About Ovation
Ovation is a company based in Oakland (United States) founded in 2019 by Matthew Rennie and Kevin Cimring. It operates as a SaaS (Software-as-a-Service), Subscription Services, and FinTech. Ovation has raised $2.5 million across 1 funding round from investors including Launchpad Capital, Kickstart Fund and SUM Ventures. Ovation offers products and services including Financial Wellness Platform, Guidance & Learning, Marketing & Engagement, and Data & Insights. Ovation operates in a competitive market with competitors including Zeta, PennyOwl, Doughnet, Status Money and ePOP, among others.
- Headquarter Oakland, United States
- Founders Matthew Rennie, Kevin Cimring
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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 Ovation Ventures, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.5 M (USD)
in 1 rounds
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Latest Funding Round
$2.5 M (USD), Seed
Feb 26, 2022
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Investors
Launchpad Capital
& 3 more
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Employee Count
Employee Count
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Products & Services of Ovation
Ovation offers a comprehensive portfolio of products and services, including Financial Wellness Platform, Guidance & Learning, Marketing & Engagement, and Data & Insights. 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 platform for financial guidance and management tools.
Educational resources for users' financial journey stages.
Automated campaigns to deepen user relationships effectively.
Analytics tools to monitor and optimize growth strategies.
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Funding Insights of Ovation
Ovation has successfully raised a total of $2.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.5 million completed in February 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 1
- Last Round Seed — $2.5M
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First Round
First Round
(26 Feb 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Seed - Ovation | Valuation | Kickstart Seed Fund |
| 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 Ovation
Ovation has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Launchpad Capital, Kickstart Fund and SUM 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 fund investing in fintech startups
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Founded Year | Domain | Location | |
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Early-stage investments are made in visionary founders by SUM Ventures.
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Founded Year | Domain | Location | |
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A platform is provided to advance AgeTech innovations globally.
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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 Ovation
| 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 - Ovation
| 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 |
Ovation Comparisons
Competitors of Ovation
Ovation 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 Zeta, PennyOwl, Doughnet, Status Money and ePOP, 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 |
Financial solutions are offered by Zeta for couples and families.
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| domain | founded_year | HQ Location |
Mobile app to teach children about money management
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| domain | founded_year | HQ Location |
Provides financial education and online transactions for teens.
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| domain | founded_year | HQ Location |
User finances are analyzed and optimized via a management platform.
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| domain | founded_year | HQ Location |
Digital receipt aggregation for individuals
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| domain | founded_year | HQ Location |
Income is allocated to categorized envelopes for mobile budgeting.
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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 Ovation
Frequently Asked Questions about Ovation
When was Ovation founded?
Ovation was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Ovation located?
Ovation is headquartered in Oakland, United States. It is registered at Oakland, California, United States.
Who is the current CEO of Ovation?
Kevin Cimring is the current CEO of Ovation. They have also founded this company.
Is Ovation a funded company?
Ovation is a funded company, having raised a total of $2.5M across 1 funding round to date. The company's 1st funding round was a Seed of $2.5M, raised on Feb 26, 2022.
What does Ovation do?
Financial wellness technologies are developed and offered by Ovation to empower organizations. A full suite of integrated capabilities is provided through modern digital tools, personalized experiences, and data insights. Sectors such as financial services and corporate wellness are targeted, with solutions including guidance, marketing, financial management, and analytics. User engagement and loyalty are enhanced while lasting financial impact is created for end-users and organizations alike.
Who are the top competitors of Ovation?
Ovation's top competitors include Zeta, ePOP and Good Budget.
What products or services does Ovation offer?
Ovation offers Financial Wellness Platform, Guidance & Learning, Marketing & Engagement, and Data & Insights.
Who are Ovation's investors?
Ovation has 4 investors. Key investors include Launchpad Capital, Kickstart Fund, SUM Ventures, and AgeTech Collaborative.