About Occtoo
Occtoo is a company based in Malmo (Sweden) founded in 2019 by Jimmy Ekback and KA Niclas Mollin.. Occtoo has raised $7.16 million across 2 funding rounds from investors including Newion, 42 Capital and Industrifonden. Occtoo offers products and services including Experience Data Platform and Digital Product Passport. Occtoo operates in a competitive market with competitors including Reverie Language Technologies, Opal Labs, Phrase, Cloudwords and Kapost, among others.
- Headquarter Malmo, Sweden
- Founders Jimmy Ekback, KA Niclas Mollin
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Occtoo Ab
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.16 M (USD)
in 2 rounds
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Latest Funding Round
$4.73 M (USD), Seed
Nov 23, 2022
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Investors
Newion
& 2 more
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Employee Count
Employee Count
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Products & Services of Occtoo
Occtoo offers a comprehensive portfolio of products and services, including Experience Data Platform and Digital Product Passport. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for unifying and activating data to build digital experiences.
Software for creating and managing digital product passports.
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Funding Insights of Occtoo
Occtoo has successfully raised a total of $7.16M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $4.73 million completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $4.7M
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First Round
First Round
(16 Dec 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Seed - Occtoo | Valuation | Newion | |
| Dec, 2020 | Amount | Seed - Occtoo | Valuation | 42 Capital , Industrifonden |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Occtoo
Occtoo has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Newion, 42 Capital and Industrifonden. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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B2B sector focused early & expansion stage VC firm investing in Benelux
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Founded Year | Domain | Location | |
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Early-stage technology companies are invested in across Europe.
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Founded Year | Domain | Location | |
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Investments in deep-tech, life sciences, and transformative tech are managed.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Occtoo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Occtoo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Occtoo Comparisons
Competitors of Occtoo
Occtoo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Reverie Language Technologies, Opal Labs, Phrase, Cloudwords and Kapost, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-powered translation, localization, and voice solutions are provided.
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| domain | founded_year | HQ Location |
Collaborative content planning and marketing management solution
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| domain | founded_year | HQ Location |
Cloud-based software for translation workflow automation is offered.
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| domain | founded_year | HQ Location |
Translation platform and vendor marketplace for corporate content are provided.
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| domain | founded_year | HQ Location |
Content optimization software is provided for marketing workflows and analytics.
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| domain | founded_year | HQ Location |
Cloud based platform offering software for content marketing
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Occtoo
Frequently Asked Questions about Occtoo
When was Occtoo founded?
Occtoo was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Occtoo located?
Occtoo is headquartered in Malmo, Sweden.
Is Occtoo a funded company?
Occtoo is a funded company, having raised a total of $7.16M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.43M, raised on Dec 16, 2020.
What does Occtoo do?
Occtoo was founded in 2019 and is headquartered in Malmo, Sweden. Cloud-based APIs are developed by the company to facilitate personalized customer interactions within the software sector. User experience optimization is supported through features such as customer segmentation, polling, feedback collection, data integration, and distribution. Operations focus on enhancing personalization for businesses across various geographies.
Who are the top competitors of Occtoo?
Occtoo's top competitors include Reverie Language Technologies, Opal Labs and Phrase.
What products or services does Occtoo offer?
Occtoo offers Experience Data Platform and Digital Product Passport.
Who are Occtoo's investors?
Occtoo has 3 investors. Key investors include Newion, 42 Capital, and Industrifonden.