# OLEV

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

- Industry: Transportation Services
- Headquarters: San Francisco, US
- Website: www.ruut.tech/
- Total disclosed funding: $0.3M
- Latest round: Angel (Nov 1, 2016)
- Investors on record: 2

## About

Ruut, formerly known as Olev, is a Software as a Service (SaaS) provider that specializes in solutions for outdoor advertising companies, focusing on the management and monetization of smart advertising screens.Ruut offers a comprehensive platform that enables outdoor advertising firms to acquire and manage smart advertising screens effectively. Founded in 2016 in San Francisco, US, by Erhan Çiris and Ertunc Ciris, the company has engaged in three deals, with the most recent funding round being a Seed round in July 2017, raising USD 0.27 mn, bringing the total company valuation to USD 8.00 mn.Ruut delivers a robust platform designed for outdoor advertising companies, facilitating the procurement and management of smart advertising screens. The platform provides clients with tools for monitoring advertisements, scheduling content, and analyzing performance metrics, primarily targeting markets in North America, Europe, and Asia.Ruut generates revenue through a subscription-based model, where clients pay a recurring fee to access various service tiers based on their operational needs. Additionally, partnerships with screen manufacturers and advertising firms contribute to its revenue streams, reflecting the value provided through Ruut's technological capabilities.Ruut plans to enhance its platform with innovative features and expand its market reach into new geographic areas. The latest funding round, completed in July 2017, will be utilized to support the development of these new products and further establish a presence in targeted regions, ensuring alignment with the evolving demands of the outdoor advertising industry.

## Funding rounds

- Angel, Nov 1, 2016, $0.3M — 500 Global, Istanbul Startup Angels

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Angel
- Istanbul Startup Angels (https://capitalatlas.ai/funds/istanbul-startup-angels) — Angel