# Olabot

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

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.squadapp.io
- Total disclosed funding: $5M
- Latest round: Seed (Aug 6, 2019)
- Investors on record: 6

## About

Olabot, Inc. operates SquadApp, a digital platform that fosters social connections through interactive video calls and collaborative experiences, enhancing user engagement in virtual environments.Olabot, Inc. was founded in 2016 and is headquartered in San Francisco, US. The company focuses on creating a platform for high-quality group video calls and collaborative media experiences. In August 2019, Olabot raised USD 5 mn in Seed funding led by First Round Capital, with participation from several other investors. The founder's background includes experience in technology startups, although specific previous companies are not mentioned.SquadApp specializes in providing a comprehensive digital platform designed to facilitate social connections through interactive video calls and collaborative experiences. The core offering enables users to engage in high-quality group video calls while allowing for screen sharing, collaborative viewing of media, and interactive gaming—all aimed at enhancing personal and social interactions. Launched in 2025, SquadApp addresses the growing need for meaningful communication channels, especially where social distancing and remote interactions have become prevalent. The primary target audience includes individuals seeking to maintain connections with friends and family, creative teams collaborating on projects, and users looking for supportive social environments. SquadApp serves a global market, with users primarily located in North America, Europe, and parts of Asia, reflecting its broad appeal across various demographics.The revenue model for SquadApp is built around a subscription-based structure, allowing users to access premium features and services. Customers can opt for monthly or annual subscription plans, unlocking additional functionalities beyond the basic offering. Users register on the platform and select their preferred subscription tier, enabling access to features such as interactive games, enhanced video quality, and exclusive content sharing. The flagship service revolves around its group video calling capabilities, generating revenue through subscription fees without reliance on traditional advertising or external partnerships.Following the Seed funding of USD 5 mn raised in August 2019, Olabot, Inc. plans to develop new products and expand its market reach. Future initiatives include launching new interactive features and enhancing the platform's capabilities, with specific release dates yet to be announced. Additionally, the company aims to penetrate new geographic markets in Asia and Europe by 2024, leveraging funding to support these growth strategies.

## Funding rounds

- Seed, Aug 6, 2019, $5M — First Round Capital, Betaworks Ventures Management, Y Combinator, Day One Ventures, Alpha Bridge Ventures, January Ventures

## Investors

- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Seed
- Betaworks Ventures Management (https://capitalatlas.ai/funds/betaworks-ventures-management) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Day One Ventures (https://capitalatlas.ai/funds/day-one-ventures) — Seed
- Alpha Bridge Ventures (https://capitalatlas.ai/funds/alpha-bridge-ventures) — Seed
- January Ventures (https://capitalatlas.ai/funds/january-ventures) — Seed