# Mitico

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

- Industry: Environmental Services
- Headquarters: Los Angeles, US
- Website: www.mitico.tech
- Total disclosed funding: $4.3M
- Latest round: Seed (Feb 25, 2025)
- Investors on record: 7

## About

Mitico, Inc. is a technology firm focused on advanced carbon mitigation solutions, dedicated to capturing and purifying CO2 emissions from industrial processes. Founded in 2022, Mitico specializes in carbon mitigation technology that captures and purifies emissions, with its headquarters located in Los Angeles, US. Founded in 2022, Mitico specializes in carbon mitigation technology that captures and purifies emissions. Its headquarters are located in Los Angeles, US. In February 2025, Mitico, Inc. raised USD 4.3 million in seed funding led by Exergon, with participation from Deepbright Ventures, Alliance for SoCal Innovation, AP Ventures, Halliburton Labs, W.L. Gore & Associates, Inc., and Freeflow Ventures also participated in the round. Mitico specializes in advanced carbon mitigation technology designed to capture and purify carbon dioxide emissions at their source, specifically targeting post-combustion processes. The flagship offering functions as an emission control system tailored for industrial applications, including flue gases from boilers, turbines, and processes with low CO2 concentrations ranging from 3% to 18%. By utilizing a unique chemical sorbent composed of environmentally-friendly and abundant materials, Mitico's solution aims to mitigate the harmful effects of industrial carbon emissions on both people and the environment. Their technology is characterized by its affordability, operational simplicity, and integration capabilities, making it accessible to a wide range of industrial clients. The company's products primarily serve markets in North America and Europe, where there is a growing demand for sustainable solutions to carbon management.Mitico's revenue model is predicated on the direct sale of its carbon mitigation systems to industrial clients, along with potential subscription-based services for ongoing support and maintenance. Transactions typically occur on a B2B basis, with companies purchasing the technology outright, along with associated services that may include installation and operational training. The structured pricing plans reflect the competitive nature of the market, ensuring high value for clients who prioritize sustainability in their operations. Specific details about pricing plans are not disclosed; however, the focus remains on providing cost-effective solutions that address emission reductions. By targeting a diverse client base across various industrial sectors, Mitico aims to establish itself in the rapidly evolving carbon mitigation landscape. In February 2025, Mitico, Inc. raised USD 4.3 million in Seed funding led by Exergon, with participation from other investors including Alliance for SoCal Innovation, AP Ventures, Halliburton Labs, W.L. Gore & Associates, Inc., and Freeflow Ventures also participated in this round. The company plans to use the funding to deploy its industrial carbon capture technology. Mitico is focused on upcoming product launches aimed at enhancing their carbon capture capabilities, with detailed plans for expansion into additional European markets by 2026.

## Funding rounds

- Seed, Feb 25, 2025, $4.3M — SOSV, W.L. Gore & Associates, Inc., AP Ventures, Freeflow Ventures, Halliburton Labs, Exergon, Alliance for SoCal Innovation

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- W.L. Gore & Associates, Inc. — Seed
- AP Ventures (https://capitalatlas.ai/funds/ap-ventures) — Seed
- Freeflow Ventures (https://capitalatlas.ai/funds/freeflow-ventures) — Seed
- Halliburton Labs — Seed
- Exergon (https://capitalatlas.ai/funds/exergon) — Seed
- Alliance for SoCal Innovation — Seed