Mic Network Overview
- Year Founded
-
2011
- Status
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Acquired/Merged
- Employees
-
100
- Latest Deal Type
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M&A
- Latest Deal Amount
-
$5M
Mic Network General Information
Description
Operator of a news and media platform intended to inform, empower, and inspire millennials. The company's platform offers mobile-focused and social media-centric news on current events, investigates technological products and coverage of politics and public policy, thereby enabling users to stay updated with the current news and trends happening all over the world.
Contact Information
Website
www.mic.com(Operating Subsidiary)
Corporate Office
- 315 Park Avenue South
- 11th Floor
- New York, NY 10010
- United States
Corporate Office
- 315 Park Avenue South
- 11th Floor
- New York, NY 10010
- United States
Mic Network Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 4. Merger/Acquisition | 29-Nov-2018 | $5M | Completed | Generating Revenue | ||
| 3. Later Stage VC (Series C) | 08-Jun-2018 | Completed | Generating Revenue | |||
| 2. Early Stage VC (Series B) | 02-Jun-2015 | $17M | $32M | Completed | Startup | |
| 1. Early Stage VC (Series A) | 28-Apr-2014 | $14.9M | $14.9M | Completed | Startup |
Mic Network Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate ($) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series C | ||||||||
| Series B | ||||||||
| Series A3 | ||||||||
| Series A2 | ||||||||
| Series A1 | 879,421 | $0.000100 | $0.1 | $1.2 | $1.2 | 1x | $1.2 | 3.33% |
| Series A | 1,128,573 | $0.000100 | $0.03 | $0.35 | $0.35 | 1x | $0.35 | 3.75% |
Mic Network Comparisons
Industry
Financing
Details
Mic Network Competitors (26)
One of Mic Network’s 26 competitors is Upworthy, a Formerly VC-backed company based in New York, NY.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Upworthy | Formerly VC-backed | New York, NY | ||||
| The Daily Dot | Formerly VC-backed | Austin, TX | ||||
| Newser | Private Equity-Backed | Miami, FL | ||||
| HuffingtonPost Italia | Private Equity-Backed | Rome, Italy | ||||
| HuffPost Australia | Corporate Backed or Acquired | Australia |
Mic Network Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Mic Network Former Investors (17)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Advancit Capital | Venture Capital | Minority | ||
| Alumni Ventures | Venture Capital | Minority | ||
| Angel (individual) | Minority | |||
| Axel Springer | PE-Backed Company | Minority | ||
| BDMI | Corporate Venture Capital | Minority |
Mic Network Acquisitions (2)
Mic Network’s most recent deal was a Merger/Acquisition with Hyper (Curated Video Platform). The deal was made on 08-Mar-2016.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Hyper (Curated Video Platform) | 08-Mar-2016 | Merger/Acquisition | Entertainment Software | ||
| Asyncly | 01-Jan-2014 | Merger/Acquisition | Media and Information Services (B2B) |
Mic Network Affiliates
Subsidiaries (1)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Asyncly | New York, NY | 2013 |
Mic Network FAQs
-
When was Mic Network founded?
Mic Network was founded in 2011.
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Where is Mic Network headquartered?
Mic Network is headquartered in New York, NY.
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What is the size of Mic Network?
Mic Network has 100 total employees.
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What industry is Mic Network in?
Mic Network’s primary industry is Publishing.
-
Is Mic Network a private or public company?
Mic Network is a Private company.
-
What is the current valuation of Mic Network?
The current valuation of Mic Network is .
-
What is Mic Network’s current revenue?
The current revenue for Mic Network is .
-
How much funding has Mic Network raised over time?
Mic Network has raised $68.4M.
-
Who are Mic Network’s investors?
Advancit Capital, Alumni Ventures, , Axel Springer, and BDMI are 5 of 17 investors who have invested in Mic Network.
-
Who are Mic Network’s competitors?
Upworthy, The Daily Dot, Newser, HuffingtonPost Italia, and HuffPost Australia are some of the 26 competitors of Mic Network.
-
When was Mic Network acquired?
Mic Network was acquired on 29-Nov-2018.
-
Who acquired Mic Network?
Mic Network was acquired by Bustle Digital Group.
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