About OlymTech
OlymTech is a company based in Ningbo (China) founded in 2002.. OlymTech has raised $34.27 million across 3 funding rounds from investors including Zhuopu Capital, Yunqi Partners and Detong Capital. OlymTech operates in a competitive market with competitors including Echo Global Logistics, Transfix, uShip, Uber Freight and BlackBuck, among others.
- Headquarter Ningbo, China
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Sectors
Transportation, Automotive & Logistics
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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
$34.27 M (USD)
in 3 rounds
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Latest Funding Round
$14.27 M (USD), Series B
Dec 20, 2019
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Investors
Zhuopu Capital
& 4 more
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Employee Count
Employee Count
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Funding Insights of OlymTech
OlymTech has successfully raised a total of $34.27M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $14.27 million completed in December 2019. 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 — $14.3M
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First Round
First Round
(26 Jun 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2019 | Amount | Series B - OlymTech | Valuation | Zhuopu Capital | |
| Feb, 2018 | Amount | Series A - OlymTech | Valuation | Zhuopu Capital | |
| Jun, 2015 | Amount | Series A - OlymTech | 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 OlymTech
OlymTech has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Zhuopu Capital, Yunqi Partners and Detong Capital. 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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Investments are made in tech startups by Yunqi Partners.
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Founded Year | Domain | Location | |
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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 OlymTech
| 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 - OlymTech
| 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 |
Olymtech Comparisons
Competitors of OlymTech
OlymTech 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 Echo Global Logistics, Transfix, uShip, Uber Freight and BlackBuck, 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 |
Technology-enabled supply chain and transportation services are provided to enterprises.
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| domain | founded_year | HQ Location |
Offers a marketplace providing on-demand load matching and freight booking services
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| domain | founded_year | HQ Location |
Global online marketplace for freight and vehicle shipping is facilitated.
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| domain | founded_year | HQ Location |
Trucking carriers are matched with shippers via an online marketplace.
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| domain | founded_year | HQ Location |
Fleet operators are connected with truckers through a digital marketplace.
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| domain | founded_year | HQ Location |
Trucking services are booked via an online marketplace platform.
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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 Olymtech
Frequently Asked Questions about OlymTech
When was OlymTech founded?
OlymTech was founded in 2002 and raised its 1st funding round 13 years after it was founded.
Where is OlymTech located?
OlymTech is headquartered in Ningbo, China. It is registered at Ningbo, Zhejiang, China.
Is OlymTech a funded company?
OlymTech is a funded company, having raised a total of $34.27M across 3 funding rounds to date. The company's 1st funding round was a Series A of $20M, raised on Jun 26, 2015.
What does OlymTech do?
OlymTech provides a cloud-based solution for freight forwarders and operators a forwarders marketplace. Its 2 solutions are CargoGM: a suite of cloud applications that help in building O2O platforms for freight forwarders and CargoPM: an online marketplace that enables forwarders to collaborate and fulfill transactions with their customers and business partners on a single platform. Claims to have 1,500 forwarders and 150,000 active users on its network. Backed by IDG and Matrix. Has presence across major international logistics gateways in China, including Shanghai, Shenzhen, Guangzhou, Ningbo, Qingdao, Tianjin and Xiamen.
Who are the top competitors of OlymTech?
Who are OlymTech's investors?
OlymTech has 5 investors. Key investors include Zhuopu Capital, Yunqi Partners, Detong Capital, Matrix Partners China, and IDG Capital.