Finnadvance

Oulu, Finland Founded: 2018 • Age: 8 yrs
Microfluidics and microtechnology solutions are developed for drug permeability testing.
Annual revenue - Latest available
Total funding $1.9M 4 rounds
Employees - Tracked headcount
Investors 7 Known backers
Products 3 Services tracked
Competitors 11 Brand Intelligence

About Finnadvance

Finnadvance is a company based in Oulu (Finland) founded in 2018 by Prateek Singh. Finnadvance has raised $1.9 million across 4 funding rounds from investors including European Union, Athensmed and Takoa Invest. Finnadvance offers products and services including AKITA® Plate, AKITA® Lid, and AKITA® Wave. Finnadvance operates in a competitive market with competitors including ACXEL, SpacePharma, Axbio, Accel Diagnostics and Micronit, among others.

  • Headquarter Oulu, Finland
  • Founders Prateek Singh
  • Sectors
    Healthcare
  • Email
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  • Phone
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  • Website
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  • Legal Name Finnadvance Ltd.
Operational Areas
Healthcare → Biotechnology, Genomics & Life Sciences Research Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
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  • EBITDA
    Not available
  • Total Equity Funding
    $1.9 M (USD)

    in 4 rounds

  • Latest Funding Round
    $1.3 M (USD), Seed

    Apr 08, 2022

  • Investors
  • Employee Count
    Not available
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Products & Services of Finnadvance

Finnadvance offers a comprehensive portfolio of products and services, including AKITA® Plate, AKITA® Lid, and AKITA® Wave.

Product name locked
Category locked
Primary

High-throughput platform for in-vitro drug testing models

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Enables simultaneous TEER measurements in tissue cultures

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Optimized device for compatible microfluidic research

People of Finnadvance

Headcount 10-50
Employee Profiles 7
Employee Profiles
People
Jere Kettunen
Lead Biofabrication Engineer
People
Sebastien Mosser
Chief Scientific Officer
People
Anniina Palojärvi
Fabrication Engineer
People
Prateek Singh
CEO

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Funding Insights of Finnadvance

Finnadvance has successfully raised a total of $1.9M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $1.3 million completed in April 2022. 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.

Investors in Finnadvance

Finnadvance has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include European Union, Athensmed and Takoa Invest.

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Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
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A Finnish family-owned investment company focused on growth-oriented businesses.
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Funding is provided for deep tech ventures in Nordics.
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Investor details for Finnadvance

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Investments & Acquisitions by Finnadvance

Investments
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Investment portfolio details for Finnadvance

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Financial Statements - Finnadvance

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Detailed financials for Finnadvance

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Finnadvance Comparisons

Finnadvance Primary company
Description
Microfluidics and microtechnology solutions are developed fo...
Location
Oulu, Finland
Founded Year
2018
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Finnadvance

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Competitors of Finnadvance

Finnadvance 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 ACXEL, SpacePharma, Axbio, Accel Diagnostics and Micronit, among others.

Company Name Domain Founded year HQ Location Description
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Microfluidic technology and solutions are provided for life sciences industries.
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Microgravity research solutions are provided for researchers and companies.
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Developer of a lab on chip microfluidic platform for sequencing and molecular diagnostics using AI
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Protein biomarkers are analyzed via lab-on-chip platform for disease monitoring.
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Microfluidic devices and lab-on-chip solutions are designed and manufactured.
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Developer of microfluidic chip and technology for life science research
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Detailed competitors of Finnadvance

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Latest news on Finnadvance

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Complete news archive for Finnadvance

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Frequently Asked Questions about Finnadvance

Finnadvance was founded in 2018.

Finnadvance is headquartered in Oulu, Finland. It is registered at Oulu, North Ostrobothnia, Finland.

Prateek Singh is the current CEO of Finnadvance. They have also founded this company.

Finnadvance is a funded company, having raised a total of $1.9M across 4 funding rounds to date.

Finnadvance was founded in 2018 in Oulu, Finland, within the biotechnology sector. Microfluidics and microtechnology are utilized to create high-throughput biological barrier models on chips. These models replicate human tissues, including vascular, lung, and blood-brain barriers, for evaluating small molecule and nano-formulation permeability and toxicity. Dynamic cell cultures are employed to simulate in-vivo conditions, supporting drug development processes.

Finnadvance's top competitors include Noul, Suzhou Akso Biotechnology and Axbio.

Finnadvance offers AKITA® Plate, AKITA® Lid, and AKITA® Wave.

Finnadvance has 7 investors. Key investors include European Union, Athensmed, Takoa Invest, Voima Ventures, and Icebreaker.vc.

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