Tech Company Financing Transactions
Elmo Funding Round
On 4/27/2023, Elmo landed $2.9 million in Seed funding from Barolo Investment Partners, FlyCap and Highgoal Capital.
Transaction Overview
Company Name
Announced On
4/27/2023
Transaction Type
Venture Equity
Amount
$2,893,000
Round
Seed
Proceeds Purpose
The investment will be used to accelerate licensing of Elmo's remote control technology in foreign markets.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
Kivi 12, Paldiski
Harjumaa, 76805
EE
Harjumaa, 76805
EE
Phone
Undisclosed
Website
Email Address
Overview
Elmo was founded in Estonia, a tech-savvy nation with a reputation for producing billion-dollar tech companies. Despite our small population of 1.3 million, we knew we had to maximize our resources to operate a successful car sharing business. That's why we created Elmo Remote with cutting-edge technology that allows us to move vehicles to where they're needed or deliver them directly to our customers.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Enn Laansoo
Chief Technical Officer
Priit Haljak
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