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OZY raised $35M in 2019, totalling $70M in total funding at that point. In April 2020 the total raised amount grew to $83M. The company supposedly made $50M o
by janmo 5y ago
OZY raised $35M in 2019, totalling $70M in total funding at that point.
In April 2020 the total raised amount grew to $83M.
The company supposedly made $50M of revenue in 2020 and claimed to be profitable.
So from here, why did they try to raise more? Probably because the revenues and profit were not real.
In February 2021 the company tried to defraud Goldman Sachs of $40M.
I've read from another source that OZY was able to raise even more money 2 months after having failed to defraud Goldman Sachs. The total amount of money raised could thus be in the 100 millions.