Mitte

Mitte

The world's first smart water system that unites water purification with enhancement.

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DateInvestorsAmountRound
-investor investor

€0.0

round
investor

€0.0

round
N/A

€0.0

round
investor

€0.0

round
investor investor investor

€0.0

round

€3.7m

Convertible
Total Funding000k

Financials

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Revenues, earnings & profits over time
EUR2018201920202021
Revenues0000000000000000
% growth---7066 %
EBITDA0000000000000000
Profit0000000000000000
% profit margin--(155857 %)(4606 %)
EV0000000000000000
EV / revenue00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x
R&D budget0000000000000000

Source: Company filings or news article

More about Mitte
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Mitte is a German-based startup that offers an innovative solution for transforming tap water into purified, mineralized, and sparkling water. The company aims to replace single-use bottled water, thereby reducing plastic waste and promoting sustainability. Mitte's primary product, the Mitte Home, is a device that purifies and enhances tap water by adding essential minerals, mimicking the natural water cycle. This product caters to environmentally conscious consumers who seek a healthier and more sustainable alternative to bottled water.

Mitte operates in the consumer goods market, specifically targeting the home water purification segment. Its clients are primarily households and individuals who value health, convenience, and environmental sustainability. The company’s business model revolves around direct-to-consumer sales through its website, where customers can purchase the Mitte Home device and its associated consumables, such as the Balance Cartridge and PET Bottles.

Revenue is generated through the sale of the Mitte Home device and recurring purchases of consumables. The Balance Cartridge, which needs replacement after purifying 250 liters of water, and the PET Bottles, which have a capacity of 860ml, are essential for the continued use of the device. Additionally, Mitte offers a Cylinder for carbonation, allowing users to choose between still, lightly sparkling, or fully sparkling water.

Mitte's products are designed, engineered, and manufactured in Germany, adhering to the highest industry standards. This ensures high-quality and reliable performance, which is crucial for maintaining customer trust and satisfaction. The company emphasizes the purity and taste of its water, which is double-filtered and lightly mineralized for a fresh, clean taste.

In summary, Mitte is revolutionizing the way people consume water at home by providing a sustainable, health-conscious alternative to bottled water. The company’s focus on quality, sustainability, and customer convenience positions it well in the growing market for home water purification systems.

Keywords: water purification, sustainability, home device, mineralized water, sparkling water, German engineering, consumer goods, health-conscious, direct-to-consumer, plastic waste reduction.

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