About Onto
Onto is a company based in Birmingham (United Kingdom) founded in 2017.. Onto has raised $240.91 million across 8 funding rounds from investors including TotalEnergies, Legal & General and Cerebrum Technologies. The company has 77 employees as of December 31, 2021. Onto operates in a competitive market with competitors including Drover, Wagonex, WeVee, zeVie and elmo, among others.
- Headquarter Birmingham, United Kingdom
- Employees 77 as on 31 Dec, 2021
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsTravel & Hospitality
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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 Onto Holdings Limited
- Date of Incorporation 15 Nov, 2016
- Jurisdiction BIRMINGHAM
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Annual Revenue
$17.4 M (USD)958as on Dec 31, 2021
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Net Profit
$-21.7 M (USD)-367as on Dec 31, 2021
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EBITDA
$-22.89 M (USD)-393as on Dec 31, 2021
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Total Equity Funding
$240.91 M (USD)
in 8 rounds
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Latest Funding Round
$122.89 M (USD), Debt – Conventional
Jan 25, 2023
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Investors
TotalEnergies
& 10 more
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Employee Count
77
as on Dec 31, 2021
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Funding Insights of Onto
Onto has successfully raised a total of $240.91M across 8 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $122.89 million completed in January 2023. 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 8
- Last Round Debt – Conventional — $122.9M
- First Round First Round
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Debt – Conventional - Onto | Valuation |
investors |
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| Jul, 2022 | Amount | Series C - Onto | Valuation | Legal & General | |
| Jul, 2021 | Amount | Debt – Conventional - Onto | 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 Onto
Onto has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include TotalEnergies, Legal & General and Cerebrum Technologies. 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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Investment strategies are provided across diverse asset classes and markets.
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Early & mid-stage life sciences and tech focused VC firm investing primarily in Sweden
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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 Onto
| 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 - Onto
| 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 |
Onto Comparisons
Competitors of Onto
Onto 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 Drover, Wagonex, WeVee, zeVie and elmo, 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 |
Car subscription services are provided via an online platform.
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| domain | founded_year | HQ Location |
Cars are offered via an online subscription platform.
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| domain | founded_year | HQ Location |
Electric car-leasing services are offered via an online platform.
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| domain | founded_year | HQ Location |
Online platform offering electric car leasing services
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| domain | founded_year | HQ Location |
Electric vehicle subscriptions are offered with customizable plans.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Onto
Frequently Asked Questions about Onto
When was Onto founded?
Onto was founded in 2017.
Where is Onto located?
Onto is headquartered in Birmingham, United Kingdom. It is registered at Birmingham, England, United Kingdom.
Is Onto a funded company?
Onto is a funded company, having raised a total of $240.91M across 8 funding rounds to date.
How many employees does Onto have?
As of Dec 31, 2021, the latest employee count at Onto is 77.
What is the annual revenue of Onto?
Annual revenue of Onto is $17.4M as on Dec 31, 2021.
What does Onto do?
Onto was founded in 2017 in Birmingham, United Kingdom, and operates in the electric vehicle mobility sector. Subscriptions for electric cars are facilitated through a mobile app available on Android and iOS devices. Users are required to submit personal details, payment information, location, and license data to access rental services on a subscription basis. The platform manages the entire process digitally.
Who are Onto's investors?
Onto has 11 investors. Key investors include TotalEnergies, Legal & General, Cerebrum Technologies, Caisse de depot et placement du Quebec, and Pollen Street.
What is Onto's valuation?
The valuation of Onto is $24.31M as of Nov 2019.