Mitico - About the company
Mitico is a series A company based in Pasadena (United States), founded in 2022 by Alan Gu, Clement Cid and Leopold Dobelle. It operates as a Provider of carbon capture technology for industrial emissions. Mitico has raised $11.9M in funding from investors like Caltech, SOSV and Exergon. The company has 375 active competitors, including 129 funded and 11 that have exited. Its top competitors include companies like Carbon Clean, Ebb Carbon and Heirloom.
Company Details
Provider of carbon capture technology for industrial emissions. It is an accessible solution to mitigate the impact industrial carbon emissions have on people and the environment. It collects and purifies carbon dioxide at the source post-combustion before it enters the atmosphere. It is similar to an emission control system well-suited for flue gases from boilers, turbines, and industrial processes with low CO2 concentrations. It is positioned to play a pivotal role in the global efforts to combat climate change, offering a range of services that span the entire carbon capture value chain.
Key Metrics
Founded Year
2022
Location
Pasadena, United States
Stage
Series A
Total Funding
$11.9M in 3 rounds
Latest Funding Round
Ranked
51st among 375 active competitors
Employee Count
14 as on May 31, 2026
Similar Companies
Legal entities associated with Mitico
Mitico is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
MITICO, INC CIN: 6976308 , United States, Active | Aug 18, 2022 | - | - | - |
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Mitico's funding and investors
Mitico has raised a total funding of $11.9M over 3 rounds. Its first funding round was on May 29, 2024. Its latest funding round was a Series A round on Feb 25, 2025 for $*****. 8 investors participated in its latest round. Mitico has 10 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Mitico:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 25, 2025 | 7602132 | Series A | 9817098 | 3761441 | 3930473 | 1385644 |
Dec 23, 2024 | 3602604 | Series A | 6129681 | 4815351 | 1109266 | 4452570 |
May 29, 2024 | 1393574 | Seed | 1927527 | 6928583 |
View details of Mitico's funding rounds and investors
Mitico's founders and board of directors
Founder? Claim ProfileThe founders of Mitico are Alan Gu, Clement Cid and Leopold Dobelle. Clement Cid is the CEO of Mitico.
Here are the details of Mitico's key team members:
- Alan Gu: Co-Founder & CTO of Mitico. Contact Info: 1 email address
- Clement Cid: Co-Founder & CEO of Mitico. Contact Info: 1 email address
- Leopold Dobelle: Co-Founder & COO of Mitico. Contact Info: 1 email address
View details of Mitico's Founder profiles and Board Members
Mitico's employee count trend
Mitico has 14 employees as of May 26. Here is Mitico's employee count trend over the years:
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Mitico's Competitors and alternates
Top competitors of Mitico include Carbon Clean, Ebb Carbon and Heirloom. Here is the list of Top 10 competitors of Mitico, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Carbon Clean 2009, London (United Kingdom), Series C | Developer of technology for industrial carbon capture and utilisation solutions | $243M | 68/100 | |
2nd | Ebb Carbon 2021, San Carlos (United States), Series A | Provider of electrochemical technology for freshwater recovery, carbon removal, and chemicals | $33.8M | 67/100 | |
3rd | Heirloom 2020, San Francisco (United States), Series B | Provider of direct air capture technology for permanent carbon dioxide removal | $203M | 64/100 | |
4th | Mission Zero 2020, London (United Kingdom), Series A | Developer of technology to recover carbon dioxide from the atmosphere | $32.8M | 64/100 | |
5th | UNDO 2022, London (United Kingdom), Series B | Provider of carbon removal services | $12M | 63/100 | |
6th | CarbonCapture 2019, Los Angeles (United States), Series A | Developer of modular direct air capture systems and carbon removal credits | $115M | 63/100 | |
7th | Provider of large-scale reforestation-based carbon removal. It undertakes native, biodiverse reforestation projects to remove significant amounts of atmospheric carbon. The company works with landowners, utilizing various financial models including outcome bonds, to facilitate these projects. This approach aims to restore degraded land, promote biodiversity, and create economic opportunities. It focuses on building long-term partnerships and employing scientific methods to ensure the integrity and effectiveness of its carbon removal initiatives. | $89.2M | 63/100 | ||
8th | Charm Industrial 2018, San Francisco (United States), Series B | Operator of carbon removal technology converting biomass into bio-oil for sequestration | $108M | 62/100 | |
9th | Scaling regenerative agriculture through carbon credits and sustainable supply chain solutions | $84.2M | 62/100 | ||
10th | Immaterial 2015, Cambridge (United Kingdom), Series A | Manufacturer of nanoscale metal-organic frameworks | $18.2M | 62/100 | |
51st | Mitico 2022, Pasadena (United States), Series A | Provider of carbon capture technology for industrial emissions | $11.9M | 45/100 |
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Mitico's Investments and acquisitions
Mitico has made no investments or acquisitions yet.
Reports related to Mitico
Here is the latest report on Mitico's sector:
News related to Mitico
•
Mitico Secures $4.3 Million Seed Funding To Commercialize Industrial Carbon Capture Technologyintelligence360•Feb 26, 2025•Mitico, W. L. Gore & Associates, AP Ventures, Halliburton Labs and 5 others
•
Mitico secures $4.3 million in seed funding to commercialize its industrial carbon capture technologyBusiness Wire•Feb 26, 2025•Mitico, Exergon, W. L. Gore & Associates, AP Ventures and 6 others
•
Halliburton Labs Welcomes Five New Companies to Accelerate the Future of EnergyBusiness Wire•Dec 18, 2024•Halliburton Labs, 360 ENERGY, Cella Mineral Storage, Espiku and 2 others
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