Olio Just Received $10 Million To Fund Manufacturing

Smartwatch startup receives $10 million in venture capitalist funding.

Source: Olio
Source: Olio

Last month the company names Olio announced their first smartwatch. It is designed to be a direct competitor to the Apple Watch and Android Wear devices. Its also the first smartwatch that I might wear.  The money that they received is going to be aid them in manufacturing more of these awesome watches.

The olio have taken a very different approach to smartwatches. Unlike Apple and Google this is not a computer on your wrist, it’s just a stylish way of seeing some information, and most importantly it cant run windows. The Olio watch is just something that aids you in your day, so you can see some notifications, that’s not a bad thing. Also this is built like a Swiss watch so you know its quality.

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The watch is also reasonably priced when comparing it to proper watches. The price of the watch is determined by which “collection” its from. The cheapest collection is their steel line, at $345 for a leather strap and $399 for a link strap. Next up is in my opinion the best looking line, the black line starting at $495 for the leather strap an $445 for the link strap. If you get the Black line I would recommend the link strap, it just looks sexy. Link apple Olio offer a gold watch, but unlike apple it doesn’t cost as much as a car. Another difference from the Apple Watch Edition that Olio have the decency to put 24 carat gold on their watch, whereas Apple only put 18 carats.

The money that the VC’s gave the young company will allow them to produce many more watches, because currently there’s only 32 rose gold watches available for pre order.

This may just be the best smartwatch on the market. Are you guys interested in this?

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