About OffUgo
OffUgo is a company based in Palma (Spain) founded in 2020 by Loris Fochesato and Fernando De Miguel Alberti.. OffUgo has raised $632.14 thousand across 1 funding round from investors including DraperB1, Think Bigger Capital and BStartup Banco Sabadell. OffUgo operates in a competitive market with competitors including GoVirtuo, OK Mobility, Respiro, Ozone Drive and Carre Mobility, among others.
- Headquarter Palma, Spain
- Founders Loris Fochesato, Fernando De Miguel Alberti
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Sectors
Travel & HospitalityTransportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$632.14 K (USD)
in 1 rounds
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Latest Funding Round
$632.14 K (USD), Seed
May 20, 2022
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Investors
DraperB1
& 2 more
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Employee Count
Employee Count
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Funding Insights of OffUgo
OffUgo has successfully raised a total of $632.14K through 1 strategic funding round. The most recent funding activity was a Seed round of $632.14 thousand completed in May 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 1
- Last Round Seed — $632,142
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First Round
First Round
(20 May 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Seed - OffUgo | Valuation | Bstartup Banco Sabadell |
| 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 OffUgo
OffUgo has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include DraperB1, Think Bigger Capital and BStartup Banco Sabadell. 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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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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BStartup Banco Sabadell is focused on providing banking and investment services to startups.
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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 OffUgo
| 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 - OffUgo
| 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 |
Offugo Comparisons
Competitors of OffUgo
OffUgo 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 GoVirtuo, OK Mobility, Respiro, Ozone Drive and Carre Mobility, 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 |
App-based self-drive car rental company
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| domain | founded_year | HQ Location |
Offers vehicle rental, subscription, leasing, and purchase for consumers worldwide.
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| domain | founded_year | HQ Location |
Self-drive car rentals are provided via an online platform.
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| domain | founded_year | HQ Location |
Electric cars for rental are booked through an online platform.
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| domain | founded_year | HQ Location |
Multi-category self-driven vehicle rentals and car-pooling are provided online.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about OffUgo
When was OffUgo founded?
OffUgo was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is OffUgo located?
OffUgo is headquartered in Palma, Spain. It is registered at Palma, Balearic Islands, Spain.
Is OffUgo a funded company?
OffUgo is a funded company, having raised a total of $632.14K across 1 funding round to date. The company's 1st funding round was a Seed of $632.14K, raised on May 20, 2022.
What does OffUgo do?
OffUgo was founded in 2020 in Palma, Spain, as an online platform in the car rental sector. Self-drive vehicles are booked by users through the website, where driving licenses and personal details are uploaded. Car locations are shared with users upon completion of the process. Vehicles are unlocked remotely using mobile phones. After usage, cars are returned to designated parking spots. Operations focus on traveler mobility in the region.
Who are the top competitors of OffUgo?
OffUgo's top competitors include GoVirtuo, Ozone Drive and Bluemove.
Who are OffUgo's investors?
OffUgo has 3 investors. Key investors include DraperB1, Think Bigger Capital, and BStartup Banco Sabadell.
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