Let's rewind a few years.
To wake up his wife and daughter early in the morning or skip a nutritious morning energy boost? That was the dilemma facing millo’s founder Adam not so long ago. After looking around for a solution and not finding anything, he decided to take the task of creating one with his own hands.
As Adam himself says, “Millo was born out of frustration that is experienced by nearly everybody making smoothies.” Smoothie makers are incredibly noisy and washing them is a major pain. This robs us of an option of a quick and healthy meal and the willingness to improve diet is given up due to the lack of time and convenience.
While the problem was clear, the solution was far from that. Eventually, the idea for how millo should work came from a toy. It was a music box with dancers spinning on top of it. The trick there was that those dancers weren't physically attached to any motor, they were spun magnetically!
Location: Lithuania
Employees: 11-50
Total raised: $1.066454M
Founded date: 2016
Investors 2
| Date | Name | Website |
| - | Koinvestic... | koinvest.l... |
| - | CoInvest C... | coinvest.l... |
Funding Rounds 3
| Date | Series | Amount | Investors | Deal News |
| 07.06.2019 | - | $850.311K | - | eu-startup... |
| - | - | $105.633K | - | startuplit... |
| - | - | $110.51K | - | startuplit... |
Mentions in press and media 7
| Date | Title | Description | Source |
| 07.06.2023 | Lithuania's thriving startup ecosystem is far more than fint... | Think Lithuanian startups and your first thought is fintech companies. After all, the country is hom... | tech.eu/20... |
| 18.02.2021 | Spring Forward With These Smart Home Gift Ideas | With Valentine's Day now in the rear-view mirror, I want to highlight several smart home tech produc... | forbes.com... |
| 07.06.2019 | Lithuanian startup Millo Appliances raises €750k to improve ... | Vilnius-based Millo Appliances, which has developed a quiet, smart blender that can be controlled vi... | eu-startup... |
| - | Makers of Millo Blender Raised 100K EUR From Angel Investors... | Four undisclosed business angels invested 100K EUR into Millo, a company making smart blenders. Now... | startuplit... |
| - | Millo Appliances Raises €750k to Improve People’s Diet with ... | Lithuania-based Millo Appliances, the developer of the groundbreaking Millo blender, has raised €750... | startuplit... |
| - | Startup Lithuania Roadshow Enters The Next Stage | Startup Lithuania Roadshow registration has officially closed and the project accelerates to the nex... | startuplit... |
| - | Lithuanian Made Smoothie Maker Millo Acquired £80 000 of Inv... | Support of crowd-funders secured the further plans of Millo Lithuanian investor and businessman Vla... | startuplit... |