About Ondo
Ondo is a company based in London (United Kingdom) founded in 2021 by Craig Foster. It operates as a InsurTech. Ondo offers products and services including LeakBot. Ondo operates in a competitive market with competitors including Hometree, Urban Jungle, Buzzvault, NHBC and Locket, among others.
- Headquarter London, United Kingdom
- Founders Craig Foster
- Stage Public
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Sectors
Financial ServicesTechnology
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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 Ondo Insur Tech Plc
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Annual Revenue
$4.85 M (USD)143.43as on Mar 31, 2024
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Net Profit
$-7.73 M (USD)-53.97as on Mar 31, 2024
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EBITDA
$-6.15 M (USD)-50.09as on Mar 31, 2024
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Latest Funding Round
$1.37 M (USD), Post-IPO
Dec 01, 2023
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Investors
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Employee Count
Employee Count
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IPO & Listings of Ondo
Ondo is a publicly listed company on the LSE with ticker symbol ONDO in UK, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Ondo
Ondo offers a comprehensive portfolio of products and services, including LeakBot. 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.
LeakBot reduces water damage claims by 70 percent.
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Funding Insights of Ondo
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $1.4M
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First Round
First Round
(12 May 2023)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2023 | Amount | Post-IPO - Ondo | Valuation |
investors |
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| May, 2023 | Amount | Post-IPO - Ondo | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Investments & Acquisitions by Ondo
| 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 - Ondo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Ondo Comparisons
Competitors of Ondo
Ondo 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 Hometree, Urban Jungle, Buzzvault, NHBC and Locket, 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 |
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| domain | founded_year | HQ Location |
Provider of an online platform for home insurance
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| domain | founded_year | HQ Location |
Online home contents insurance platform for renting and sharing individuals
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| domain | founded_year | HQ Location |
Home insurance and management platform
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| domain | founded_year | HQ Location |
Home insurance and warranty services are provided by NHBC.
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| domain | founded_year | HQ Location |
Insurance services are provided via digital connections in the UK.
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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 Ondo
Frequently Asked Questions about Ondo
When was Ondo founded?
Ondo was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Ondo located?
Ondo is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Ondo?
Craig Foster is the current CEO of Ondo. They have also founded this company.
What is the annual revenue of Ondo?
Annual revenue of Ondo is $4.85M as on Mar 31, 2024.
What does Ondo do?
Ondo InsurTech Plc is engaged in developing claim prevention technology for home insurers. The company is driven by a mission to lead sustainable risk reduction globally, primarily through the deployment of LeakBot, a patented InsurTech system. This technology is designed to reduce water damage claims by 70 percent, benefiting insurers by preventing claims, homeowners by lowering premiums, and the environment by reducing waste. Operations are centered in the insurance sector, addressing significant issues like the annual 17 billion in water damage claims across the USA and UK.
Who are the top competitors of Ondo?
Ondo's top competitors include Urban Jungle, Hometree and Buzzvault.
What products or services does Ondo offer?
Ondo offers LeakBot.
Is Ondo publicly traded?
Yes, Ondo is publicly traded on LSE under the ticker symbol ONDO.
What is Ondo's ticker symbol?
The ticker symbol of Ondo is ONDO on LSE.
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