Company Overview
Snapshot
Founded in July 2013 by Avner Talmon, Olea Essence is a mature-stage company with 11–50 employees. The company has expanded its market reach, notably securing an agreement in May 2017 to sell its products in all 435 Whole Foods markets in the United States.
Business overview
Olea Essence specializes in producing natural and holistic olive-based products, including extra-virgin olive oil, natural cosmetics, and Eco Olea cleaning products. Utilizing olives grown near the Sea of Galilee, the company processes organic olives into raw, unfiltered, cold-pressed extra-virgin olive oils. Its laboratories then create natural cosmetics and toiletries from these olives, with remnants from the pressing used in its green cleaning line. Olea Essence operates within the Health Tech & Life Sciences sector, specifically focusing on Pharma & Medical Biotechnology and Cosmetic Materials, serving consumers globally.
Strategic signal
In May 2018, Olea Essence demonstrated significant market validation and growth potential through its expansion into international markets, particularly with Whole Foods Market as a major customer in the United States. This strategic move, alongside plans to expand to New York and Tokyo, signals the company's ability to navigate market challenges and secure substantial retail partnerships, indicating a strong trajectory for global market penetration and revenue growth for investors.
Log in to access full profile ›Company Intelligence Q&A
- What is Olea Essence's core business?
- Olea Essence produces natural and holistic products derived from olives, including extra-virgin olive oil, natural cosmetics, and Eco Olea cleaning products. The company utilizes organic olives grown near the Sea of Galilee.
- When was Olea Essence founded?
- Olea Essence was founded in July 2013.
- Has Olea Essence expanded its market reach in the United States?
- Yes, in May 2017, Olea Essence reached an agreement with Whole Foods to sell its natural cleaning products, followed by cosmetics and olive oils, in all 435 of its markets across the United States.
- What is Olea Essence's strategy for international expansion?
- In May 2018, Olea Essence was focused on expanding its presence in the United States and Southeast Asia, particularly with Whole Foods Market as a key customer. The company also had plans to open new branches in Zurich, Japan, and Israel.
- Who is a key investor in Olea Essence?
- In May 2018, Olea Essence was 50% owned by the Haama Group and Israeli industrialist Danny Hoffman.