# Ori

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

- Industry: Consumer Products
- Headquarters: Boston, US
- Website: www.oriliving.com
- Total disclosed funding: $26M
- Latest round: Series B (Sep 5, 2019)
- Investors on record: 4

## About

Ori, Inc. is a company that specializes in innovative architectural solutions for urban living, focusing on maximizing space through adaptable housing designs that cater to diverse needs.Founded in 2015 in Boston, US, Ori, Inc. develops Expandable Apartments that transform single rooms into multiple functional spaces. The company has raised USD 20.00 mn in a Series B funding round led by Sidewalk Labs, with participation from Geolo Capital, Ingka Investments, and Khosla Ventures. Ori has completed a total of 3 deals, with the latest occurring on September 13, 2022. The CEO and co-founder, Hasier Larrea, has a history of innovation in the architectural technology sector.Ori Expandable Apartments represent a pioneering approach to urban living, utilizing innovative architectural technology to maximize space in residential units. The core offering includes Expandable Apartments that can convert between various configurations, effectively transforming one room into three or four distinct areas. This solution addresses the need for affordable and adaptable housing, primarily targeting young professionals and families. Ori's technology is integrated into over 1,600 units across more than 100 buildings in 60 cities throughout the United States and Canada, featuring semi-furnished units to enhance the move-in process.Ori's revenue model is based on leasing its Expandable Apartments directly to residents through monthly rental agreements. This model allows residents to enjoy adaptable living spaces without the need for increased square footage. Ori collaborates with property developers to integrate its technology into new residential projects, enhancing property value. The company also maintains a direct leasing program that facilitates immediate occupancy for tenants, streamlining the rental experience through semi-furnished units.In September 2022, Ori, Inc. raised USD 20.00 mn in venture funding to support global expansion efforts. The company aims to introduce new products and expand into additional markets, although specific new product launches and targeted geographic regions have not been disclosed. The recent funding will play a crucial role in facilitating these growth initiatives.

## Funding rounds

- Series B, Sep 5, 2019, $20M — Khosla Ventures, Geolo Capital, Sidewalk Labs, Ingka Investments
- Series A, Sep 13, 2017, $6M — Khosla Ventures

## Investors

- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A, Series B
- Geolo Capital (https://capitalatlas.ai/funds/geolo-capital) — Series B
- Sidewalk Labs — Series B
- Ingka Investments — Series B