# Ovelin

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

- Industry: Travel & Leisure
- Headquarters: Tampere, Finland
- Website: www.ovelin.com
- Total disclosed funding: $1.4M
- Latest round: Seed (Feb 8, 2012)
- Investors on record: 1

## About

Ovelin is a music education technology company providing an innovative platform that offers interactive lessons for various instruments, enhancing user engagement through real-time feedback and personalized learning experiences.Ovelin specializes in music education technology, delivering a platform that focuses on interactive learning experiences for instruments such as guitar, piano, and ukulele. The company was founded by Chris Thür, who has a history in the tech industry. Ovelin is headquartered in Tampere, Finland. In February 2012, Ovelin raised USD 1.4 mn in a Seed round led by True Ventures, marking a significant funding milestone for the company.Ovelin's primary offerings include an interactive music education platform that supports learning for various instruments like guitar, piano, ukulele, and bass. The platform utilizes award-winning technology to provide immediate feedback on users' performances, enhancing their learning journey. Ovelin’s extensive lesson plans, crafted by professional music educators, cover thousands of exercises and songs, catering to a diverse user base from beginners to seasoned musicians. The service is accessible on multiple devices, making it suitable for users across North America, Europe, and parts of Asia.In 2023, Ovelin reported a revenue of USD 66,778,251.70 and an EBITDA of USD 3,182,157.50. The company's revenue strategy is primarily driven by a subscription-based model, with different pricing tiers available, including options for families, which enhances user engagement and facilitates direct transactions with consumers.Following its recent Seed round in February 2012, which raised USD 1.4 mn, Ovelin aims to leverage these funds to expand its product offerings and enhance its platform. The company is focused on developing new features to improve user engagement and is exploring opportunities to enter new geographic markets, particularly in Asia and Europe, by the end of 2024. These initiatives are designed to broaden their reach and provide more comprehensive music education solutions globally.

## Funding rounds

- Seed, Feb 8, 2012, $1.4M — True Ventures

## Investors

- True Ventures (https://capitalatlas.ai/funds/true-ventures) — Seed