# Mighty Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mighty-software

- Industry: Internet
- Headquarters: Palo Alto, US
- Website: www.mightynetworks.com
- Total disclosed funding: $70M
- Latest round: Series B (Apr 16, 2021)
- Investors on record: 12

## About

Mighty Software, Inc. provides an advanced community platform designed for creators and organizations, enabling them to deliver courses, host events, and foster member engagement within a single, customizable solution.Founded in 2011 by Thomas Aaron in Palo Alto, California, Mighty Software, Inc. specializes in community-building technologies. The company has successfully completed 4 funding deals, with the most recent being a Series B round on April 16, 2021, raising a total of USD 53.76 mn led by Owl Ventures. Mighty Networks does not have any known subsidiaries.Mighty Networks specializes in providing a comprehensive community platform that integrates features for course delivery, event hosting, and member engagement into a single solution. Their core offerings include customizable branded apps, robust analytics for community management, and various engagement tools such as gamification elements, AI-driven chat support, and automated member interactions. These functionalities cater primarily to creators, entrepreneurs, and organizations looking to build and monetize their own communities. The platform has been designed to facilitate direct interactions among members, fostering a vibrant community experience that addresses the needs for networking, support, and shared learning among its users. Mighty Networks serves a diverse clientele across multiple geographical markets, including North America, Europe, and Australia, where it appeals to both professional coaching entities and content creators seeking to establish a loyal audience base.Mighty Networks generates revenue primarily through subscription-based pricing plans that offer varying levels of service tailored to different user needs, including individual creators and businesses. The company’s pricing structure includes plans that allow users to start a community for a nominal monthly fee, with additional plans providing advanced features such as customized app development and enhanced automation capabilities for businesses looking to scale. Their flagship offerings enable clients to host online courses and challenges while managing member interactions effectively. Revenue is derived from both direct-to-consumer subscriptions and B2B arrangements, depending on the specific needs of community leaders and organizations. Each subscription plan is crafted to enhance user engagement and retention, leading to a sustainable revenue model for Mighty Networks.Following the Series B funding round, which raised USD 53.76 mn in April 2021, Mighty Networks plans to utilize the funds for development across various media types and payment options. The company aims to expand into new markets, including specific regions that will enhance its global footprint. Upcoming product developments are anticipated but specific release dates are not disclosed. The strategic use of recent funding is directed towards enhancing features and accelerating market entry into identified areas.

## Funding rounds

- Series B, Apr 16, 2021, $54M — Intel Capital, Lucas Venture Group, Great Oaks Venture Capital, OWL Ventures, BBG Ventures, LionTree, Ziff Capital Partners
- Series A, Apr 3, 2019, $11M — Intel Capital, First Round Capital, Floodgate, Lucas Venture Group, BBG Ventures, Sierra Wasatch Capital
- Series A, Oct 25, 2016, $5M — First Round Capital, Lucas Venture Group, Great Oaks Venture Capital, BBG Ventures, Sierra Wasatch Capital
- Seed, Dec 1, 2011 — Greycroft, Lucas Venture Group, Cowboy Ventures

## Investors

- Greycroft (https://capitalatlas.ai/funds/greycroft) — Seed
- Lucas Venture Group (https://capitalatlas.ai/funds/lucas-venture-group) — Seed, Series A, Series B
- Cowboy Ventures (https://capitalatlas.ai/funds/cowboy-ventures) — Seed
- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Series A
- Great Oaks Venture Capital (https://capitalatlas.ai/funds/great-oaks-venture-capital) — Series A, Series B
- BBG Ventures (https://capitalatlas.ai/funds/bbg-ventures) — Series A, Series B
- Sierra Wasatch Capital (https://capitalatlas.ai/funds/sierra-wasatch-capital) — Series A
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series A, Series B
- Floodgate (https://capitalatlas.ai/funds/floodgate) — Series A
- OWL Ventures (https://capitalatlas.ai/funds/owl-ventures) — Series B
- LionTree (https://capitalatlas.ai/funds/liontree) — Series B
- Ziff Capital Partners — Series B