About Otta
Otta is a company based in London (United Kingdom) founded in 2019 by Theo Margolius, Xav Kearney, and Sam Franklin was acquired by Welcome to the Jungle in January 2024.. Otta has raised $145.26 million across 11 funding rounds from investors including Welcome to the Jungle, Tiger Global and Founder Collective. The company has 21 employees as of January 31, 2021. Otta offers products and services including Job Search Platform. Otta operates in a competitive market with competitors including ZipRecruiter, RippleMatch, NextStep, Untapped and SendHelper, among others.
- Headquarter London, United Kingdom
- Employees 21 as on 31 Jan, 2021
- Founders Theo Margolius, Xav Kearney, Sam Franklin
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Sectors
Technology
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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 Otta Technology Limited
- Date of Incorporation 29 Jan, 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
$145.26 M (USD)
in 11 rounds
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Latest Funding Round
$79.68 M (USD), Seed
Nov 21, 2023
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Investors
Welcome to the Jungle
& 8 more
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Employee Count
21
as on Jan 31, 2021
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Acquired by
Welcome to the Jungle
(Jan 03, 2024)
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Products & Services of Otta
Otta offers a comprehensive portfolio of products and services, including Job Search Platform. 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.
Platform for discovering and applying to tech jobs with tailored insights
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Funding Insights of Otta
Otta has successfully raised a total of $145.26M across 11 strategic funding rounds. The most recent funding activity was a Seed round of $79.68 million completed in November 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 11
- Last Round Seed — $79.7M
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First Round
First Round
(04 Dec 2019)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2023 | Amount | Seed - Otta | Valuation |
investors |
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| Oct, 2023 | Amount | Seed - Otta | Valuation |
investors |
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| Oct, 2023 | Amount | Seed - Otta | 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 |
Investors in Otta
Otta has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include Welcome to the Jungle, Tiger Global and Founder Collective. 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 and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Venture capital firm focused on tech sectors
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Founded Year | Domain | Location | |
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Venture capital firm focused on seed-stage investments
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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 Otta
| 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 - Otta
| 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 |
Otta Comparisons
Competitors of Otta
Otta 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 ZipRecruiter, RippleMatch, NextStep, Untapped and SendHelper, 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 |
Job candidates are matched via AI across multiple industries.
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| domain | founded_year | HQ Location |
Service provider of job matching and internship search platform
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| domain | founded_year | HQ Location |
Online platform offering staffing platform for healthcare industry
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| domain | founded_year | HQ Location |
Talent management services are provided by Untapped to industry clients.
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| domain | founded_year | HQ Location |
An app-based marketplace connects households to verified cleaning services.
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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 Otta
Frequently Asked Questions about Otta
When was Otta founded?
Otta was founded in 2019.
Where is Otta located?
Otta is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Otta?
Sam Franklin is the current CEO of Otta. They have also founded this company.
Is Otta a funded company?
Otta is a funded company, having raised a total of $145.26M across 11 funding rounds to date. The company's 1st funding round was a Seed of $2.59M, raised on Dec 04, 2019.
How many employees does Otta have?
As of Jan 31, 2021, the latest employee count at Otta is 21.
What does Otta do?
Otta was founded in 2019 in London, United Kingdom, as an online job portal serving various sectors. Jobs are posted for free by hiring teams, with recommendations made to candidates based on their skills and experience. The platform is utilized by companies such as Airbnb, Netflix, Skyscanner, and Spotify for recruitment purposes. Operations focus on facilitating efficient job matching without associated costs for postings.
Who are the top competitors of Otta?
Otta's top competitors include ZipRecruiter, RippleMatch and NextStep.
What products or services does Otta offer?
Otta offers Job Search Platform.
Who are Otta's investors?
Otta has 9 investors. Key investors include Welcome to the Jungle, Tiger Global, Founder Collective, LocalGlobe, and Paul Forster.
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