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Millo Appliances logo — The future is here! Meet millo, a cordless, portable, and st...

Millo Appliances

The future is here! Meet millo, a cordless, portable, and strikingly smart blender.

Founded 2017 Lithuania Lithuania 5 employees Seed Total: $1.48M Food and Beverage, Health Care +1

General Information

Company Name Millo Appliances
Founded Year 2017
Location Lithuania Lithuania
Founders / Decision Makers
Team member
Employees 5
Industries Food and Beverage, Health Care, Health and Wellness
Funding Stage Seed
Social

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About Millo Appliances

Millo Appliances, founded in 2015 in Lithuania, has garnered attention in the Health Care industry with its innovative and sustainable food preparation solutions, notably the Millo blender. The company's slogan "Millo Appliances develops innovative and sustainable food preparation solutions, including the Millo blender," encapsulates its mission to promote healthier and more sustainable diets through inventive and convenient food preparation. The Millo blender, equipped with cutting-edge AirDrive technology, is a game-changer in the market, addressing the shortcomings of traditional blenders. With a focus on minimalism and functionality, the Millo blender boasts a 360-degree, touch-sensitive surface and operates three times quieter than standard blenders, thanks to its brushless engine with an integrated magnetic coupling. This disruptive technology has attracted substantial attention, with Iron Wolf Capital investing €750.00K in Millo's Seed Round in 07 June 2019. Millo Appliances has not only demonstrated its technological prowess but also its market potential, as evidenced by its successful Kickstarter campaign in 2017, which secured over €100,000 and received 300 reservations for the Millo blender within 30 days of its launch. The momentum behind the company is further reflected in its total funds raised, amounting to €1.5 million. Ruslanas Trakselis, the Founder and CEO, has been the driving force behind Millo's success, drawing inspiration from personal challenges and a vision for innovation in food preparation technology. The company's emphasis on user experience, convenience, and sustainability positions Millo Appliances as a promising player in the health and wellness market.

Business keywords: Appliances, Food Preparation, Blender, Smart Devices, Health & Wellness, Innovation, Start-up, Technology, Wireless, Portable Devices, Crowdfunding, Silent Technology, Minimalist Design

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round €750.00K 1
Iron Wolf Capital
Iron Wolf Capital
07 Jun 2019
Seed Round €450.00K 5
SBA Group of Companies
SBA Group of Companies, Andrius Slimas +3
13 Jun 2018
Seed Round €100.00K 1
Kickstarter
07 Jun 2017
Angel Round €100.00K -
01 Mar 2017
Seed Round €80.00K -
05 Dec 2016

Millo Appliances Alternatives & Competitors

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Millo Appliances vs
Droplette
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Ellcie Healthy SAS
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FAQ About Millo Appliances

The future is here! Meet millo, a cordless, portable, and strikingly smart blender.
Millo Appliances was founded in 2017.
Millo Appliances is headquartered in Lithuania.
Millo Appliances operates in Food and Beverage, Health Care and Health and Wellness. Its work centres on Appliances, Food Preparation, Blender and Smart Devices.
Millo Appliances has approximately 5 employees.
Millo Appliances has completed 5 funding rounds, raising a total of $1.48M. The latest funding stage is Seed.
Top alternatives and competitors to Millo Appliances include Droplette, Ellcie Healthy SAS, Mark One, FitLinxx, ablute. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Millo Appliances and Droplette are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Millo Appliances, https://bouncewatch.com/company/millo-appliances, updated 21 October 2024. When citing, please name BounceWatch and link this page.

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