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§ Private Profile · Üsküdar, Istanbul, Turkey
Midas is a technology company.
Midas International operates as an extensive chain of automotive service centers, delivering a wide array of vehicle maintenance and repair. Its primary offerings include brake repair, oil changes, tire sales and service, exhaust work, and steering and suspension services. A franchised model ensures consistent, accessible auto care for a broad customer base.
Nate H. Sherman founded Midas in Macon, Georgia, on April 20, 1956, initially as "Midas Muffler." Sherman’s core insight was to establish a specialized, dependable system for muffler installation, which propelled its early growth. The original M.I.D.A.S. acronym reflected its focus: Muffler Installation Dealers' Associated Service.
Midas caters to vehicle owners requiring reliable and convenient automotive services. Its vision has broadened to encompass total car care, ensuring vehicles remain safe and operational through ongoing maintenance and necessary repairs. Midas aims to sustain its role as a trusted service provider within the evolving automotive industry.
Midas has raised $154.8M across 5 funding rounds.
Midas has raised $154.8M in total across 5 funding rounds.
Midas has raised $154.8M across 5 funding rounds. Most recently, it raised $10.0M Venture Round in February 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Sep 1, 2021 | Agile Robots AG | $220.0M Series C | Softbank | 8VC, Correlation Ventures, Gradient Ventures, OVO Fund, Chimera, Hongshan Capital Group (Sequoia Capital China), Linear Capital, Xiaomi |
Midas Technology (midastechnology.co) is a global IT equipment trading and asset disposal specialist founded in 2015, focusing on end-to-end services including collections, asset inventories, data destruction, remarketing auctions, and ethical disposal of computer/IT equipment and office electronics.[1] It positions itself as a "Knowledge Leader" and "Market Leader" in the IT sector, serving business and public sectors worldwide with a mission to deliver excellence through personalized, high-quality solutions and build trusted relationships.[1] The company emphasizes a "We can and we will" culture to evolve from effort-oriented to result-oriented operations, stocking and delivering tailored results across local and overseas markets.[1]
Other entities share the "Midas Technology" name but operate distinctly: a US-based manufacturer of microelectronics rework and inspection equipment (midastechnology.com) for high-reliability applications like De-Lid and Hot Gas systems;[4][5] a UK software firm;[7] and separate firms in trading (APAC derivatives) and civil engineering software.[2][3]
Midas Technology (midastechnology.co) began its journey in 2015 as an IT equipment trading and asset disposal specialist, rapidly growing into a recognized leader in the field through contributions to technology upgrades and global services.[1] No specific founders or key partners are named in available sources, but the company's evolution centers on expanding from trading to comprehensive services like data destruction and auctions, fostering a flexible business culture to nurture workforce potential and client trust.[1] It has built a reputation as a "safe pair of hands" for complex IT asset needs, transitioning into a prominent player in IT and office electronics disposal.[1]
For context, the US-based Midas Technology Inc. (Woburn, MA) specializes in microelectronics manufacturing equipment, with headquarters at 400 W Cummings Park and revenue under $5 million, but lacks detailed founding backstory.[4][5][6]
In comparison, the US microelectronics firm differentiates via precision rework tools (e.g., De-Lid, Hot Gas systems) for damage-free Hi-Rel component handling, supported by a global distributor network.[4][5]
Midas Technology rides the growing demand for sustainable IT asset management amid rising e-waste regulations, data security concerns, and circular economy trends in tech hardware disposal.[1] Timing aligns with global digital transformation, where enterprises generate massive IT equipment volumes needing secure, ethical remarketing to reduce environmental impact and recover value.[1] Market forces like stricter GDPR/CCPA compliance and corporate sustainability mandates favor its specialized services, positioning it as a key enabler for sectors upgrading tech without waste.[1] It influences the ecosystem by promoting ethical disposal standards, potentially shaping industry norms for asset recovery and reducing landfill contributions from obsolete electronics.
Distinct from trading-focused peers (e.g., APAC derivatives market maker[2]) or software niches (civil engineering[3], microelectronics tools[4]), this Midas fills a critical gap in hardware lifecycle management.
Midas Technology is poised to expand as IT refresh cycles accelerate with AI/data center booms, amplifying needs for scalable disposal and remarketing.[1] Trends like zero-trust data erasure and green tech mandates will shape its growth, potentially through partnerships or tech integrations for automated inventories.[1] Its influence may evolve toward leading ESG-compliant asset solutions, solidifying its "torchbearer" status in a $50B+ ITAD market. As a 2015 starter turned superpower, it exemplifies how specialized services turn e-waste challenges into economic opportunities.[1]
Midas has raised $154.8M in total across 5 funding rounds.
Midas's investors include Nova, Valor Equity Partners, QED Investors, James Hardiman, Earlybird Venture Capital, Glynn Capital, IVP, LAUNCH, Portage Ventures, Riverwood Capital, Spark Capital, Dylan Field.