Total amount raised
Undisclosed
Latest funding date
09/01/2022
Location
Title
Ori has successfully raised significant funding to support its innovative approach to creating expandable apartments. The company's technology transforms living spaces, offering more functionality and affordability.
Keep reading to explore the intricacies of Ori's fundraising journey and the investors backing this groundbreaking platform.
What Is Ori?
Ori, founded in 2015, is a pioneering company based in Brooklyn, NY, specializing in creating expandable apartments using advanced architectural technology. The company leverages robotic systems to transform living spaces, making them more functional and affordable.
Ori's innovative approach allows apartments to feel larger without increasing their square footage, offering a unique value proposition for both renters and real estate developers. The company collaborates with various partners to bring these adaptable living solutions to multiple cities across the U.S.
With a dedicated team, Ori continues to push the boundaries of modern living, providing versatile and cost-effective housing options. For more details, visit their official website or their profile on wellfound.com.
How Much Funding Has Ori Raised?
- Amount Raised: Not specified Date: September 2022 Lead Investors: Presidio Ventures, Khosla Ventures, Alphabet, Ingka Investments, Geolo Capital, Eugene Group Valuation at Round: Not publicly disclosed Motivation Behind the Round: Expansion into the APAC market
Ori has raised a total of Not specified with a current valuation of Not publicly disclosed.
Key Investors
- Presidio Ventures
- Details: Presidio Ventures is a venture capital firm and a subsidiary of Sumitomo Corporation of Americas. They focus on early-stage investments in innovative technology companies.
- Investment Focus Areas: Technology, healthcare, energy.
- Notable Investments: Uber, SpaceX, Palantir.
- Khosla Ventures
- Details: Khosla Ventures is a venture capital firm founded by Vinod Khosla, co-founder of Sun Microsystems. The firm invests in early to late-stage companies across various sectors.
- Investment Focus Areas: Technology, healthcare, sustainability.
- Notable Investments: DoorDash, Square, Impossible Foods.
- Alphabet
- Details: Alphabet is the parent company of Google, focusing on a wide range of technology and innovation projects. They invest in companies that align with their mission to organize the world's information.
- Investment Focus Areas: Technology, artificial intelligence, healthcare.
- Notable Investments: Waymo, Verily, DeepMind.
- Ingka Investments (of the IKEA Group)
- Details: Ingka Investments is the investment arm of the IKEA Group, focusing on long-term investments that support IKEA's vision and growth. They invest in companies that align with their sustainability and innovation goals.
- Investment Focus Areas: Retail, sustainability, real estate.
- Notable Investments: TaskRabbit, Livspace, Optoro.
- Geolo Capital
- Details: Geolo Capital is a private equity firm that invests in real estate and hospitality sectors. They focus on creating value through strategic investments and partnerships.
- Investment Focus Areas: Real estate, hospitality, lifestyle.
- Notable Investments: Two Roads Hospitality, Proper Hospitality, Carmel Valley Ranch.
What's Next for Ori?
Ori's expansion into the APAC market presents a significant opportunity for growth, leveraging the technological advancements and market reach of its investors like Alphabet and IKEA Group. This move aligns with the increasing demand for flexible, sustainable, and affordable urban living solutions, positioning Ori to capture a substantial market share.
Future fundraising opportunities seem promising, given the successful closing of the recent equity financing round and the involvement of high-profile investors. This financial backing could pave the way for further investments, enabling Ori to scale operations and explore new markets.
However, Ori may face challenges such as competition in the smart living and architectural robotics market, as well as potential regulatory and market entry barriers in the APAC region. Ensuring the scalability and affordability of their technology will be crucial for sustained growth.
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