Millo Appliances

Millo Appliances, founded in 2015 in Lithuania, has garnered attention in the Health Care industry with its innovative and sustainable food preparation solutions, notably the Millo blender. The company's slogan "Millo Appliances develops innovative and sustainable food preparation solutions, including the Millo blender," encapsulates its mission to promote healthier and more sustainable diets through inventive and convenient food preparation. The Millo blender, equipped with cutting-edge AirDrive technology, is a game-changer in the market, addressing the shortcomings of traditional blenders. With a focus on minimalism and functionality, the Millo blender boasts a 360-degree, touch-sensitive surface and operates three times quieter than standard blenders, thanks to its brushless engine with an integrated magnetic coupling. This disruptive technology has attracted substantial attention, with Iron Wolf Capital investing €750.00K in Millo's Seed Round in 07 June 2019. Millo Appliances has not only demonstrated its technological prowess but also its market potential, as evidenced by its successful Kickstarter campaign in 2017, which secured over €100,000 and received 300 reservations for the Millo blender within 30 days of its launch. The momentum behind the company is further reflected in its total funds raised, amounting to €1.5 million. Ruslanas Trakselis, the Founder and CEO, has been the driving force behind Millo's success, drawing inspiration from personal challenges and a vision for innovation in food preparation technology. The company's emphasis on user experience, convenience, and sustainability positions Millo Appliances as a promising player in the health and wellness market.