About AMP EU
AMP EU is a company based in Berlin (Germany) founded in 2017 was acquired by Essence Investment in December 2022.. AMP EU has raised $84.43 thousand across 3 funding rounds from investors including imToken and Essence Investment. AMP EU has completed 1 acquisition, including Greenrise Global. AMP EU offers products and services including Medical Cannabis Products and Educational Services.
- Headquarter Berlin, Germany
- Stage Public
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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 Amp Alternative Medical Products Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$84.43 K (USD)
in 3 rounds
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Latest Funding Round
$1.13 M (USD), Post-IPO
Jun 12, 2019
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Investors
imToken
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Essence Investment
(Dec 30, 2022)
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IPO & Listings of AMP EU
AMP EU is a publicly listed company on the CSE with ticker symbol XCX in Canada, operating in the Distribution services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of AMP EU
AMP EU offers a comprehensive portfolio of products and services, including Medical Cannabis Products and Educational Services. 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.
Imported cannabis for therapeutic use in patients
Professional training on cannabis for healthcare providers
Funding Insights of AMP EU
AMP EU has successfully raised a total of $84.43K across 3 strategic funding rounds. The most recent funding activity was a Post-IPO round of $1.13 million completed in June 2019. 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 3
- Last Round Post-IPO — $1.1M
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First Round
First Round
(01 Jun 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Post-IPO - AMP EU | Valuation |
investors |
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| Dec, 2018 | Amount | Debt – Conventional - AMP EU | Valuation |
investors |
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| Jun, 2018 | Amount | Series A - AMP EU | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 AMP EU
AMP EU has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include imToken and Essence Investment. 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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A blockchain wallet for Ethereum and token transactions is provided.
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Founded Year | Domain | Location | |
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Essence Investment is focused on cannabis market investments in Europe.
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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 AMP EU
AMP EU has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Greenrise Global. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Medical cannabis and wellness therapy services are provided globally.
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2021 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - AMP EU
| 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 |
Amp Eu Comparisons
Competitors of AMP EU
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
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 Amp Eu
Frequently Asked Questions about AMP EU
When was AMP EU founded?
AMP EU was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is AMP EU located?
AMP EU is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Is AMP EU a funded company?
AMP EU is a funded company, having raised a total of $84.43K across 3 funding rounds to date. The company's 1st funding round was a Series A of $84.43K, raised on Jun 01, 2018.
What does AMP EU do?
Alternative Medical Products was founded in 2017 and is based in Berlin, Germany. Cannabis-based medical formulations and products are developed by the company within the medical cannabis sector. Dose delivery systems tailored for these formulations are also created. Operations focus on innovation in therapeutic cannabis applications, with a presence in the European market via the domain amp-eu.com.
What products or services does AMP EU offer?
AMP EU offers Medical Cannabis Products and Educational Services.
Is AMP EU publicly traded?
Yes, AMP EU is publicly traded on CSE under the ticker symbol XCX.
How many acquisitions has AMP EU made?
AMP EU has made 1 acquisition, including Greenrise Global.
Who are AMP EU's investors?
AMP EU has 2 investors. Key investors include imToken, and Essence Investment.
What is AMP EU's ticker symbol?
The ticker symbol of AMP EU is XCX on CSE.