What is Ooodles?
Ooodles operates as a FCA-regulated fintech company, specializing in providing Device-as-a-Service leases for IT hardware to SMEs. At the core of its offering is the proprietary Ooodles OS, an AI-powered technology platform that champions a circular economy model. This platform ensures optimal device longevity and facilitates responsible recycling through a comprehensive reuse-recycle strategy. By offering flexible Pay-As-You-Go plans, Ooodles is transforming how businesses access and manage their technology infrastructure, promoting sustainability and cost-efficiency.
How much funding has Ooodles raised?
Ooodles has raised a total of $2.5M across 1 funding round:
Other Financing Round
$2.5M
Other Financing Round (2024): $2.5M with participation from Traditum and Āltitude
Key Investors in Ooodles
Traditum
Traditum Private Investment Office is a firm that provides bespoke investment strategies for high-net-worth families and professional investors, focusing on growth, innovation, and sustainability. They offer tailored family office coordination and advisory services, including private equity and debt advisory, with an emphasis on long-term relationships and a flexible investment approach.
Āltitude
Āltitude is a European SME Tech Fund that invests in B2B software startups targeting small and medium-sized enterprises (SMEs). As a first-check investor, they provide financial support ranging from 300K to 2M euros for companies at pre-seed to series A stages, focusing on enabling the growth of innovative technology solutions for SMEs across Europe.
What's next for Ooodles?
With this major enterprise-level funding, Ooodles is poised for significant expansion and further development of its innovative fintech solutions. The strategic investment is expected to fuel advancements in its AI-driven Ooodles OS platform and broaden its market reach within the SME sector. This capital infusion will likely enable Ooodles to enhance its Device-as-a-Service offerings, reinforcing its position as a leader in sustainable IT hardware leasing and management. The company's focus on a circular economy model, coupled with its Pay-As-You-Go structure, positions it for sustained growth and increased adoption by businesses seeking efficient and eco-conscious technology solutions.
See full Ooodles company page
