About Elva
Elva is a company based in San Francisco (United States) founded in 2016 by Mohammad Algassim and Ibrahim AlGwaiz.. Elva has raised $50 thousand across 1 funding round from investors including 500 Global MENA. Elva operates in a competitive market with competitors including Ekso Bionics, SafelyYou, Nobi, Flosonics Medical and Connect America, among others.
- Headquarter San Francisco, United States
- Founders Mohammad Algassim, Ibrahim AlGwaiz
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Sectors
HealthcareTechnology
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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 Practech Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$50 K (USD)
in 1 rounds
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Latest Funding Round
$50 K (USD), Seed
Apr 29, 2020
- Investors
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Employee Count
Employee Count
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Funding Insights of Elva
Elva has successfully raised a total of $50K through 1 strategic funding round. The most recent funding activity was a Seed round of $50 thousand completed in April 2020. 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 1
- Last Round Seed — $50,000
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First Round
First Round
(29 Apr 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2020 | Amount | Seed - Elva | Valuation | 500 MENA |
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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 Elva
Elva has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include 500 Global MENA. 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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Early stage investments are made in MENA region startups.
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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 Elva
| 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 - Elva
| 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 |
Elva Comparisons
Competitors of Elva
Elva 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 Ekso Bionics, SafelyYou, Nobi, Flosonics Medical and Connect America, 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 |
Exoskeletons for medical rehabilitation and industrial productivity are provided.
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| domain | founded_year | HQ Location |
AI-based fall detection and prevention technology is provided for clinics.
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| domain | founded_year | HQ Location |
Smart lamp for elderly fall detection is provided.
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| domain | founded_year | HQ Location |
Developer of non-invasive hemodynamic monitoring devices
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| domain | founded_year | HQ Location |
Provider of emergency monitoring services to older adults with medical conditions
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| domain | founded_year | HQ Location |
Assistive aids for elderly are provided via non-wearable sensors.
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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 Elva
Frequently Asked Questions about Elva
When was Elva founded?
Elva was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is Elva located?
Elva is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Elva?
Khalid AlNasser is the current CEO of Elva.
Is Elva a funded company?
Elva is a funded company, having raised a total of $50K across 1 funding round to date. The company's 1st funding round was a Seed of $50K, raised on Apr 29, 2020.
What does Elva do?
Founded in 2016 in San Francisco, United States, Elva operates in the health technology sector. Wearable tracking devices are developed to support medication adherence through vibration reminders and integrated medical or emergency alerts. Synchronization with a companion mobile application is enabled, along with features for scanning medications to access chronology and dosage details. Leadership is provided by co-founders and CEO.
Who are the top competitors of Elva?
Elva's top competitors include Ekso Bionics, SafelyYou and Nobi.
Who are Elva's investors?
Elva has 1 investor. Key investors include 500 Global MENA.
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