# Matik

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/matik

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.matik.io
- Total disclosed funding: $23M
- Latest round: Series A (Oct 13, 2021)
- Investors on record: 5

## About

Matik, Inc. offers innovative data-driven content automation software to streamline financial reporting and enhance analytics for businesses, catering to various sectors across North America and Europe.Matik, Inc. specializes in automating financial content generation, facilitating the creation of complex reports for businesses. Founded in 2019, the company is headquartered in San Francisco, US. The company has received a total of 2 funding rounds, with its most recent deal occurring on October 13, 2021, when it raised USD 20.00 mn in a Series A round led by Andreessen Horowitz, along with participation from Menlo Ventures, BoxGroup, GTMfund, and Oceans Ventures. The founder and CEO, Nikola Mijic, is recognized for his previous entrepreneurial ventures, contributing to the company's robust strategy and operations.Matik specializes in data-driven content automation software designed to streamline the content creation process for businesses. Their core offerings focus on automating monthly financial reports, leveraging AI to enhance accuracy and efficiency in data presentation. The software is tailored for a diverse clientele that includes finance professionals, marketing teams, and corporate communication departments, all of whom utilize the platform to generate insights and analytics that support decision-making. Matik's solutions are particularly valuable for organizations operating in the North American and European markets, where the demand for efficient reporting and automated content generation has seen significant growth. By enabling users to automate complex data narratives, Matik addresses the critical need for timely and error-free reporting in financial and business contexts.The revenue model for Matik is structured around subscription-based services, allowing clients to access their software through tiered pricing plans. These plans cater to varying levels of usage and feature sets, ensuring flexibility for both small businesses and larger enterprises. Transactions between Matik and its clients typically involve annual or monthly subscriptions, where users gain access to premium features, including advanced analytics and customization options. The flagship product, which automates financial reporting, is a central component of Matik's offerings and is pivotal in driving customer engagement and retention. This subscription model not only facilitates predictable revenue streams but also allows for ongoing updates and enhancements to the software, keeping clients aligned with the latest technological advancements in content automation.In October 2021, Matik, Inc. raised USD 20.00 mn in Series A funding to broaden its product offerings beyond sales and go-to-market teams. The company plans to develop new products aimed at enhancing its automation capabilities further. Additionally, Matik intends to expand into new markets, targeting regions with significant demand for automated reporting solutions, specifically in Europe and North America by 2023. The recent funding will support product development and market expansion initiatives.

## Funding rounds

- Series A, Oct 13, 2021, $20M — Menlo Ventures, Andreessen Horowitz, BoxGroup, Oceans Ventures, GTMfund
- Seed, Oct 11, 2019, $3M — Menlo Ventures, BoxGroup, Oceans Ventures

## Investors

- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Seed, Series A
- BoxGroup (https://capitalatlas.ai/funds/boxgroup) — Seed, Series A
- Oceans Ventures (https://capitalatlas.ai/funds/oceans-ventures) — Seed, Series A
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A
- GTMfund (https://capitalatlas.ai/funds/gtmfund) — Series A