Ollie Acquisition, Valuation, Funding & Investors

Ollie was acquired by Agrolimen for $600M in February 2026, a 0.2x multiple on $2.6B of revenue.

See full Ollie profile

Ollie acquisition price

$600M

Acquired by Agrolimen · Feb 2026

Ollie revenue at acquisition

$2.6B

Last twelve months · Feb 2026

Ollie revenue multiple at acquisition

0.2x

EV/Revenue · Feb 2026

Cumulative funding Ollie raised

$68M

across 5 funding rounds

Ollie Overview

About Ollie

Ollie is a New York-based subscription service delivering freshly prepared, human-grade dog food customized to individual nutritional profiles. Portion-controlled meals arrive pre-packaged at doorsteps nationwide, excluding fillers and by-products.


Founded

2016

HQ

United StatesReno, NV

Status

Acquired

Customer focus

B2C

Revenue model

Subscription

Revenue

$2.6B (Feb 2026)

Valuation

$600M (acquired Feb 2026)

Ollie Acquisition

Ollie was acquired by Agrolimen for $600M on 6 February 2026.

The acquisition price implies a 0.2x revenue multiple on $2.6B of revenue.

Before the acquisition Ollie had raised $68M across 5 funding rounds.

Ollie acquisition details
AcquirerDateTypePriceEV/Revenue
  • Agrolimen
6 Feb 2026Strategic M&A$600M0.2x

Ollie Funding History

Ollie has raised a total of $68M across 5 funding rounds.

Ollie's first fundraising round was a $4M seed round in October 2016. The most recent completed round was a $21M Series D in April 2024.

Ollie funding rounds

Ollie funding rounds
DateStageInvestorsRaisedDeal Summary
Apr 2024Series DAlumni Ventures (lead)$21MOllie is a pet food company, likely focused on dog food subscriptions given competitor context such as The Farmer's Dog and Spot & Tango, which offer fresh, human-grade or personalized pet meals.
Mar 2020Undisclosed stage-$29MOllie is a pet food company delivering fresh, human-grade meals for dogs, gently cooked in USDA-inspected facilities with vet-formulated recipes and tailored feeding plans via subscription delivery. A valuation range of $160-$178M is noted for March 2022. Ollie later acquired DIG Labs, a Seed-stage company, on October 3, 2024, and was itself acquired on February 6, 2026.
Aug 2019Pre-seedCastor Ventures; Alumni Ventures; Montauk Ventures$300K-
Aug 2017Series ACanaan Partners (lead); Lerer Hippeau; ARC Angel Fund; WME Ventures; RiverPark Ventures; Rosecliff Ventures; Interplay; Primary Venture Partners; Correlation Ventures$13MOn August 23, 2017, Ollie, a New York-based pet food subscription service, raised $12.6 million in Series A funding led by Canaan Partners, with participation from WME Ventures, Rosecliff Ventures, RiverPark Funds, Correlation Ventures, Primary Venture Partners, and Lerer Hippeau. This brought the company's total funding to approximately $17 million, including a $4.4 million seed round from Primary Venture Partners and Lerer Hippeau in fall 2016. Ollie operated as a subscription service offering what it termed human-grade pet food, with pricing based on a dog's calorie needs, ranging from $3 per day for small dogs to an average of around $6 per day. The company competed in the emerging gourmet pet food subscription market against competitors including The Farmer's Dog and The Honest Kitchen, as the broader pet food market was projected to reach $75 billion in global revenue in 2017.
Oct 2016SeedLerer Hippeau (lead); Primary Venture Partners (lead); WME Ventures; Max Ventures; Canaan Partners$4MOllie is a New York-based startup founded in 2016 by Alex Douzet, Gabby Slome, and Randy Jimenez that delivers customized, fresh, human-grade dog food nationwide via subscription, with recipes featuring ingredients like chicken, beef, peas, sweet potatoes, and blueberries tailored to each dog's age, weight, breed, and activity level. The company targets the premium pet food market by offering refrigerated meals starting at $3 per pound, positioning itself as a convenient alternative to processed kibble with national FedEx delivery across 48 continental states from launch. Ollie launched with two products—a chicken and beef version—and planned expansion to cats. Ollie raised a $4.4 million seed round on October 5, 2016, co-led by Primary Venture Partners and Lerer Hippeau, with participation from Canaan Partners, Max Ventures, WME Ventures, and others. The funding supported product line expansion, team growth, and enhanced customer experience in the $25 billion pet food market plagued by recalls and poor ingredients. The company competed with PetPlate, which offered more menu items but limited delivery to the northeast, while Ollie emphasized a national scale from inception.

Who has invested in Ollie?

