About Avancen
Avancen is a company based in Mount Pleasant (United States) founded in 2007.. Avancen has raised $2.21 million across 2 funding rounds. Avancen offers products and services including MOD System, MOD PCA, and MOD Trac Reporting System. Avancen operates in a competitive market with competitors including Avanos, TruMed Systems, Soovu, Sensidose and INRange Systems, among others.
- Headquarter Mount Pleasant, United States
-
Sectors
Healthcare
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Avancen Mod Corp
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$2.21 M (USD)
in 2 rounds
-
Latest Funding Round
$563.13 K (USD), Seed
Jul 23, 2012
-
Investors
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Avancen
Avancen offers a comprehensive portfolio of products and services, including MOD System, MOD PCA, and MOD Trac Reporting System. 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.
Platform for on-demand medication control and pain data integration.
Device that gathers pain data and dispenses medication safely.
Tool for managing patient pain across healthcare facilities.
Unlock access to complete
Unlock access to complete
Funding Insights of Avancen
Avancen has successfully raised a total of $2.21M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $563.13 thousand completed in July 2012. 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 2
- Last Round Seed — $563,125
-
First Round
First Round
(23 Dec 2009)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2012 | Amount | Seed - Avancen | Valuation |
investors |
|
| Dec, 2009 | Amount | Seed - Avancen | 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 |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Avancen
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Avancen
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Avancen Comparisons
Competitors of Avancen
Avancen 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 Avanos, TruMed Systems, Soovu, Sensidose and INRange Systems, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Medical devices for pain management and enteral feeding are manufactured.
|
|
| domain | founded_year | HQ Location |
Vaccine management systems are provided for physician offices and hospitals.
|
|
| domain | founded_year | HQ Location |
Drug-free wearable pulsed heat therapy for pain management is developed.
|
|
| domain | founded_year | HQ Location |
Individually tailored drug doses are delivered via micro-tablets system.
|
|
| domain | founded_year | HQ Location |
Hardware and software for remote medication management are supplied.
|
|
| domain | founded_year | HQ Location |
Minimally invasive oxygen-ozone therapy for herniated discs is provided.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Avancen
When was Avancen founded?
Avancen was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Where is Avancen located?
Avancen is headquartered in Mount Pleasant, United States.
Is Avancen a funded company?
Avancen is a funded company, having raised a total of $2.21M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.64M, raised on Dec 23, 2009.
What does Avancen do?
Avancen was founded in 2007 and is based in Mount Pleasant, United States. Devices for medication management are provided to hospitals, healthcare professionals, and patients within the healthcare sector. The Medication On Demand system is utilized to handle patient medication and pain relief. Pain data is collected, and medication is dispensed through this system to support clinical operations.
Who are the top competitors of Avancen?
Avancen's top competitors include SpinaFX Medical, INRange Systems and TruMed Systems.
What products or services does Avancen offer?
Avancen offers MOD System, MOD PCA, and MOD Trac Reporting System.