About MyGug
MyGug is a company based in Cork (Ireland) founded in 2021 by Kieran Coffey and Fiona Kelleher.. MyGug has raised $972.61 thousand across 1 funding round from investors including Bessemer Venture Partners and Enterprise Ireland. MyGug offers products and services including MyGug Mini, MyGug Midi, and MyGug Maxi. MyGug operates in a competitive market with competitors including Agrivert, Divert, Cambium Carbon, LanzaJet and Natural World Products, among others.
- Headquarter Cork, Ireland
- Founders Kieran Coffey, Fiona Kelleher
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Sectors
Environment
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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
$972.61 K (USD)
in 1 rounds
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Latest Funding Round
$972.61 K (USD), Seed
Mar 25, 2024
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Investors
Bessemer Venture Partners
& 1 more
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Employee Count
Employee Count
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Products & Services of MyGug
MyGug offers a comprehensive portfolio of products and services, including MyGug Mini, MyGug Midi, and MyGug Maxi. 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.
Small-scale system for up to 5.5kg daily food waste conversion
Medium-scale for up to 11kg food waste processing per day
Large-scale unit handling up to 18kg food waste daily
Funding Insights of MyGug
MyGug has successfully raised a total of $972.61K through 1 strategic funding round. The most recent funding activity was a Seed round of $972.61 thousand completed in March 2024. 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 Seed — $972,612
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First Round
First Round
(25 Mar 2024)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2024 | Amount | Seed - MyGug | Valuation | Bessemer Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 MyGug
MyGug has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Bessemer Venture Partners and Enterprise Ireland. 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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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Support is provided to Irish manufacturing and service sector businesses.
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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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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 MyGug
| 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 - MyGug
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Mygug Comparisons
Competitors of MyGug
MyGug 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 Agrivert, Divert, Cambium Carbon, LanzaJet and Natural World Products, 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 |
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| domain | founded_year | HQ Location |
Organic waste is managed and recycled into electricity and bio-fertilizers.
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| domain | founded_year | HQ Location |
Recyclable waste management services are provided globally.
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| domain | founded_year | HQ Location |
Carbon waste management services are provided by Cambium Carbon.
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| domain | founded_year | HQ Location |
Carbon recycling services are provided for sustainable fuel production.
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| domain | founded_year | HQ Location |
Organic waste recycling services are provided in the United Kingdom.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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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Latest news on Mygug
Frequently Asked Questions about MyGug
When was MyGug founded?
MyGug was founded in 2021 and raised its 1st funding round 3 years after it was founded.
Where is MyGug located?
MyGug is headquartered in Cork, Ireland.
Who is the current CEO of MyGug?
Fiona Kelleher is the current CEO of MyGug. They have also founded this company.
Is MyGug a funded company?
MyGug is a funded company, having raised a total of $972.61K across 1 funding round to date. The company's 1st funding round was a Seed of $972.61K, raised on Mar 25, 2024.
What does MyGug do?
MyGug was founded in 2021 in Cork, Ireland, as a provider of micro-scale anaerobic digestion systems. Food waste from small businesses and schools is processed to produce biogas for energy and liquid bio-fertilizer for agriculture. Operations focus on sustainable waste management in the renewable energy sector, with systems designed for on-site installation and use in educational and commercial settings across Europe.
Who are the top competitors of MyGug?
MyGug's top competitors include Divert, Cambium Carbon and Natural World Products.
What products or services does MyGug offer?
MyGug offers MyGug Mini, MyGug Midi, and MyGug Maxi.
Who are MyGug's investors?
MyGug has 2 investors. Key investors include Bessemer Venture Partners, and Enterprise Ireland.
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