About Ortholite
Ortholite is a company based in Springfield (United States) founded in 1997 was acquired by Coats in July 2025.. The company has 158 employees as of April 06, 2024. Ortholite offers products and services including Insoles and Sustainability Solutions.
- Headquarter Springfield, United States
- Employees 158 as on 06 Apr, 2024
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Sectors
Consumer
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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 Ortholite India Private Limited
- Date of Incorporation 30 Dec, 2019
- Jurisdiction Sriperumbudur, Tamil Nadu, India
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Annual Revenue
$3.27 M (USD)276.98as on Mar 31, 2023
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Net Profit
$-691.05 K (USD)-0.94as on Mar 31, 2023
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EBITDA
$-631.87 K (USD)1.35as on Mar 31, 2023
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Latest Funding Round
$212 M (USD), Debt – Conventional
Oct 01, 2016
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Investors
Coats
& 2 more
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Employee Count
158
as on Apr 06, 2024
- Acquired by
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Products & Services of Ortholite
Ortholite offers a comprehensive portfolio of products and services, including Insoles and Sustainability Solutions. 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.
Insoles are manufactured using open-cell foam to provide comfort and performance in footwear.
End-of-life materials solutions are offered to support recycling and sustainable practices in the footwear industry.
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Funding Insights of Ortholite
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $212.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Debt – Conventional - Ortholite | Valuation |
investors |
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| Jun, 2014 | Amount | Series B - Ortholite | 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 Ortholite
Ortholite has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Coats, Blue Point Capital Partners and Trilantic Capital Partners North America. 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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Blue Point Capital Partners is engaged in private equity investments.
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Founded Year | Domain | Location | |
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Private equity investments are targeted at North American companies.
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Founded Year | Domain | Location | |
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Industrial thread is manufactured by Coats for global industries.
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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 Ortholite
| 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 - Ortholite
| 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 |
Ortholite Comparisons
Competitors of Ortholite
| 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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Frequently Asked Questions about Ortholite
When was Ortholite founded?
Ortholite was founded in 1997 and raised its 1st funding round 17 years after it was founded.
Where is Ortholite located?
Ortholite is headquartered in Springfield, United States.
How many employees does Ortholite have?
As of Apr 06, 2024, the latest employee count at Ortholite is 158.
What is the annual revenue of Ortholite?
Annual revenue of Ortholite is $3.27M as on Mar 31, 2023.
What does Ortholite do?
Ortholite was founded in 1997 and is headquartered in Springfield, United States. Operations focus on the footwear sector, where open-cell foam insoles are produced with features including cushioning, moisture management, and breathability. Vertical integration is maintained from raw material formulation through to distribution. Custom formulations are offered to footwear brands worldwide, and sustainable practices are employed, incorporating recycled materials in production.
What products or services does Ortholite offer?
Ortholite offers Insoles and Sustainability Solutions.
Who are Ortholite's investors?
Ortholite has 3 investors. Key investors include Coats, Blue Point Capital Partners, and Trilantic Capital Partners North America.