# Mic Network

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mic-network

- Industry: Media
- Headquarters: New York, US
- Website: www.mic.com
- Total disclosed funding: $59M
- Latest round: Series C (Jun 21, 2017)
- Investors on record: 11

## About

Mic Network Inc. is a digital media platform dedicated to producing content that resonates with younger audiences, focusing on social issues, lifestyle, and cultural commentary.Founded in 2011 in New York, US, Mic Network Inc. operates as a digital media platform that creates and distributes content targeted at younger demographics. The company was acquired by BDG Media Inc. in November 2018 for USD 5 million. Mic has raised a total of USD 6.50 mn over multiple funding rounds, with its most recent being an Add-on Trade Sale led by Bustle. The firm has engaged in 7 deals since its inception, reflecting its strategic business moves throughout the years.Mic primarily offers a digital media platform that focuses on producing and distributing content aimed at younger audiences, emphasizing social issues, lifestyle, and cultural commentary. The platform features various articles, videos, and multimedia content addressing contemporary topics such as health, activism, and entertainment, catering to a demographic that values information and engagement. Its distribution occurs mainly through its website and social media channels, allowing reach beyond the United States into international markets.Mic generates revenue primarily through advertising partnerships and sponsored content, collaborating with brands to connect with its engaged audience. The transaction structure involves creating tailored content that aligns with both the brand's messaging and Mic's editorial voice. While specific pricing plans for advertising services are not disclosed, key offerings include high-impact ad placements and bespoke content production leveraging editorial expertise.Mic's strategy for future growth includes enhancing its digital media offerings and expanding into new geographic markets. The recent funding will support initiatives aimed at fortifying its content creation capabilities and exploring potential partnerships. With the goal of engaging more users, Mic aims to tap into emerging markets through targeted outreach, ensuring its content remains relevant and impactful. The company plans to utilize its new initiatives to solidify its presence in the digital media landscape.

## Funding rounds

- Series C, Jun 21, 2017, $6.5M — WPP Ventures
- Series C, Apr 7, 2017, $21M — Lightspeed Venture Partners, WarnerMedia Investments, The Brandtech Group LLC, kyu Collective
- Series B, Jun 2, 2015, $17M — Lightspeed Venture Partners, Lerer Hippeau Ventures, Advancit Capital, Red Swan Ventures, Axel Springer Digital Ventures
- Series A, Apr 28, 2014, $10M — Lightspeed Venture Partners, Lerer Hippeau Ventures, Advancit Capital, Knight Enterprise Fund, Red Swan Ventures
- Seed, Oct 15, 2013, $3M — Lightspeed Venture Partners, Lerer Hippeau Ventures, Advancit Capital, Red Swan Ventures
- Seed, Mar 1, 2013, $1.8M — Knight Enterprise Fund, SCB10X

## Investors

- Knight Enterprise Fund (https://capitalatlas.ai/funds/knight-enterprise-fund) — Seed, Series A
- SCB10X (https://capitalatlas.ai/funds/scb10x) — Seed
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed, Series A, Series B, Series C
- Lerer Hippeau Ventures — Seed, Series A, Series B
- Advancit Capital (https://capitalatlas.ai/funds/advancit-capital) — Seed, Series A, Series B
- Red Swan Ventures (https://capitalatlas.ai/funds/red-swan-ventures) — Seed, Series A, Series B
- Axel Springer Digital Ventures (https://capitalatlas.ai/funds/axel-springer-digital-ventures) — Series B
- WarnerMedia Investments (https://capitalatlas.ai/funds/warnermedia-investments) — Series C
- The Brandtech Group LLC — Series C
- kyu Collective — Series C
- WPP Ventures (https://capitalatlas.ai/funds/wpp-ventures) — Series C