# Colu Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/colu-technologies

- Industry: Financial Services
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.colu.com
- Total disclosed funding: $12M
- Latest round: Series A (Jun 23, 2016)
- Investors on record: 4

## About

Colu Technologies Ltd. provides innovative civic engagement solutions through a digital platform that encourages community involvement and promotes local economic development.Colu Technologies Ltd. specializes in building digital platforms for civic engagement. Founded in 2014 and headquartered in Tel Aviv-Yafo, Israel, the company has undergone a strategic focus on enhancing community interaction through gamified solutions. In February 2022, Colu raised USD 7.00 mn in a funding round led by Alumni Ventures Group, marking a pivotal moment in its growth trajectory. The company has completed a total of 7 deals to date.Colu Technologies Inc. specializes in civic engagement solutions through its innovative digital platform, which includes city-branded mobile applications designed to foster community involvement and drive local economic growth. The core product offerings focus on gamification and the use of a unique City Coin, which incentivizes residents to engage with their local businesses and participate in city initiatives. By rewarding users for actions that align with municipal goals, Colu aims to create a sense of civic pride and enhance the overall quality of life within communities. The company serves various geographical markets, including cities in the United States such as Akron, OH; Boston, MA; and Rancho Cordova, CA, as well as international markets including Tel Aviv, Israel, and Belfast, UK.Colu generates revenue through partnerships with municipalities and local businesses that utilize its platform for community engagement. This model often involves subscription agreements or revenue-sharing structures where cities invest in the platform to enhance civic participation. Clients, typically local governments or economic development agencies, engage with the Colu platform to facilitate transactions through the City Coin, which is spent at participating local retailers. Revenue is generated as businesses benefit from increased foot traffic and consumer engagement driven by the platform. Specific terms of these partnerships, including pricing plans for city applications or promotional features, are tailored to the needs of each municipality and local business partner.Colu Technologies Ltd. plans to expand its offerings by developing new features for its platform that further enhance user engagement. The company is targeting expansion into additional U.S. cities and international markets over the next two years. Recent funding of USD 7.00 mn will be instrumental in supporting these initiatives, particularly in enhancing product capabilities and facilitating market entry.

## Funding rounds

- Series A, Jun 23, 2016, $9.6M — Digital Currency Group, Aleph
- Seed, Jan 27, 2015, $2.5M — Spark Capital, BoxGroup, Digital Currency Group, Aleph

## Investors

- Spark Capital — Seed
- BoxGroup (https://capitalatlas.ai/funds/boxgroup) — Seed
- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed, Series A
- Aleph (https://capitalatlas.ai/funds/aleph) — Seed, Series A