About Azalea Vision
Azalea Vision is a company based in Ghent (Belgium) founded in 2018 by Peter Vermeulen.. Azalea Vision has raised $19.72 million across 3 funding rounds from investors including imec.xpand, VLAIO and SPRIM Global Investments. The company has 7 employees as of December 31, 2022. Azalea Vision offers products and services including Intelligent Ocular Devices and ALMA Technology. Azalea Vision operates in a competitive market with competitors including Neurolens, Laclarée, SynergEyes, Nexis Vision and ABH Optics, among others.
- Headquarter Ghent, Belgium
- Employees 7 as on 31 Dec, 2022
- Founders Peter Vermeulen
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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
*********
- Legal Name Azalea Vision
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Annual Revenue
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Net Profit
$-897.26 K (USD)0as on Dec 31, 2021
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EBITDA
$-895.86 K (USD)0as on Dec 31, 2021
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Total Equity Funding
$19.72 M (USD)
in 3 rounds
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Latest Funding Round
$10.27 M (USD), Series A
Apr 29, 2025
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Investors
imec.xpand
& 4 more
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Employee Count
7
as on Dec 31, 2022
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Products & Services of Azalea Vision
Azalea Vision offers a comprehensive portfolio of products and services, including Intelligent Ocular Devices and ALMA Technology. 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.
Enhances vision with sensing and real-time interaction capabilities.
Provides advanced ocular health monitoring and therapeutic features.
Funding Insights of Azalea Vision
Azalea Vision has successfully raised a total of $19.72M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $10.27 million completed in April 2025. 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 Series A — $10.3M
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First Round
First Round
(08 Jul 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Series A - Azalea Vision | Valuation |
investors |
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| Jul, 2021 | Amount | Grant - Azalea Vision | Valuation |
investors |
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| Jul, 2021 | Amount | Series A - Azalea Vision | Valuation | imec.xpand |
| 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 Azalea Vision
Azalea Vision has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include imec.xpand, VLAIO and SPRIM Global Investments. 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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SPRIM Global Investments is focused on funding life science innovations.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage investments
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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 Azalea Vision
| 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 - Azalea Vision
| 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 |
Azalea Vision Comparisons
Competitors of Azalea Vision
Azalea Vision 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 Neurolens, Laclarée, SynergEyes, Nexis Vision and ABH Optics, 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 |
Provider of prescription lenses and solution for problems related to Digital Vision Syndrome
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| domain | founded_year | HQ Location |
Eye-wear solutions for presbyopia correction are developed using liquid refraction.
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| domain | founded_year | HQ Location |
Hybrid contact lense manufacturers
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| domain | founded_year | HQ Location |
Ocular lens and surface technologies for ophthalmic devices are developed.
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| domain | founded_year | HQ Location |
Developer of lightweight eyeglass lenses
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| 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 Azalea Vision
Frequently Asked Questions about Azalea Vision
When was Azalea Vision founded?
Azalea Vision was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Azalea Vision located?
Azalea Vision is headquartered in Ghent, Belgium. It is registered at Ghent, East Flanders, Belgium.
Is Azalea Vision a funded company?
Azalea Vision is a funded company, having raised a total of $19.72M across 3 funding rounds to date. The company's 1st funding round was a Grant of $2.13M, raised on Jul 08, 2021.
How many employees does Azalea Vision have?
As of Dec 31, 2022, the latest employee count at Azalea Vision is 7.
What does Azalea Vision do?
Developer of technology for people with high light sensitivity and ocular disorders. The company has developed an active light management system, embedded inside a contact lens. It helps in the treatment of iris deficiencies, high order aberrations, light sensitivity, and photophobia.
Who are the top competitors of Azalea Vision?
Azalea Vision's top competitors include Neurolens, Laclarée and SynergEyes.
What products or services does Azalea Vision offer?
Azalea Vision offers Intelligent Ocular Devices and ALMA Technology.
Who are Azalea Vision's investors?
Azalea Vision has 5 investors. Key investors include imec.xpand, VLAIO, SPRIM Global Investments, Afrimobility, and Elaia.