O
Olive Union
Offers well-designed, functional, affordable wearables for impaired hearing
About Olive Union
Olive Union is a pioneering company in the hearing aid industry, focusing on developing innovative products to combat hearing loss and difficulty hearing for all ages. The company operates in the healthcare technology market, offering a range of hearing amplifiers and aids that are both affordable and stylish. Olive Union's core product, the Olive Smart Ear, is a single-ear hearing amplifier designed to improve everyday sound quality and is customizable to individual hearing needs. The company aims to remove the stigma associated with impaired hearing by making their devices as accepted and ubiquitous as glasses and other wearables.
Olive Union serves a diverse clientele, including individuals with varying degrees of hearing loss, from mild to severe. The company’s business model revolves around direct-to-consumer sales through their website and other online platforms, ensuring accessibility to a global market. Revenue is generated through the sale of their hearing devices and related accessories.
By focusing on affordability, design, and accessibility, Olive Union is positioned to capture a significant share of the hearing aid market, which is expanding due to an aging population and increased awareness of hearing health.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2016
- Headquarters
- Seoul, South Korea
- Employees
- 11
- Open positions
- None listed
- Dealroom signal
- 64.4/100
- Industry
- Health, Wellness Beauty
- Sub-industry
- Medical Devices
- Sector
- Health Tech & Medtech, Rehabilitation, Hard Tech, DT and LS, science-based
- Technology
- Hardware, Deep Tech
- Business model
- Manufacturing
- Client focus
- b2b, b2c
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Other✓Other financing | Aug 2023 | $29M | — | Undisclosed | — |
| SERIES B✓Equity / VC | Apr 2021 | $7M | $50M | Beyond Next Ventures · Japan Finance · Bonds Investment Group | — |
Growth signals
Latest recorded traffic for Olive Union is 35K monthly website visits, down 79.4% over the last three months. Olive Union's team declined 8.3% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
Magna Investment
LITALICO
Series A3 investors entered at this stage
Beyond Next Ventures
Japan Finance
Bonds Investment Group
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Olive Union on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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