About Oto
Oto is a company based in London (United Kingdom) founded in 2020 by Edmund Farrar. It operates as a HealthTech, and Subscription Services. Oto has raised $4.11 million across 2 funding rounds from investors including Bethnal Green Ventures, Calm/Storm and Octopus Ventures. The company has 10 employees as of December 31, 2023. Oto offers products and services including Oto Tinnitus Program. Oto operates in a competitive market with competitors including Appyhapps, Quadio, Tonal Tinnitus Therapy, AudioCardio and Kalmeda, among others.
- Headquarter London, United Kingdom
- Employees 10 as on 31 Dec, 2023
- Founders Edmund Farrar
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Sectors
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 Oto Health Ltd
- Date of Incorporation 27 Sep, 2019
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.11 M (USD)
in 2 rounds
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Latest Funding Round
$3.41 M (USD), Seed
Jul 13, 2022
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Investors
Bethnal Green Ventures
& 11 more
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Employee Count
10
as on Dec 31, 2023
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Products & Services of Oto
Oto offers a comprehensive portfolio of products and services, including Oto Tinnitus Program. 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.
A guided program to manage tinnitus through audio sessions.
Funding Insights of Oto
Oto has successfully raised a total of $4.11M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3.41 million completed in July 2022. 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 2
- Last Round Seed — $3.4M
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First Round
First Round
(14 Jan 2022)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Seed - Oto | Valuation | Octopus Ventures | |
| Jan, 2022 | Amount | Seed - Oto | Valuation | Y Combinator |
| 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 Oto
Oto has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Bethnal Green Ventures, Calm/Storm and Octopus Ventures. 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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Venture capital investment and support for founders in technology and health sectors.
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments are focused on startups.
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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 Oto
| 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 - Oto
| 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 |
Oto Comparisons
Competitors of Oto
Oto 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 Appyhapps, Quadio, Tonal Tinnitus Therapy, AudioCardio and Kalmeda, 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 |
Develops Android and iOS apps for health data syncing and tinnitus therapy services.
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| domain | founded_year | HQ Location |
Hearing management solutions are delivered via aids and tele-audiology services.
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| domain | founded_year | HQ Location |
Provides app-based sound therapy to identify and manage tinnitus frequencies effectively.
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| domain | founded_year | HQ Location |
AudioCardio provides AI diagnostics and therapies for hearing health via mobile app.
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| domain | founded_year | HQ Location |
App for tinnitus management
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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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Frequently Asked Questions about Oto
When was Oto founded?
Oto was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Oto located?
Oto is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Oto?
Edmund Farrar is the current CEO of Oto. They have also founded this company.
Is Oto a funded company?
Oto is a funded company, having raised a total of $4.11M across 2 funding rounds to date. The company's 1st funding round was a Seed of $699.75K, raised on Jan 14, 2022.
How many employees does Oto have?
As of Dec 31, 2023, the latest employee count at Oto is 10.
What does Oto do?
A digital health solution is provided by Oto to help individuals manage tinnitus through a clinically-proven program. Daily audio sessions and cognitive behavioral therapy techniques are utilized to retrain the brains response to tinnitus. The service is delivered at home, requiring only ten minutes a day. Collaboration with top tinnitus specialists and researchers ensures credibility. The program is supported by clinical trials conducted with prestigious institutions like the University of Cambridge. Services are accessible globally through a network of over 300 clinicians and telehealth providers in the US.
What products or services does Oto offer?
Oto offers Oto Tinnitus Program.
Who are Oto's investors?
Oto has 12 investors. Key investors include Bethnal Green Ventures, Calm/Storm, Octopus Ventures, Y Combinator, and Goodwater Capital.
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