# Arovia

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/arovia

- Industry: Consumer Products
- Headquarters: Houston, US
- Website: www.arovia.com
- Latest round: Seed (Oct 2, 2017)
- Investors on record: 2

## About

Arovia, Inc. specializes in advanced portable display technology, focusing on innovative solutions for dynamic presentations in professional and military contexts.Founded in 2015 and headquartered in Houston, US, Arovia, Inc. designs and manufactures the Splay, a versatile foldable display device. The company has undergone strategic developments since its inception and has completed 2 deals, with the most recent occurring on May 30, 2019. The founders, Alexander Wesley and George Zhu, lead the company, with Wesley currently serving as CEO.Arovia's primary offering is the Splay, a foldable and portable display designed for versatile use in various environments, including military operations and mobile professional settings. The Splay features a patented nanomaterial screen that enables users to transform it from a compact size into a 24-inch HD screen or utilize its ultra-short throw projector mode for an 80-inch image. This product addresses the need for dynamic visual presentations in settings such as corporate meetings, tradeshow floors, and remote work scenarios, allowing users to engage audiences effectively. The Splay is engineered for durability and portability, meeting U.S. Military standards and catering to a diverse customer base that includes business professionals, educators, military personnel, and tech enthusiasts across markets such as North America, Europe, and parts of Asia.Arovia generates revenue through direct sales of its flagship product, the Splay, utilizing a straightforward transaction structure that focuses on B2B and direct-to-consumer sales. Customers purchase the Splay through retail channels and potentially partnerships with corporate clients seeking innovative display solutions. The pricing model is strategically aimed at providing value for professionals who require high-quality, portable presentation tools. With a unique product positioning and advanced technology, Arovia captures interest from various sectors, including education and corporate training, further enhancing its market reach and revenue potential.In May 2019, Arovia, Inc. raised an undisclosed amount of venture funding from new investor Band of Angels. The company plans to leverage this funding to enhance product development and explore new market opportunities, particularly in regions beyond North America, including Europe and Asia. Arovia aims to launch new iterations of the Splay that cater to emerging market needs, with a focus on the education sector and corporate markets, to be rolled out by late 2023.

## Funding rounds

- Seed, Oct 2, 2017 — SOSV, HAX

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- HAX — Seed