Fundz

Aussie Adventure Tech Start-Up Milo Snags $12M In Funding

PRIVATEJan 08, 2023

Amount Raised

$12 Million

Round Type

Funding Round

San FranciscoFinancial ServicesLending And InvestmentsPayments

Investors

Xt VenturesDe Novo VenturesLoose Cannon SystemsFoxconn

Description

An Australian-founded adventure-technology start-up backed by the iPhone manufacturing giant Foxconn has just closed its Series A funding round for $12 million, taking its total funding to date to $18 million.

Quick answer

Milo raised $12 Million in a Funding Round round, dated January 8, 2023. Investors: Xt Ventures, De Novo Ventures, Loose Cannon Systems and Foxconn. Milo is based in San Francisco, California, United States.

How much did Milo raise?
Milo raised $12 Million in a Funding Round round on January 8, 2023.
Who invested in Milo?
Xt Ventures, De Novo Ventures, Loose Cannon Systems and Foxconn are named as investors in this round.
What does Milo do?
It all began in 2014 when Peter Celinski, the founder of Milo, went on a ski trip with his family.
Where is Milo based and how big is it?
Milo is based in San Francisco, California, United States.

Source: Fundz verified event record.

Who else raised in Financial Services and Lending And Investments around the same time

Companies in the same sectors as Milo that raised within 45 days of this round, from Fundz verified event records.

  • Tazapay raised $17M (Series A) on February 9, 2023.
  • Car IQ raised $15M (Series B) on February 7, 2023.
  • Entelligent Inc. raised $1.1M (Series A) on February 1, 2023.
  • Rigi raised $12M (Funding Round) on January 25, 2023.
  • Unrivaled Brands raised an undisclosed amount (Funding Round) on January 6, 2023.
  • Shift4 Payments raised $4M (Seed) on December 19, 2022.

Who to call at Milo, and when

A new round usually means Milo is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Milo

Location

San Francisco, California, United States

About

It all began in 2014 when Peter Celinski, the founder of Milo, went on a ski trip with his family. His children were advanced skiers and went on runs that Peter could not. Wanting to be in communication with his children, Peter tried shouting and traditional walkie-talkies, but nothing worked well enough to stay connected on the mountain. This experience, combined with Peter’s expertise in audio engineering sparked an idea. There must be a better way to communicate, hands-free, phone free on the mountain. And Milo was born. At Milo, we seek to make shared adventures better by connecting people with confidence and simplicity. Confidence in a reliable connection. Confidence in clearly hearing others in your group and knowing if someone falls behind. Simplicity so you can hand a Milo to someone for the first time and trust they can figure it out immediately. We believe these characteristics set Milo apart from cheap walkie-talkies and expensive high end digital mobile radios. Headquartered in Silicon Valley, we are a team of designers, engineers, scientists and builders. Together, we have more than 200 years of experience creating technologies and products for some of the most loved tech brands on the planet. In the past, we’ve built comms systems, networked hi-fi equipment, neural-network chips, voice assistants, video games, avionics, wearables, networking protocols and the earliest Wi-Fi speaker system. We have come together and have spent more than three years designing, building and testing the core Milo software, hardware and complete design.

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Milo raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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