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!
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: $1.07M
Founded date: 2016
Investors 2
| Date | Name | Website |
| - | Koinvestic... | koinvest.l... |
| - | CoInvest C... | coinvest.l... |
Funding Rounds 3
| Date | Series | Amount | Investors |
| 07.06.2019 | - | $850.31K | - |
| - | - | $105.63K | - |
| - | - | $110.51K | - |
Mentions in press and media 7
| Date | Title | Description |
| 07.06.2023 | Lithuania's thriving startup ecosystem is far more than fintech with thriving unicorns and changemakers aplenty | Think Lithuanian startups and your first thought is fintech companies. After all, the country is home to over 280 fintech companies, so there are many reasons to call it the leader of fintech in the Baltics. But its most successful business... |
| 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 products that have a special place in my heart (no pun intended) as it address real-world problems to varying degrees. While flowers or candy may ... |
| 07.06.2019 | Lithuanian startup Millo Appliances raises €750k to improve people’s diet with blending | Vilnius-based Millo Appliances, which has developed a quiet, smart blender that can be controlled via a smartphone, has raised €750k led by Iron Wolf Capital and three local angel investors, along with the Koinvestment Fund. This brings Mil... |
| - | Lithuanian Made Smoothie Maker Millo Acquired £80 000 of Investment Through the Kickstarter | Support of crowd-funders secured the further plans of Millo Lithuanian investor and businessman Vladas Lašas who has invested in Millo smoothie maker himself encourages others to become angel investors and startup advisors as well. “I am ha... |
| - | Startup Lithuania Roadshow Enters The Next Stage | Startup Lithuania Roadshow registration has officially closed and the project accelerates to the next stage. We are glad to announce all startups who applied and wish them best of luck! The aim of the Roadshow is to present strongest and th... |
| - | Millo Appliances Raises €750k to Improve People’s Diet with Blending | Lithuania-based Millo Appliances, the developer of the groundbreaking Millo blender, has raised €750k led by Iron Wolf Capital and 3 local angel investors, joined in equal part by Koinvestment Fund. This takes Millo’s total investment so fa... |
| - | 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 Millo will use this investment to launch a Kickstarter campaign in late April-early July, Verslo žinios business daily reports. Ruslanas Tra... |