Mygrants Srl

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Mygrants Srl - overview

Established

2017

Location

Catania, Sicily, Italy

Primary Industry

Software

About

Mygrants Srl specializes in innovative grant management solutions, providing a comprehensive platform that streamlines the grant application process for organizations and individuals seeking funding opportunities. Founded in 2017 in Catania, Italy, Mygrants Srl offers a platform that facilitates the entire lifecycle of grant applications. The company has successfully completed 4 deals, with the latest funding round occurring on December 17, 2020, raising EUR 0. 3 million from investors including OPES-LCEF, Trust Future Food Institute, and You Can Group.


Christian Nzi, the founder, has played a critical role in the company's strategic direction. Mygrants Srl provides a suite of solutions designed to streamline grant management processes for various organizations. Its core offering is a comprehensive grant management platform that simplifies every aspect of grant applications from submission to reporting. Key features include automated workflows, customizable templates, and real-time tracking capabilities.


The platform has a diverse user base including non-profit organizations, educational institutions, and governmental bodies, and is expanding its market presence in North America and Europe. In 2022, Mygrants Srl reported a revenue of EUR 268,443. 70 with an EBITDA of EUR -211,446. 90.


The company generates revenue primarily through a subscription-based model, providing clients access to its services on a recurring basis. The pricing structure accommodates various organizational sizes and needs, ensuring a tailored service experience. Mygrants Srl aims to leverage its recent funding of EUR 0. 3 million to enhance its product offerings and expand into new geographical markets.


The company is in the process of designing additional features for its grant management platform, targeting a release in 2023. Furthermore, specific plans include expanding its reach within North America and increasing its footprint in European markets to capture a broader client base. This growth strategy will be supported by the insights gained from the recent funding round.


Current Investors

Trust Future Food Institute, OPES-LCEF, You Can Group

Primary Industry

Software

Sub Industries

Education & Training Software

Website

www.mygrants.it

Verticals

EdTech, Mobile Apps

Company Stage

Angel & Seed

Total Amount Raised

Subscriber access only

Mygrants Srl - timeline of key events

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Mygrants Srl - financials

Fiscal Year EndedDec 31, 2017Dec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022
Revenue (USD)33,54584,70384,758---
% Revenue Growth (YoY)-152.5%0.1%---
EBITDA (USD)(10,363)20,718(22,557)---
Operating Income (USD)(10,695)14,349(38,964)---
Operating Margin(31.9%)16.9%(46.0%)---
% EBITDA Margin(30.9%)24.5%(26.6%)---
NET Income (USD)(10,736)7,817(39,070)---
% Net Margin(32.0%)9.2%(46.1%)---

Mygrants Srl - employee data

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