# Mictic

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

- Industry: Consumer Products
- Headquarters: Zurich, Switzerland
- Website: www.mictic.com
- Total disclosed funding: $2.5M
- Latest round: Seed (Nov 1, 2021)
- Investors on record: 3

## About

Mictic AG specializes in developing innovative technology solutions that enhance user experiences and streamline operations for various sectors, addressing critical workflow challenges faced by businesses.Founded in 2018, Mictic AG is based in Zurich, Switzerland, and focuses on providing advanced technology platforms for diverse clients. The company raised USD 2.5 mn in Seed funding in November 2021, led by PTK Capital, with participation from Swiss Startup Group and Serpentine Ventures. Mershad Javan serves as the CEO.Mictic AG offers innovative solutions tailored to the needs of its clients, including advanced technology platforms designed to streamline operations and enhance user experiences. Their products cater to various sectors, addressing significant workflow pain points and improving efficiency for small to medium-sized enterprises and large corporations. The company operates in key markets across North America, Europe, and Asia-Pacific, with recent product updates enhancing functionality and integration capabilities.Mictic AG's revenue is generated primarily through a combination of subscription-based models and direct sales. Clients engage in service agreements, ensuring consistent revenue through recurring payments, which vary based on the scale of services. Flagship products are offered under different pricing plans, with significant transactions typically involving annual subscriptions for software licenses, fostering long-term client relationships across operational regions.Following the recent Seed funding of USD 2.5 mn raised in November 2021, Mictic AG plans to use the investment to support the launch of new products and to expand its workforce. The company is focused on entering additional markets in North America, Europe, and Asia-Pacific by 2023. This strategic growth initiative aims to further enhance the company's offerings and reach within these regions.

## Funding rounds

- Seed, Nov 1, 2021, $2.5M — Swiss Startup Group, PTK Capital, Serpentine Ventures

## Investors

- Swiss Startup Group (https://capitalatlas.ai/funds/swiss-startup-group) — Seed
- PTK Capital — Seed
- Serpentine Ventures (https://capitalatlas.ai/funds/serpentine-ventures) — Seed