# Oico

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

- Industry: Construction
- Headquarters: Sao Paulo, Brazil
- Website: www.oico.com.br
- Total disclosed funding: $7M
- Latest round: Seed (Oct 21, 2021)
- Investors on record: 5

## About

Oico is a technology-driven company specializing in operational efficiency and sustainability solutions. They develop innovative applications that address resource management and productivity challenges across diverse industries.Founded in 2020 and headquartered in Sao Paulo, Brazil, Oico focuses on enhancing operational efficiency through advanced technology. The company has completed a total of 3 deals, with the most recent funding round being a Seed round in October 2021, where they raised USD 5.5 mn led by Valor Capital Group and supported by investors including Companhia Siderúrgica Nacional and Tiger Global Management. Oico was established by individuals with prior experience in the tech sector, although specific details about the founder are not available.The core offerings of Oico include a range of innovative solutions tailored to meet the needs of diverse industries. Their primary products focus on enhancing operational efficiency and sustainability through advanced technology applications. These solutions aim to address challenges such as resource management, environmental compliance, and productivity optimization. Oico serves a broad client base, including industrial manufacturers, agricultural enterprises, and service providers across various sectors. The company’s products have been deployed in key markets including North America, Europe, and parts of Asia, indicating a strong commitment to global reach and impact.Oico generates revenue primarily through a combination of direct sales and strategic partnerships with enterprises seeking to enhance their operational capabilities. The company's revenue model includes subscription services for software applications that facilitate real-time data analysis and resource management. Typical transactions involve long-term contracts with clients who benefit from Oico's flagship solutions, which are designed to deliver measurable improvements in efficiency and compliance. By engaging in B2B sales, Oico ensures that its offerings are integrated into the workflows of its customers, thereby establishing ongoing relationships that drive recurring revenue streams. Pricing structures reflect the value delivered through their comprehensive service offerings, tailored to meet the specific needs of their diverse clientele.In October 2021, Oico raised USD 5.5 mn in Seed funding to bolster its infrastructure and expand its workforce. The company plans to enhance its product offerings and target new markets, including regions in Latin America and Europe, by 2023. The funding will support these initiatives, allowing Oico to develop additional products aimed at improving operational efficiencies for its clients.

## Funding rounds

- Seed, Oct 21, 2021, $5.5M — Tiger Global Management, Valor Capital Group, Maya Capital, FJ Labs, Companhia Siderúrgica Nacional
- Seed, Aug 6, 2020, $1.5M — Maya Capital, FJ Labs
- Seed, Mar 12, 2020 — FJ Labs

## Investors

- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed
- Maya Capital — Seed
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Seed
- Valor Capital Group (https://capitalatlas.ai/funds/valor-capital-group) — Seed
- Companhia Siderúrgica Nacional — Seed