Olive X-Press Overview
Olive X-Press is the developer of a household countertop olive oil press. The company sells small olive press machine to supermarkets, Deli’s and private homes, backed up with treated olives capsules packages ongoing supply (patented, produce and delivered by local olive growers), enabling Olive X-Press users to prepare fresh, pure, cold pressed olive oil at home, upon demand, year round.
Cumulative Funding Raised Over Time ($)
$528KFeb 2020
$2.0MJan 2010
$2.5MJun 2018
Latest News
growth-positive
Israeli Firm Prepares to Launch Countertop Olive Oil Appliance
Israeli company Olive X-Press is preparing to launch a countertop olive oil production appliance. The device allows consumers to transform 3 kilograms of olives into olive oil at home in 45 minutes. The companys CEO, Nir Padan, said the biggest challenge was combining the three main steps of olive oil production into a countertop appliance. The company also plans to make most of its revenue from selling vacuum-packaged olives to transform in the appliance. The prototype will undergo rigorous testing and should be ready for a limited market introduction before the 2024 olive harvest. The company has already raised $3.5 million for the project.
InvestmentCustomers
growth-positive
Countertop Olive Oil Cold Press Hits Crowdfunding Goal
A new company called Olive X-Press from Israel has developed a device that can produce fresh olive oil at home. The device, roughly the size of a blender, uses a cold press to turn olives into olive oil in 45 minutes. Olive X-Press has raised $386,000 on the Israeli investor platform ExitValley, in addition to a $1.5 million early seed investment. The company plans to make money through device sales to consumers and small businesses, as well as a subscription service for fresh olives. The target price for the Olive X-Press is $299, with bags of olives costing $7 - $10 each. Olive X-Press holds three patents for the device and plans to go into commercial production in 2019.
InvestmentExpand
Olive X-Press - The first and Only Home Olive Oil Press
Olive X-Press Business
Business models
B2C, B2B
Product stage
Beta
Employees
1-10
Sector
Agriculture & Food TechnologiesFood TechFood ProcessingFood Trade & ServicesTarget Customer
Food Retail & ConsumptionHomeWholesaleCore Technology
Machinery & RoboticsProcessing MachineryTags (6)
foodtechfood-ingredientsrestaurantsconsumerssupermarketshome-appliancesGeographic Markets
GlobalOlive X-Press Financials
$2.46M
Total funding
Undisclosed
Capital raised
$528K
Last funding
Seed
Funding stage
3
Total rounds
3
Investors
Cumulative Funding Raised Over Time ($)
$528KFeb 2020
$2.0MJan 2010
$2.5MJun 2018
Private Equity Funding
Equity crowdfunding
Feb 2020
$528K
Fundit
Equity crowdfunding
Jun 2018
$430K
ExitValley
Seed
Jan 2010
$1.5M
Undisclosed Investor(s)
Olive X-Press Lifecycle
Cumulative Funding Raised Over Time
$528KFeb 2020
$2.0MJan 2010
$2.5MJun 2018
All Events
Equity crowdfunding
Feb 2020
$528K
Fundit
Equity crowdfunding
Jun 2018
$430K
ExitValley
Seed
Jan 2010
$1.5M
Undisclosed Investor(s)
Olive X-Press News
3 articles
growth-positive
Israeli Firm Prepares to Launch Countertop Olive Oil Appliance
Israeli company Olive X-Press is preparing to launch a countertop olive oil production appliance. The device allows consumers to transform 3 kilograms of olives into olive oil at home in 45 minutes. The companys CEO, Nir Padan, said the biggest challenge was combining the three main steps of olive oil production into a countertop appliance. The company also plans to make most of its revenue from selling vacuum-packaged olives to transform in the appliance. The prototype will undergo rigorous testing and should be ready for a limited market introduction before the 2024 olive harvest. The company has already raised $3.5 million for the project.
InvestmentCustomers
growth-positive
Countertop Olive Oil Cold Press Hits Crowdfunding Goal
A new company called Olive X-Press from Israel has developed a device that can produce fresh olive oil at home. The device, roughly the size of a blender, uses a cold press to turn olives into olive oil in 45 minutes. Olive X-Press has raised $386,000 on the Israeli investor platform ExitValley, in addition to a $1.5 million early seed investment. The company plans to make money through device sales to consumers and small businesses, as well as a subscription service for fresh olives. The target price for the Olive X-Press is $299, with bags of olives costing $7 - $10 each. Olive X-Press holds three patents for the device and plans to go into commercial production in 2019.
InvestmentExpand
Olive X-Press - The first and Only Home Olive Oil Press
Olive X-Press Team
Employee Info
| Employees (range) | 1-10 |
| Exact count | 3 |
| Team members | 1 |
Similar Companies
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This entity has 9 classification IDs that could be used for matching.
Olive X-Press Internal
Recent Updates
No update log entries.
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Admin Info
| Confidence | 95/100 |
| Missing | homepage, markets |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 514028646 |
| Last updater | Ortal Wein |
| Updater email | ortalw@sncentral.org |
| Last update | 2024-03-20T00:00:00.000Z |
| Created | 2018-02-06T00:00:00.000Z |
| Claimed | Yes |