About Olive Union
Olive Union is a company based in Seoul (South Korea) founded in 2016 by Owen Song.. Olive Union has raised $17 million across 3 funding rounds from investors including Beyond Next Ventures, JFC and Bonds Investment Group. Olive Union offers products and services including Olive Max and Olive Mini. Olive Union operates in a competitive market with competitors including Kiversal, HearingAble, The Yeolrim, TODOC and BONSWELL, among others.
- Headquarter Seoul, South Korea
- Founders Owen Song
-
Sectors
RetailTechnology Healthcare
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Olive Union Inc
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$17 M (USD)
in 3 rounds
-
Latest Funding Round
$7 M (USD), Series B
Apr 05, 2021
-
Investors
Beyond Next Ventures
& 2 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Olive Union
Olive Union offers a comprehensive portfolio of products and services, including Olive Max and Olive Mini. 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.
Wireless device for mild to moderate hearing loss with Bluetooth connectivity.
Compact rechargeable aid for everyday auditory enhancement and support.
Unlock access to complete
Unlock access to complete
Funding Insights of Olive Union
Olive Union has successfully raised a total of $17M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $7 million completed in April 2021. 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 3
- Last Round Series B — $7.0M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Series B - Olive Union | Valuation | Beyond Next Ventures , JFC |
|
| Mar, 2019 | Amount | Series A - Olive Union | Valuation |
investors |
|
| Jan, 2018 | Amount | Seed - Olive Union | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Olive Union
Olive Union has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Beyond Next Ventures, JFC and Bonds Investment Group. 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 |
|---|---|---|---|---|
|
Deep-tech investments and incubation services are provided for researchers and entrepreneurs addressing global challenges.
|
Founded Year | Domain | Location | |
|
Early-stage startups are funded by Bonds Investment Group.
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Olive Union
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Olive Union
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Olive Union Comparisons
Competitors of Olive Union
Olive Union 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 Kiversal, HearingAble, The Yeolrim, TODOC and BONSWELL, 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 |
Cloud-based IoMT audiometers are developed by Kiversal for audiology.
|
|
| domain | founded_year | HQ Location |
Provides smart hearing aids and amplifiers for personal use.
|
|
| domain | founded_year | HQ Location |
Wearable smart hearing devices are provided for impairment management.
|
|
| domain | founded_year | HQ Location |
Implant devices for neuropathy treatment are developed and offered.
|
|
| domain | founded_year | HQ Location |
A medical device designed to assist individuals with hearing disabilities.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Olive Union
Frequently Asked Questions about Olive Union
When was Olive Union founded?
Olive Union was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Olive Union located?
Olive Union is headquartered in Seoul, South Korea.
Who is the current CEO of Olive Union?
Owen Song is the current CEO of Olive Union. They have also founded this company.
Is Olive Union a funded company?
Olive Union is a funded company, having raised a total of $17M across 3 funding rounds to date.
What does Olive Union do?
Olive Union was founded in 2016 in Seoul, South Korea, and operates in the health technology sector focused on personal audio devices. A smart hearing aid named Olive is offered, incorporating sound algorithms and Bluetooth connectivity. An accompanying app is utilized by users to assess hearing ability and maintain personalized hearing profiles. Operations center on product development and distribution in the consumer health market.
Who are the top competitors of Olive Union?
Olive Union's top competitors include Kiversal, TODOC and The Yeolrim.
What products or services does Olive Union offer?
Olive Union offers Olive Max and Olive Mini.
Who are Olive Union's investors?
Olive Union has 3 investors. Key investors include Beyond Next Ventures, JFC, and Bonds Investment Group.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.