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
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Sectors
RetailTechnology Healthcare
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Email
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Phone
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Website
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Social
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- Legal Name Olive Union Inc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$17 M (USD)
in 3 rounds
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Latest Funding Round
$7 M (USD), Series B
Apr 05, 2021
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Investors
Beyond Next Ventures
& 2 more
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Employee Count
Not available
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Products & Services of Olive Union
Olive Union offers a comprehensive portfolio of products and services, including Olive Max and Olive Mini.
Wireless device for mild to moderate hearing loss with Bluetooth connectivity.
Compact rechargeable aid for everyday auditory enhancement and support.
People of Olive Union
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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.
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.
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Deep-tech investments and incubation services are provided for researchers and entrepreneurs addressing global challenges.
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Early-stage startups are funded by Bonds Investment Group.
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Investor details for Olive Union
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Investments & Acquisitions by Olive Union
Investment portfolio details for Olive Union
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Financial Statements - Olive Union
Detailed financials for Olive Union
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Olive Union Comparisons
Peer comparison for Olive Union
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based IoMT audiometers are developed by Kiversal for audiology.
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Provides smart hearing aids and amplifiers for personal use.
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Wearable smart hearing devices are provided for impairment management.
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Implant devices for neuropathy treatment are developed and offered.
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A medical device designed to assist individuals with hearing disabilities.
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Detailed competitors of Olive Union
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Latest news on Olive Union
Complete news archive for Olive Union
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Frequently Asked Questions about Olive Union
Olive Union was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Olive Union is headquartered in Seoul, South Korea.
Owen Song is the current CEO of Olive Union. They have also founded this company.
Olive Union is a funded company, having raised a total of $17M across 3 funding rounds to date.
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.
Olive Union's top competitors include Kiversal, TODOC and The Yeolrim.
Olive Union offers Olive Max and Olive Mini.
Olive Union has 3 investors. Key investors include Beyond Next Ventures, JFC, and Bonds Investment Group.