13 investors have backed Ollie across its funding rounds, including Alumni Ventures, Lerer Hippeau, Canaan Partners, Primary Venture Partners, WME Ventures and Correlation Ventures.

Lead investors include Alumni Ventures, Canaan Partners, Lerer Hippeau and Primary Venture Partners.


Ollie Investors

Investors in Ollie by funding rounds participated
InvestorHQRoundsRoleFirst check
Lerer HippeauUnited StatesNew York City, NY2LeadOct 2016
WME VenturesUnited StatesNew York City, NY2ParticipantOct 2016
Canaan PartnersUnited StatesUnited States2LeadOct 2016
Alumni VenturesUnited StatesUnited States2LeadAug 2019
Primary Venture PartnersUnited StatesNew York City, NY2LeadOct 2016
ARC Angel FundUnited StatesNew York City, NY1ParticipantAug 2017
RiverPark VenturesUnited StatesNew York City, NY1ParticipantAug 2017
Max VenturesUnited StatesNew York City, NY1ParticipantOct 2016
Rosecliff VenturesUnited StatesNew York City, NY1ParticipantAug 2017
Castor VenturesUnited StatesBoston, MA1ParticipantAug 2019
InterplayUnited StatesUnited States1ParticipantAug 2017

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Acquisitions by Ollie

Ollie has acquired 1 company to date.

Last acquisition by Ollie was on October 3rd 2024. Ollie acquired DIG Labs for undisclosed valuation.


Latest Acquisitions by Ollie

DIG Labs
Description
DIG Labs is a San Francisco-based health technology startup utilizing AI to analyze visual medical data such as X-rays, MRIs, and pathology slides. The platform assists healthcare providers in detecting anomalies, accelerating diagnostics, and improving patient outcomes through automated image recognition and workflow integration.
HQ CountryUnited States
HQ City
Princeton, NJ
Deal Date3 Oct 2024
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Ollie Competitors

Ollie competitors include listed companies like Petco and Pet Valu, and private ones like The Honest Kitchen, Seek Pet Foods, Drools and Wag.

Public and private companies comparable to Ollie
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
The Honest KitchenUnited StatesSan Diego, CAPrivate--$500M-
Seek Pet FoodsChinaShandongPrivate--$462M-
DroolsIndiaRaipurPrivate$100M-$600M6.0x
WagUnited StatesSan Francisco, CAPrivate$61M-$650M10.7x
PetcoUnited StatesUnited StatesPublicly listed$6B$317M$687M0.5x
Pet ValuCanadaCanadaPublicly listed$842M$170M$858M1.7x

Ollie Public Comps

Ollie is no longer listed, but its public comps include Lesieur Cristal, Cem Zeytin, ForFarmers, Modern Mills, Mama's Creations, SunRice, Rogers Sugar, Fourth Milling, Nichols and Kasapreko.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Lesieur Cristal$582M$24M0.9x0.9x22.7x18.3x
Cem Zeytin$58M($3M)10.5x-(232.3x)-
ForFarmers$3.6B$158M0.2x0.2x5.1x4.6x
Modern Mills$279M$85M2.8x2.6x9.2x8.8x
Mama's Creations$172M$12M2.9x2.4x41.0x24.3x
SunRice$1.3B$101M0.6x0.6x7.4x8.0x
Rogers Sugar$941M$99M1.0x1.1x9.5x8.2x
Fourth Milling$176M$72M3.4x3.4x8.5x8.5x

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Common questions about Ollie

When was Ollie founded?Ollie was founded in 2016.
Where is Ollie headquartered?Ollie is headquartered in Reno, NV, United States.
Is Ollie publicly listed?No, Ollie was acquired by Agrolimen in February 2026.
Who acquired Ollie?Ollie was acquired by Agrolimen in February 2026.
How much was Ollie acquired for?Ollie was acquired for $600M in February 2026, a 0.2x revenue multiple.
How much funding has Ollie raised?Ollie has raised $68M across 5 funding rounds.
What was Ollie's last funding round?Ollie's last funding round was a $21M Series D in April 2024, led by Alumni Ventures.
Who are Ollie's investors?Ollie's investors include Lerer Hippeau, WME Ventures, Canaan Partners, Alumni Ventures, Primary Venture Partners, ARC Angel Fund, RiverPark Ventures, Max Ventures, Rosecliff Ventures, Castor Ventures and 3 others.
Which companies are comparable to Ollie?Companies comparable to Ollie include The Honest Kitchen, Seek Pet Foods, Drools, Wag, Petco and Pet Valu.
How many companies has Ollie acquired?Ollie has acquired 1 company, including DIG Labs.

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