OVR Technology - Early stage investment in wearable, wireless, digital scent
OVR Technology, https://ovrtechnology.com/, is combining our most primal sense - scent - with today’s most advanced technology to make digital experiences more immersive, effective, emotional, and valuable. As the leader in digital scent technology, OVR is bridging the science of scent with the ubiquity of digital apps to blaze a trail of mass adoption and be the leading supplier of scent technology.
OVR is raising funds to refine, manufacture, and scale the sales of the next-generation of its technology, which is a direct-to-consumer, wearable scent technology compatible with mobile, desktop, VR, and AR. The product includes an app that allows users to create and share multisensory content by allowing them to mix and integrate a variety of scents into videos, images, and audio.
The company's first product was a B2B, VR-focused technology for Wellness that has been adopted in hospitals and mental health clinics. The company's IP portfolio includes five granted patents, and its customers, partners, and pipeline include P&G, PepsiCo, L'Oreal, Boticario, Unilever, IFF, Symrise, Siemens, and Conde Nast.
The company is raising $10mm in this round and the family member, who is a co-founder, is investing $500,000 to $1,000,000 in the round. The family member has invested ~$8.5mm in various seed rounds to date.
The Stiller family founded Keurig-Green Mountain Coffee Roasters. Since the sale of that company in 2016, they have devoted significant assets to direct investment in healthcare technology, fintech, technology, and electric aviation.