# MITO Material Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mito-material-solutions

- Industry: Chemicals
- Headquarters: Indianapolis, US
- Website: www.mitomaterials.com
- Total disclosed funding: $1M
- Latest round: Seed (May 20, 2020)
- Investors on record: 7

## About

MITO Material Solutions is a company focused on advanced material solutions utilizing patented hybrid additive technology to enhance performance and sustainability in various applications across industries.Founded in 2016 in Indianapolis, US, MITO Material Solutions specializes in advanced materials that improve the performance of composites and thermoplastics. The company was co-founded by Haley Keith and Kevin Keith, with Haley serving as CEO. MITO has engaged in two funding rounds, the latest being a Seed round in January 2022, raising USD 4.32 mn led by Ingevity Corporation, bringing the total funds raised to USD 4.32 mn with a current valuation of USD 31.90 mn.MITO Materials specializes in advanced material solutions that utilize patented hybrid additive technology to improve the performance and sustainability of various composites and thermoplastics. Their core products include MITO® E-GO™ and MITO® ACRE™, designed to enhance strength, durability, flexibility, and sustainability in applications across industries such as sports and recreation, transportation, automotive, and infrastructure. These products address manufacturing challenges, enabling enhanced performance without altering existing processes. Their customer base includes manufacturers in elite sporting goods, automotive, and construction, primarily in North America, Europe, and Asia.MITO Materials operates a B2B revenue model, collaborating with manufacturers to supply its innovative hybrid additives. Their products, MITO® E-GO™ and MITO® ACRE™, are crucial in improving product performance for clients, particularly in the automotive and aerospace sectors. Pricing is customized based on application needs and volume requirements, ensuring flexibility for a range of clients from large manufacturers to smaller enterprises. MITO aims to establish long-term relationships with clients, ensuring a consistent supply of tailored advanced materials.In January 2022, MITO Material Solutions raised USD 4.32 mn in seed funding, led by Ingevity Corporation, to support their operations in Indianapolis. The funding will facilitate the expansion of their product offerings and operations. MITO plans to develop and launch new products to meet the demands of growing markets in North America, Europe, and Asia. With a focus on increasing their footprint in the automotive and aerospace industries, MITO is positioning itself to address the need for sustainable materials, targeting specific market segments by the end of 2023.

## Funding rounds

- Seed, May 20, 2020, $1M — Elevate Ventures, Evergreen Climate Innovations, VisionTech Partners, HG Ventures, Cortado Ventures, Dipalo Ventures, CAV Angels

## Investors

- Elevate Ventures (https://capitalatlas.ai/funds/elevate-ventures) — Seed
- Evergreen Climate Innovations (https://capitalatlas.ai/funds/evergreen-climate-innovations) — Seed
- VisionTech Partners (https://capitalatlas.ai/funds/visiontech-partners) — Seed
- HG Ventures (https://capitalatlas.ai/funds/hg-ventures) — Seed
- Cortado Ventures (https://capitalatlas.ai/funds/cortado-ventures) — Seed
- Dipalo Ventures (https://capitalatlas.ai/funds/dipalo-ventures) — Seed
- CAV Angels (https://capitalatlas.ai/funds/cav-angels) — Seed