About Bioretec
Bioretec is a company based in Tampere (Finland) founded in 1985.. Bioretec has raised $8.58 million across 4 funding rounds from investors including Springvest. The company has 47 employees as of December 31, 2024. Bioretec has completed 1 acquisition, including BRI.Tech. Bioretec offers products and services including RemeOs and Activa. Bioretec operates in a competitive market with competitors including Treace Medical Concepts, Loci Orthopaedics, IlluminOss Medical, Stanmore Implants and Medartis, among others.
- Headquarter Tampere, Finland
- Employees 47 as on 31 Dec, 2024
- 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 Bioretec Ltd.
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Annual Revenue
$4.72 M (USD)16.32as on Dec 31, 2024
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Net Profit
$-4.79 M (USD)-21.78as on Dec 31, 2024
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EBITDA
$-4.21 M (USD)-43.07as on Dec 31, 2024
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Total Equity Funding
$8.58 M (USD)
in 4 rounds
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Latest Funding Round
$6.32 M (USD), Post-IPO
Nov 27, 2024
- Investors
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Employee Count
47
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Bioretec
Bioretec is a publicly listed company on the OMXHEX with ticker symbol BRETEC in Finland, operating in the Health technology 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 Bioretec
Bioretec offers a comprehensive portfolio of products and services, including RemeOs and Activa. 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.
Innovative metal alloy for promoting natural bone healing without removal surgery
Biopolymer products that facilitate bone healing and reduce patient discomfort
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Funding Insights of Bioretec
Bioretec has successfully raised a total of $8.58M across 4 strategic funding rounds. The most recent funding activity was a Post-IPO round of $6.32 million completed in November 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 4
- Last Round Post-IPO — $6.3M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Post-IPO - Bioretec | Valuation |
investors |
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| Apr, 2023 | Amount | Post-IPO - Bioretec | Valuation |
investors |
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| Jun, 2021 | Amount | Series A - Bioretec | 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 Bioretec
Bioretec has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Springvest. 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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Springvest is recognized as a leading growth investment service in Finland.
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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 Bioretec
Bioretec has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include BRI.Tech. 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
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Orthopedic surgical instruments are manufactured by BRI.Tech in Germany.
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0 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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.
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2014 |
Financial Statements - Bioretec
| 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 |
Bioretec Comparisons
Competitors of Bioretec
Bioretec 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 Treace Medical Concepts, Loci Orthopaedics, IlluminOss Medical, Stanmore Implants and Medartis, 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 |
Orthopedic foot and ankle correction systems are developed and offered.
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| domain | founded_year | HQ Location |
Thumb implant for thumb base arthritis
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| domain | founded_year | HQ Location |
Minimally invasive orthopedic systems for bone fracture stabilization are developed.
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| domain | founded_year | HQ Location |
Modular implants for limb sparing and complex primary and revision joint replacement
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| domain | founded_year | HQ Location |
Metal implants for orthopedic fracture fixation are developed and marketed.
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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 Bioretec
Frequently Asked Questions about Bioretec
When was Bioretec founded?
Bioretec was founded in 1985 and raised its 1st funding round 33 years after it was founded.
Where is Bioretec located?
Bioretec is headquartered in Tampere, Finland.
Who is the current CEO of Bioretec?
Tomi Numminen is the current CEO of Bioretec.
Is Bioretec a funded company?
Bioretec is a funded company, having raised a total of $8.58M across 4 funding rounds to date. The company's 1st funding round was a Series A of $8.58M, raised on Sep 11, 2018.
How many employees does Bioretec have?
As of Dec 31, 2024, the latest employee count at Bioretec is 47.
What is the annual revenue of Bioretec?
Annual revenue of Bioretec is $4.72M as on Dec 31, 2024.
What does Bioretec do?
Bioretec was founded in 1985 in Tampere, Finland, and operates within the medical device sector. Bioabsorbable, bioactive, and drug-releasing implants are offered, including pins, nails, interference screws, and antibiotic-releasing screws, along with related instruments. These products are utilized for fixing radial head fractures, tibiofibular syndesmosis, bone fractures, osteotomies, and osteochondral fractures, particularly where infection risks from ciprofloxacin-sensitive organisms are present.
Who are the top competitors of Bioretec?
Bioretec's top competitors include Treace Medical Concepts, Loci Orthopaedics and Atreon Orthopedics.
What products or services does Bioretec offer?
Bioretec offers RemeOs and Activa.
Is Bioretec publicly traded?
Yes, Bioretec is publicly traded on OMXHEX under the ticker symbol BRETEC.
How many acquisitions has Bioretec made?
Bioretec has made 1 acquisition, including BRI.Tech.
Who are Bioretec's investors?
Bioretec has 1 investor. Key investors include Springvest.
What is Bioretec's ticker symbol?
The ticker symbol of Bioretec is BRETEC on OMXHEX.
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