# Minit j.s.a.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/minit-j-s-a

- Industry: Software
- Headquarters: Bratislava, Slovakia
- Website: www.minit.io
- Total disclosed funding: $7.7M
- Latest round: Series A (Oct 16, 2019)
- Investors on record: 4

## About

Minit j.s.a. is a digital performance solutions provider that enhances operational efficiency through process mining, automation, and optimization tools, helping businesses analyze workflows and streamline operations.Founded in 2013 in Bratislava, Slovakia, Minit j.s.a. focuses on offering digital performance solutions to organizations. The company has successfully completed 3 deals, with the most recent funding round of EUR 7.00 mn raised in a SERIES A round led by Target Global, alongside investors such as Bek Ventures, OTB Ventures, and Salesforce Ventures. In February 2022, Minit was acquired by Microsoft Corporation, though the financial terms of the deal were not disclosed. Rasto Hlavac, who founded the company, has a strong background in tech entrepreneurship.Minit.io specializes in providing a range of digital performance solutions designed to enhance operational efficiency for businesses. Their core offerings include cloud-based tools focused on process mining, automation, and optimization, which allow organizations to analyze workflows, identify bottlenecks, and streamline operations. By leveraging data analytics, Minit.io assists companies in making informed decisions to improve productivity and reduce costs. The primary end users of these services include enterprises across various sectors such as manufacturing, finance, and technology, looking to optimize their internal processes. Minit.io’s products are available in key geographical markets including North America, Europe, and parts of Asia, catering to a diverse clientele that seeks to harness data-driven insights for operational excellence.In the most recent year, Minit j.s.a. reported revenue of EUR 639,322 and an EBITDA of EUR 188,102. The company generates revenue through a subscription-based model, allowing businesses to access its suite of digital performance solutions on a recurring basis. Customers typically engage with the company on an annual or multi-year basis, securing contracts that provide access to various tools and features customized to their operational needs, which fosters long-term partnerships and customer loyalty.Minit j.s.a. looks to capitalize on its recent acquisition by Microsoft by expanding its product line and enhancing its existing offerings. Specific upcoming tools are currently under development, with expectations for release in the near future. The company is also planning to enter new markets in Asia and South America by the end of 2023. The funding received from the SERIES A round will support these initiatives, facilitating both product development and market expansion efforts.

## Funding rounds

- Series A, Oct 16, 2019, $7.7M — Target Global, Salesforce Ventures, OTB Ventures, Bek Ventures

## Investors

- Target Global (https://capitalatlas.ai/funds/target-global) — Series A
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series A
- OTB Ventures (https://capitalatlas.ai/funds/otb-ventures) — Series A
- Bek Ventures (https://capitalatlas.ai/funds/bek-ventures) — Series A