Mic - About the company
Mic is an acquired company based in New York City (United States), founded in 2011 by Christopher Altchek. It operates as an A news and media company targeting millennials. Mic has raised $61.3M in funding from Lightspeed Venture Partners. The company has 6479 active competitors, including 39 funded and 132 that have exited. Its top competitors include companies like Axios, Rediff.com and Digg.
Company Details
Mic is an American media company targeting millennials and tries to explain complex world problems to its target audience. Claims to reach 22M+ monthly unique visitors and have a higher composition of 18 to 34-year-old readers than any other millennial-focused news site, including BuzzFeed and Vice.
- Website
- www.mic.com
Key Metrics
Founded Year
2011
Location
New York City, United States
Stage
Acquired
Total Funding
$61.3M in 9 rounds
Latest Funding Round
Investors
Ranked
2nd among 6479 active competitors
Employee Count
3,821 as on Jul 31, 2026
Exit Details
Acquired by Bustle.company (Nov 29, 2018)
Legal entities associated with Mic
Mic is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
BDG MEDIA, INC CIN: 5280631 , United States, Active | Jan 27, 2013 | - | 524 (As on Dec 31, 2021) | - |
MIC NETWORK INC. CIN: 450947777 , United States, Active | Dec 31, 1999 | - | 126 (As on Dec 31, 2017) | - |
Mic's acquisition details
Mic got acquired by Bustle.company on Nov 29, 2018 at an acquisition amount of $*****.
Click here to take a look at Mic's acquisition in detail
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Mic's funding and investors
Mic has raised a total funding of $61.3M over 9 rounds. Its latest funding round was a Series C round on Jun 21, 2017 for $*****. 1 investor participated in its latest round. Mic has 14 institutional investors.
Here is the list of recent funding rounds of Mic:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 21, 2017 | 7112673 | Series C | 5821537 | 5153507 | 4502062 | 7289308 |
Apr 07, 2017 | 9103505 | Series C | 8706919 | 4982229 | 7462356 | |
Mar 19, 2016 | 4708734 | Series B | 1717571 | 3803382 | 5266135 | 8101395 |
View details of Mic's funding rounds and investors
Mic's founders and board of directors
Founder? Claim ProfileThe founders of Mic is Christopher Altchek.
Here are the details of Mic's key team members:
- Christopher Altchek: CEO & Co-Founder of Mic.
View details of Mic's Founder profiles and Board Members
Mic's employee count trend
Mic has 3,821 employees as of Jul 26. Here is Mic's employee count trend over the years:
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Mic's Competitors and alternates
Top competitors of Mic include Axios, Rediff.com and Digg. Here is the list of Top 10 competitors of Mic, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Axios 2016, Arlington (United States), Acquired | App-based platform offering multi-category news | $30M | 77/100 | |
2nd | Mic 2011, New York City (United States), Acquired | A news and media company targeting millennials | $61.3M | 71/100 | |
3rd | Rediff.com 1996, Mumbai (India), Acquired | Provider of news, email services, stock quotes, and online expert advice | - | 70/100 | |
4th | Digg 2004, New York City (United States), Acquired | Human-first community platform for authentic connection and internet discovery | $49M | 68/100 | |
5th | Blog focusing on music, market, video, and other related topics | - | 67/100 | ||
6th | Provider of product testing and review services | - | 67/100 | ||
7th | Axel Springer 1946, Berlin (Germany), Public | Provider of news media and technology-related services and journalistic content | - | 64/100 | |
8th | Penske Media Corporation 2003, Los Angeles (United States), Series C | Provider of media and entertainment publications covering various industries and events | $235M | 63/100 | |
9th | Online platform offering multi-category news | - | 63/100 | ||
10th | App based platform offering multi category news | - | - | 62/100 |
Looking for more details on Mic's competitors? Click here to see the top ones
Mic's Investments and acquisitions
Mic has made no investments or acquisitions yet.
Reports related to Mic
Here is the latest report on Mic's sector:
News related to Mic
Media has covered Mic for 1 event in last 1 year, It was about company updates.
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Wildlife SOS Expands International Collaboration to Advance Elephant CarePR Newswire•Aug 06, 2026•Wildlifesos, Mic
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Bustle Digital Group Acquires The Outline in its Latest String of AcquisitionsAlleyWatch•Mar 30, 2019•Turner, Bustle, Bustle.company, The Outline and 1 other
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Bustle forks out $5m to buy Mic NetworkGlobal Corporate Venturing•Nov 30, 2018•Bustle, Mic, Bustle.company
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Mic lays off most of its staff as the pivot-to-video bloodbath reaches its zenithFast Company•Nov 29, 2018•Mic, Bustle.company
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Recode Daily: Facebook is trying original video again with Big Media news partnersthebreakingnewsheadlines.com•Jun 07, 2018•Facebook, CNN, Univision, Mic
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Facebook is funding news programs from CNN, Fox News, Univision and othersTechCrunch+•Jun 06, 2018•Facebook, Fox News, CNN, The Wall Street Journal and 4 others
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