OLEC Technology Overview
- Year Founded
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2023
- Status
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Private
- Employees
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3
- Latest Deal Type
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Seed
- Investors
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4
OLEC Technology General Information
Description
Developer of light-emitting technology intended for sustainable and recyclable thin-layer lighting devices. The company enables the use of purely organic emitting layers to reduce reliance on scarce and toxic materials, simplify device architecture for low-cost, scalable production, improve environmental performance, support compatibility with flexible and unconventional substrates, enabling the light industry to create efficient, adaptable, and environmentally responsible lighting solutions for future applications.
Contact Information
Website
www.olec.techCorporate Office
- Krisjana Valdemara 119-12
- Riga, LV-1013
- Latvia
Corporate Office
- Krisjana Valdemara 119-12
- Riga, LV-1013
- Latvia
OLEC Technology Timeline
OLEC Technology Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 4. Seed Round | 26-Mar-2026 | Completed | Startup | |||
| 3. Accelerator/Incubator | 16-Mar-2026 | Completed | Startup | |||
| 2. Accelerator/Incubator | 23-Mar-2025 | $32.1K | $86.6K | Completed | Startup | |
| 1. Accelerator/Incubator | 01-Feb-2024 | $54.5K | $54.5K | Completed | Startup |
OLEC Technology Comparisons
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OLEC Technology Competitors (1)
One of OLEC Technology’s competitors is LunaLEC, a Venture Capital-Backed company based in Umea, Sweden.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| LunaLEC | Venture Capital-Backed | Umea, Sweden |
OLEC Technology Related Research & Analysis
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OLEC Technology Investors (4)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Plug and Play | Accelerator/Incubator | |||
| Innovation Network for Advanced Materials | Accelerator/Incubator | |||
| Startup Lithuania Accelerator powered by Plug and Play | Accelerator/Incubator | |||
| Commercialization Reactor | Accelerator/Incubator | Minority |
OLEC Technology FAQs
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When was OLEC Technology founded?
OLEC Technology was founded in 2023.
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Where is OLEC Technology headquartered?
OLEC Technology is headquartered in Riga, Latvia.
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What is the size of OLEC Technology?
OLEC Technology has 3 total employees.
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What industry is OLEC Technology in?
OLEC Technology’s primary industry is Electrical Equipment.
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Is OLEC Technology a private or public company?
OLEC Technology is a Private company.
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What is OLEC Technology’s current revenue?
The current revenue for OLEC Technology is .
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How much funding has OLEC Technology raised over time?
OLEC Technology has raised $86.6K.
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Who are OLEC Technology’s investors?
Plug and Play, Innovation Network for Advanced Materials, Startup Lithuania Accelerator powered by Plug and Play, and Commercialization Reactor have invested in OLEC Technology.
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Who are OLEC Technology’s competitors?
LunaLEC is a competitor of OLEC Technology.
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