About Abacus Medicine
Abacus Medicine is a company based in Copenhagen (Denmark) founded in 2004 by John Wagner and Flemming Wagner.. Abacus Medicine has raised $57.64 million across 8 funding rounds from investors including Chr. Augustinus Fabrikker. The company has 1,052 employees as of December 31, 2021. Abacus Medicine offers products and services including Parallel Imported Medicines, Clinical Trial Services, and Pharmaceutical Wholesaling. Abacus Medicine operates in a competitive market with competitors including OPEN Health, Target RWE, Secura Bio, STATinMED Research and Hylant, among others.
- Headquarter Copenhagen, Denmark
- Employees 1052 as on 31 Dec, 2021
- Founders John Wagner, Flemming Wagner
- Stage Minicorn
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Abacus Medicine A/S
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Annual Revenue
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Net Profit
$-2.83 K (USD)-29as on Dec 31, 2022
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EBITDA
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Total Equity Funding
$57.64 M (USD)
in 8 rounds
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Latest Funding Round
$206.4 K (USD), Series B
Jul 01, 2020
- Investors
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Employee Count
1052
as on Dec 31, 2021
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Products & Services of Abacus Medicine
Abacus Medicine offers a comprehensive portfolio of products and services, including Parallel Imported Medicines, Clinical Trial Services, and Pharmaceutical Wholesaling. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides affordable prescription medicines through parallel importing for cost savings.
Offers support for clinical trials in pharmaceutical research and development.
Handles wholesale of medical devices and direct patient services across Europe.
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Software Development Team
26 people
Sales and Marketing
18 people
Finance and Accounting
12 people
Portfolio Team
12 people
Leadership Team
6 people
Human Resources and Administration
6 people
Product Management Team
6 people
Board Team
5 people
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Funding Insights of Abacus Medicine
Abacus Medicine has successfully raised a total of $57.64M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $206.4 thousand completed in July 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series B — $206,400
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First Round
First Round
(22 Dec 2006)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Series B - Abacus Medicine | Valuation |
investors |
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| Sep, 2019 | Amount | Series B - Abacus Medicine | Valuation | Chr. Augustinus Fabrikker |
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| Jun, 2019 | Amount | Series A - Abacus Medicine | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Abacus Medicine
Abacus Medicine has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Chr. Augustinus Fabrikker. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Abacus Medicine
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Abacus Medicine
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Abacus Medicine Comparisons
Competitors of Abacus Medicine
Abacus Medicine operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as OPEN Health, Target RWE, Secura Bio, STATinMED Research and Hylant, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of healthcare marketing services
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Marketing services to the pharmaceutical industry are provided.
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Consulting services for market access and health outcomes are provided.
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| domain | founded_year | HQ Location |
Healthcare data analytics services provider
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| domain | founded_year | HQ Location |
Offers business insurance, employee benefits, and risk consulting services worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Abacus Medicine
Frequently Asked Questions about Abacus Medicine
When was Abacus Medicine founded?
Abacus Medicine was founded in 2004 and raised its 1st funding round 2 years after it was founded.
Where is Abacus Medicine located?
Abacus Medicine is headquartered in Copenhagen, Denmark.
Who is the current CEO of Abacus Medicine?
Flemming Wagner is the current CEO of Abacus Medicine. They have also founded this company.
Is Abacus Medicine a funded company?
Abacus Medicine is a funded company, having raised a total of $57.64M across 8 funding rounds to date. The company's 1st funding round was a Series A of $77.65K, raised on Dec 22, 2006.
How many employees does Abacus Medicine have?
As of Dec 31, 2021, the latest employee count at Abacus Medicine is 1,052.
What does Abacus Medicine do?
Abacus Medicine was founded in 2004 in Copenhagen, Denmark, within the pharmaceutical consulting sector. Services are offered in market access strategies, health economics evaluations, and outcomes research. Additional areas include strategic business development support, quality and compliance management, cGMP adherence, clinical monitoring, and pharmaceutical sales assistance. Operations focus on health-related consulting for various clients.
Who are the top competitors of Abacus Medicine?
Abacus Medicine's top competitors include OPEN Health, Target RWE and STATinMED Research.
What products or services does Abacus Medicine offer?
Abacus Medicine offers Parallel Imported Medicines, Clinical Trial Services, and Pharmaceutical Wholesaling.
Who are Abacus Medicine's investors?
Abacus Medicine has 1 investor. Key investors include Chr. Augustinus Fabrikker.
What is Abacus Medicine's valuation?
The valuation of Abacus Medicine is $20.93M as of Jul 2020.