About Avation
Avation is a company based in Columbus (United States) founded in 1999 by Manish Vaishya. It operates as a Direct-to-Consumer (D2C), and HealthTech. Avation has raised $34.92 million across 2 funding rounds from investors including Medtronic, Asahi Kasei and ShangBay Capital. Avation offers products and services including Vivally® System. Avation operates in a competitive market with competitors including Tulavi Nerve Therapeutics, BioCircuit, RxFunction, Epineuron and Monarch Bioimplants, among others.
- Headquarter Columbus, United States
- Founders Manish Vaishya
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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 Avation Medical
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$34.92 M (USD)
in 2 rounds
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Latest Funding Round
$22 M (USD), Series C
Feb 01, 2024
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Investors
Medtronic
& 6 more
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Employee Count
Employee Count
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Products & Services of Avation
Avation offers a comprehensive portfolio of products and services, including Vivally® 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.
Wearable treatment for overactive bladder is provided.
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Funding Insights of Avation
Avation has successfully raised a total of $34.92M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $22 million completed in February 2024. 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 Series C — $22.0M
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First Round
First Round
(03 Feb 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series C - Avation | Valuation | ShangBay Capital , Asahi Kasei | |
| Feb, 2021 | Amount | Series B - Avation | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Avation
Avation has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Medtronic, Asahi Kasei and ShangBay Capital. 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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Founded Year | Domain | Location | |
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Angelini Ventures is focused on investing in BioTech and Digital Health.
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Founded Year | Domain | Location | |
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Healthcare venture capital investments are made by Arboretum Ventures.
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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 Avation
| 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 - Avation
| 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 |
Avation Comparisons
Competitors of Avation
Avation 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 Tulavi Nerve Therapeutics, BioCircuit, RxFunction, Epineuron and Monarch Bioimplants, 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 |
Therapeutic devices for neurally mediated diseases are developed.
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| domain | founded_year | HQ Location |
Non-invasive electrophysiology devices are developed to monitor peripheral nerves.
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| domain | founded_year | HQ Location |
Wearable prostheses for sensory peripheral neuropathy patients are developed.
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| domain | founded_year | HQ Location |
Medical devices for peripheral nerve injury treatment are provided.
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| domain | founded_year | HQ Location |
Developer of bioimplant for peripheral nerve repair
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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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| 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 Avation
Frequently Asked Questions about Avation
When was Avation founded?
Avation was founded in 1999 and raised its 1st funding round 22 years after it was founded.
Where is Avation located?
Avation is headquartered in Columbus, United States. It is registered at Columbus, Ohio, United States.
Is Avation a funded company?
Avation is a funded company, having raised a total of $34.92M across 2 funding rounds to date. The company's 1st funding round was a Series B of $12.92M, raised on Feb 03, 2021.
What does Avation do?
Avation is focused on providing innovative solutions for overactive bladder (OAB) through the Vivally System, a wearable at-home treatment. The system is FDA-cleared and targets symptoms like incontinence and urgency with physiologic closed-loop controlled transcutaneous tibial nerve stimulation. It is supported by a mobile app for tracking progress and customer care for patient assistance. The healthcare sector is primarily served, with solutions designed for both patients and providers to improve quality of life.
Who are the top competitors of Avation?
Avation's top competitors include Tulavi Nerve Therapeutics, Epineuron and RxFunction.
What products or services does Avation offer?
Avation offers Vivally® System.
Who are Avation's investors?
Avation has 7 investors. Key investors include Medtronic, Asahi Kasei, ShangBay Capital, Angelini Ventures, and JobsOhio.