Valuation
$2.4M
2021 Revenue
$816K
Funding
$0
Team
50
Founded
2005
How Midoco CEO Steffen Faradi grew to $816K revenue with a 50 person team in 2021.
Developer of technology software for the international travel industry. The company provides a software-based process and platform for travel distribution and traveling related updates.
Last updated
Midoco Revenue
In 2021, Midoco's revenue reached $816K. Since its launch in 2005, Midoco has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2021 | Midoco Hit $816k revenue in April 2021 | |
| 2005 | Launched with $0 revenue |
Midoco Valuation, Funding Rounds
Midoco's most recent disclosed valuation is $2.4M.
Midoco is a bootstrapped Travel Arrangement Software startup. Founded in 2005, Midoco has grown to $816K in revenue without raising any venture capital or outside funding.
As a self-funded Travel Arrangement Software SaaS company, Midoco has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Steffen Faradi
As student Steffen started his own business in 1990 with technical services for travel agencies. A few years later, his career led him to Partners Software, where he took over sales management and built up an international team. In 2000 he moved to Hamburg to join DCS GmbH, which soon became part of Sabre. Here he built up the mid-office company Travel Management Systems as Managing Director and was Director Business Development at Sabre Germany. Early on, Steffen, together with Jörg Hauschild and Marcus Haarmann, developed a vision for a mid-office system of the future for the travel industry. Together they founded Midoco in 2005.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Midoco yet.
Midoco Employees & Team Size
Midoco employs approximately 50 people as of 2026.
| Year | Milestone |
|---|---|
| 2021 | Reached 50 employees (April 2021) |
Frequently Asked Questions about Midoco
What is Midoco's revenue?
Midoco generates $816K in revenue.
Who founded Midoco?
Midoco was founded by Steffen Faradi.
Who is the CEO of Midoco?
The CEO of Midoco is Steffen Faradi.
How much funding does Midoco have?
Midoco raised $0.
How many employees does Midoco have?
Midoco has 50 employees.
Where is Midoco headquarters?
Midoco is headquartered in Hilden, Germany.
Compare Midoco to the industry
Midoco operates across multiple industries. Browse revenue, funding, and growth data for Midoco in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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