | Valuation | Global Founders Capital |
| 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 Mycs
Mycs has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Beringea, Myron Zimmerman Investments and Global Founders 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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Investments are made in growth-stage startups by Beringea.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage startups
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Founded Year | Domain | Location | |
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Support is offered for company growth and operational success.
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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 Mycs
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 |
Financial Statements - Mycs
| 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 |
Mycs Comparisons
Competitors of Mycs
Mycs 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 Pickawood, Frohraum, deinSchrank and Palasts, 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 |
Custom furniture design, configuration, UK delivery, and sustainable materials service.
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| domain | founded_year | HQ Location |
Provides custom solid wood furniture through online configurator and physical consultations.
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| domain | founded_year | HQ Location |
Operates an online private label for furniture products.
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| domain | founded_year | HQ Location |
Operates a direct-to-consumer brand offering customized furniture products.
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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 Mycs
When was Mycs founded?
Mycs was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is Mycs located?
Mycs is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Is Mycs a funded company?
Mycs is a funded company, having raised a total of $22.14M across 2 funding rounds to date. The company's 1st funding round was a Series A of $10.56M, raised on Mar 09, 2017.
How many employees does Mycs have?
As of Dec 31, 2019, the latest employee count at Mycs is 70.
What is the annual revenue of Mycs?
Annual revenue of Mycs is $19.79M as on Dec 31, 2019.
What does Mycs do?
Mycs is an online customization platform for furniture. It offers customizations for various products including dining, coffee, side tables, bookshelves, wall units, wardrobes etc. The customers can use the online tool to adjust dimensions, choose the material, color etc. It gets the products made in manufacturing facilities across Europe. The company claims to use sustainable raw materials in their manufacturing. It also offers made-to-measure services by connecting customers with interior designers. It has expanded to open offline experience stores in Berlin, Hamburg, Munich, Dusseldorf, Paris, and Zurich.
Who are the top competitors of Mycs?
Mycs's top competitors include Pickawood, Frohraum and deinSchrank.
What products or services does Mycs offer?
Mycs offers Sofas, Regale, and Schränke.
Who are Mycs's investors?
Mycs has 7 investors. Key investors include Beringea, Myron Zimmerman Investments, Global Founders Capital, Uwe Horstmann, and Florian Heinemann.