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
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Finnadvance Ltd.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$1.9 M (USD)
in 4 rounds
-
Latest Funding Round
$1.3 M (USD), Seed
Apr 08, 2022
-
Investors
European Union
& 6 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Finnadvance
Finnadvance offers a comprehensive portfolio of products and services, including AKITA® Plate, AKITA® Lid, and AKITA® Wave. 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.
High-throughput platform for in-vitro drug testing models
Enables simultaneous TEER measurements in tissue cultures
Optimized device for compatible microfluidic research
Unlock access to complete
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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Seed — $1.3M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Seed - Finnadvance | Valuation | Athensmed | |
| Apr, 2022 | Amount | Grant - Finnadvance | Valuation |
investors |
|
| Apr, 2020 | Amount | Seed - Finnadvance | Valuation | Voima Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
|
-
|
Founded Year | Domain | Location | |
|
A Finnish family-owned investment company focused on growth-oriented businesses.
|
Founded Year | Domain | Location | |
|
Funding is provided for deep tech ventures in Nordics.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Finnadvance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Finnadvance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Finnadvance Comparisons
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. 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 |
Microfluidic technology and solutions are provided for life sciences industries.
|
|
| domain | founded_year | HQ Location |
Microgravity research solutions are provided for researchers and companies.
|
|
| domain | founded_year | HQ Location |
Developer of a lab on chip microfluidic platform for sequencing and molecular diagnostics using AI
|
|
| domain | founded_year | HQ Location |
Protein biomarkers are analyzed via lab-on-chip platform for disease monitoring.
|
|
| domain | founded_year | HQ Location |
Microfluidic devices and lab-on-chip solutions are designed and manufactured.
|
|
| domain | founded_year | HQ Location |
Developer of microfluidic chip and technology for life science research
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Finnadvance
Frequently Asked Questions about Finnadvance
When was Finnadvance founded?
Finnadvance was founded in 2018.
Where is Finnadvance located?
Finnadvance is headquartered in Oulu, Finland. It is registered at Oulu, North Ostrobothnia, Finland.
Who is the current CEO of Finnadvance?
Prateek Singh is the current CEO of Finnadvance. They have also founded this company.
Is Finnadvance a funded company?
Finnadvance is a funded company, having raised a total of $1.9M across 4 funding rounds to date. The company's 1st funding round was a Seed of $596.11K, raised on Dec 09, 2018.
What does Finnadvance do?
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.
Who are the top competitors of Finnadvance?
Finnadvance's top competitors include Noul, Suzhou Akso Biotechnology and Axbio.
What products or services does Finnadvance offer?
Finnadvance offers AKITA® Plate, AKITA® Lid, and AKITA® Wave.
Who are Finnadvance's investors?
Finnadvance has 7 investors. Key investors include European Union, Athensmed, Takoa Invest, Voima Ventures, and Icebreaker.vc.