Oleo
PrivateLast Round
Seed
Apr 21, 2024
Total Funding Raised
$1.6M
Company Overview
Oleo is a biotechnology company that has developed a process to create a sustainable, low-carbon alternative to palm oil. The company, also known as Oleo Sustainable Palm Oil Solutions (SPOS), transforms lignocellulosic waste into a second-generation bio-oil that can serve as a drop-in replacement for palm oil in the consumer goods and biofuels sectors. The proprietary method involves a two-step process: first, using microwave hydrolysis to release fermentable sugars from biomass, and second, fermenting oleaginous yeast to produce lipids with a fatty acid profile similar to conventional palm oil. Founded by Stanford University graduates Gabriella Dweck and Kelly Redmond, the venture aims to reduce deforestation and greenhouse gas emissions associated with traditional palm oil production. The company is part of the Activate and Cyclotron Road accelerator programs.
Sector
Frontier & Industrial Tech
Verticals
Biotechnology, Sustainable Materials, Alternative Fuels, Circular Economy
Business Model
B2B
Customer Profile
Usage-Based SaaS, Services & Consulting
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Oleo Comps
Public and private peers based on sector, stage, and business model.
Oleo Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Seed | Apr 21, 2024 |
Oleo Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| G-Force | Seed |
| TomKat Center for Sustainable Energy | Seed |
| Collaborative Fund | Seed |
| Safar Partners | Seed |
Oleo Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Oleo's valuation, stock price, and market status.
