About Ugglo
Ugglo is a company based in Stockholm (Sweden) founded in 2017 by Nils Ohlsen, Jens Malmqvist, and Alexandra Tsampikakis was acquired by ILT Education in September 2021.. Ugglo has raised $388.03 thousand across 2 funding rounds from investors including ILT Education, Dan Castillo and Magnus Sandberg. Ugglo operates in a competitive market with competitors including Reading Plus, Lexia Learning, Spritz, Heggerty Phonemic Awareness and StudySync, among others.
- Headquarter Stockholm, Sweden
- Founders Nils Ohlsen, Jens Malmqvist, Alexandra Tsampikakis
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Sectors
Education
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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
$388.03 K (USD)
in 2 rounds
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Latest Funding Round
$388.03 K (USD), Angel Round
Jan 24, 2019
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Investors
ILT Education
& 4 more
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Employee Count
Employee Count
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Acquired by
ILT Education
(Sep 09, 2021)
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Funding Insights of Ugglo
Ugglo has successfully raised a total of $388.03K across 2 strategic funding rounds. The most recent funding activity was a Angel Round round of $388.03 thousand completed in January 2019. 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 Angel Round — $388,026
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Angel Round - Ugglo | Valuation |
investors |
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| Oct, 2018 | Amount | Seed - Ugglo | Valuation | Sting |
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| 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 Ugglo
Ugglo has secured backing from 5 investors, including angel and venture fund investors. Prominent investors backing the company include ILT Education, Dan Castillo and Magnus Sandberg. 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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Sting is recognized as a leading startup accelerator in the Nordics.
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Founded Year | Domain | Location | |
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DC
Dan Castillo |
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Founded Year | Domain | Location |
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MS
Magnus Sandberg |
Swedish angel investor in Indian startups, focused on tech and innovation.
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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 Ugglo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Ugglo
| 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 |
Ugglo Comparisons
Competitors of Ugglo
Ugglo 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 Reading Plus, Lexia Learning, Spritz, Heggerty Phonemic Awareness and StudySync, 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 |
Reading skills are developed for K-12 students through online intervention.
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| domain | founded_year | HQ Location |
Personalized learning and assessment for reading skills are offered.
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| domain | founded_year | HQ Location |
App-based reading proficiency solutions for students are provided.
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| domain | founded_year | HQ Location |
After-school phonemic awareness programs are offered for pre-K students.
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| domain | founded_year | HQ Location |
Web-based curriculum for English literacy and skills development is provided.
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| domain | founded_year | HQ Location |
Curated reading materials are provided for literacy in grades 5-12.
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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 Ugglo
When was Ugglo founded?
Ugglo was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Ugglo located?
Ugglo is headquartered in Stockholm, Sweden.
Who is the current CEO of Ugglo?
Nils Ohlsen is the current CEO of Ugglo. They have also founded this company.
Is Ugglo a funded company?
Ugglo is a funded company, having raised a total of $388.03K across 2 funding rounds to date.
What does Ugglo do?
Ugglo was founded in 2017 in Stockholm, Sweden, as a digital library focused on educational content for children. Access to fictional and fact-based audiobooks and picturebooks is provided for preschool and school settings, with support for multiple languages. Teachers guides are included to aid instruction. The platform operates via apps on Android and iOS devices, serving users in educational environments.
Who are the top competitors of Ugglo?
Ugglo's top competitors include Spritz, Reading Plus and Lexia Learning.
Who are Ugglo's investors?
Ugglo has 5 investors. Key investors include ILT Education, Dan Castillo, Magnus Sandberg, Martin Randel, and Sting.
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