Olio Devices, a San Francisco, CA-based tech wristwatch brand, closed a $10m Series A funding.
The round was led by New Enterprise Associates (NEA).
The company intends to use the funds to explore new partnerships, develop its products, expand the team, and support the manufacturing and delivery of the flagship product, the Olio Model One.
Co-founded by Steven Jacobs, Evan Wilson, and AJ Cooper, Olio Devices combines high-end materials with proprietary hardware and software to create crafted connected wristwatch, which are available in four (Steel, Black, Gold or Rose Gold) collections at www.oliodevices.com.
The Olio Model One has a retail price starting at $595 for the Steel Collection.