About Ovoko
Ovoko is a company based in Vilnius (Lithuania) founded in 2016 by Oleg Lopeta.. Ovoko has raised $37.15 million across 3 funding rounds from investors including Piton Capital, Practica Capital and Mantas Mikuckas.
- Headquarter Vilnius, Lithuania
- Founders Oleg Lopeta
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$37.15 M (USD)
in 3 rounds
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Latest Funding Round
$22.31 M (USD), Series B
Sep 27, 2024
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Investors
Piton Capital
& 4 more
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Employee Count
Employee Count
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Funding Insights of Ovoko
Ovoko has successfully raised a total of $37.15M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $22.31 million completed in September 2024. 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 3
- Last Round Series B — $22.3M
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First Round
First Round
(01 Jun 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series B - Ovoko | Valuation | Smash Capital |
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| Oct, 2022 | Amount | Series A - Ovoko | Valuation |
investors |
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| Jun, 2022 | Amount | Seed - Ovoko | 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 Ovoko
Ovoko has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Piton Capital, Practica Capital and Mantas Mikuckas. 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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European stage agnostic VC firm
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Founded Year | Domain | Location | |
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Seed to growth VC firm funding companies in the Baltics
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Founded Year | Domain | Location | |
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Venture capital fund focused on Europe based marketplaces, SaaS, and B2B software 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 Ovoko
| 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 - Ovoko
| 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 |
Ovoko Comparisons
Competitors of Ovoko
| 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 Ovoko
When was Ovoko founded?
Ovoko was founded in 2016 and raised its 1st funding round 6 years after it was founded.
Where is Ovoko located?
Ovoko is headquartered in Vilnius, Lithuania.
Is Ovoko a funded company?
Ovoko is a funded company, having raised a total of $37.15M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.05M, raised on Jun 01, 2022.
What does Ovoko do?
Ovoko was established in 2016 in Vilnius, Lithuania, as a manufacturer focused on the automotive sector. Used car parts are produced for various vehicle applications, with operations centered on sourcing and processing components. The company serves regional markets through its domain ovoko.com, led by co-founder Oleg Lopeta. Activities emphasize sustainable reuse in the aftermarket industry, based in Eastern Europe.
Who are Ovoko's investors?
Ovoko has 5 investors. Key investors include Piton Capital, Practica Capital, Mantas Mikuckas, Market One Capital, and Smash Capital.