About Olio Devices
Olio Devices is a company based in San Francisco (United States) founded in 2013 was acquired by Flex in June 2017.. Olio Devices has raised $14.21 million across 2 funding rounds from investors including Flex, PCH and NEA. Olio Devices operates in a competitive market with competitors including Fitbit, Whoop, iHealth Labs, Garmin International and Misfit Wearables, among others.
- Headquarter San Francisco, United States
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Sectors
RetailHealthcare Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Olio Devices, Inc.
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Software Development Team
231 people
Leadership Team
147 people
Senior Team
48 people
Operations Team
45 people
Sales and Marketing
42 people
Finance and Accounting
39 people
Human Resources and Administration
28 people
Product Management Team
26 people
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Funding Insights of Olio Devices
Olio Devices has successfully raised a total of $14.21M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10.21 million completed in July 2015. 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 Series A — $10.2M
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First Round
First Round
(02 Oct 2014)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2015 | Amount | Series A - Olio Devices | Valuation | New Enterprise Associates |
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| Oct, 2014 | Amount | Seed - Olio Devices | Valuation |
investors |
| 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 Olio Devices
Olio Devices has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Flex, PCH and NEA. 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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Venture capital investments are offered to startups by NEA.
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Founded Year | Domain | Location | |
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Venture capital fund focused on Agtech and multiple sectors
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Founded Year | Domain | Location | |
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Investing in early-stage tech companies and ideas.
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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 Olio Devices
| 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 - Olio Devices
| 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 |
Olio Devices Comparisons
Competitors of Olio Devices
Olio Devices 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 Fitbit, Whoop, iHealth Labs, Garmin International and Misfit Wearables, 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 |
Smartwatches and fitness trackers are provided for activity monitoring.
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| domain | founded_year | HQ Location |
Provider of a smart wearable device for physical activities monitoring
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| domain | founded_year | HQ Location |
Personal healthcare devices for vital monitoring are designed and produced.
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| domain | founded_year | HQ Location |
Smart fitness trackers and watches are developed for performance monitoring.
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| domain | founded_year | HQ Location |
Wearable devices such as smartwatches and fitness trackers are provided.
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| domain | founded_year | HQ Location |
Smartwatches powered by body heat are developed using thermoelectric technology.
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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 Olio Devices
Frequently Asked Questions about Olio Devices
When was Olio Devices founded?
Olio Devices was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Olio Devices located?
Olio Devices is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Olio Devices a funded company?
Olio Devices is a funded company, having raised a total of $14.21M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Oct 02, 2014.
What does Olio Devices do?
Olio Devices was founded in 2013 in San Francisco, United States, focusing on the wearable technology sector. Luxury lifestyle products, including a connected watch integrated with a personal assistant, were developed for modern professionals. Operations centered on internet-first branding and product innovation. The company was acquired by Flex, Ltd. in 2017, marking the end of independent activities.
Who are the top competitors of Olio Devices?
Olio Devices's top competitors include Fitbit, Whoop and Matrix Industries.
Who are Olio Devices's investors?
Olio Devices has 6 investors. Key investors include Flex, PCH, NEA, Serra Ventures, and BoxGroup.
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