About GScan
GScan is a Technology company based in Tallinn (Estonia) founded in 2018 by Mart Magi, Hannes Plinte, and Andi Hektor. Provider of solutions for advanced scanning and tomography services. GScan has raised $5.34 million across 7 funding rounds from investors including European Union, Markus Villig and Enterprise Estonia. The company has 42 employees. GScan offers products and services including muonFLUX and Muon Detectors. Its focus areas include Semiconductors, Sensors, Industry Applications and Smart Infrastructure. Its legal entity is GScan Ltd.
Company details
GScan was founded in 2018 in Tallinn, Estonia, within the advanced imaging and tomography sector. Solutions are delivered through a platform that facilitates compound identification via detailed 3D imaging, even when shielded. Structural integrity assessments are conducted for critical infrastructure, including tunnels and bridges, to support maintenance and safety evaluations across various materials.
- Annual Revenue$1.62 M (USD)as on Dec 31, 2023
- Net Profit$192.62 K (USD)284as on Dec 31, 2023
- EBITDA$168.8 K (USD)261as on Dec 31, 2023
- Total Equity Funding$5.34M (USD)
in 7 rounds
- Latest Funding Round$3.28M (USD), Seed
Mar 2024
- InvestorsEuropean Union
& 7 more
- Employee Count42
Products & Services of GScan
GScan offers a comprehensive portfolio of products and services, including muonFLUX and Muon Detectors.
Technology for detecting corrosion in infrastructure assets
Tools for non-destructive analysis of structural changes
Funding Insights of GScan
GScan has successfully raised a total of $5.34M across 7 strategic funding rounds. The most recent funding activity was a Seed round of $3.28 million completed in March 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 $5.34M
- Total Rounds 7
- Last Round Seed — $3.28M
- First Round $3.42M
(May 2021)
- Investors Count 8
All 7 funding rounds of GScan with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | $3.28M | Seed | – | Markus Villig | – |
| Oct 2023 | $1.37M | Grant | – | – | |
| Aug 2023 | $1.43M | Grant | – | – | |
| Jun 2022 | $1.51M | Grant | – | – | |
| May 2022 | $1.5M | Seed | – | Amalfi Capital Management | |
| Nov 2021 | $562,380 | Angel Round | – | Indrek Kasela | |
| May 2021 | $3.42M | Grant | – | – |
8 investors in total: 4 institutional and 4 angel.
Investors in GScan
GScan has secured backing from 8 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include European Union, Markus Villig and Enterprise Estonia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A global technology investment fund is managed by Amalfi Capital. | amalficapital.com | |||
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
| eas.ee | ||||
Hansa Grupp is engaged in transportation and automotive services. | 1995 | hansagrupp.ee | Tallinn, Estonia | |
MV Markus Villig | Founder of Bolt, Estonian entrepreneur, active angel investor in tech startups. | unknown_b418839cf5104f3a8 | ||
IK Indrek Kasela | Estonian investor, active in Indian startups, partner at PRFoods, angel investor | unknown_aeb08aee92814d239 | ||
MT Martin Tajur | Estonian entrepreneur, angel investor, co-founder of Pipedrive, active in Indian startups | unknown_bc4fc20a3dd64147a | ||
TB Toomas Bergmann | unknown_1d5e12cff8894f079 |
Investor details for GScan
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of GScan
3 people are tracked at GScan (3 in leadership); the tracked headcount is 42.
| Name | Role | Group |
|---|---|---|
Mart Magi | Co-Founder & CTO | Leadership |
Hannes Plinte | Co-Founder | Leadership |
Andi Hektor | Co-Founder & CSO | Leadership |
Complete people profiles for GScan
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of GScan
3 dated milestones of GScan across 6 years, from founding to its latest funding, stage changes and deals.
- Founded GScan is founded.
- Funding First funding round of $3.4M.
- Funding Latest funding round, Seed, of $3.3M.
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Frequently Asked Questions about GScan
GScan was founded in 2018 and raised its 1st funding round 3 years after it was founded.
GScan is headquartered in Tallinn, Estonia.
GScan is a funded company, having raised a total of $5.34M across 7 funding rounds to date. The company's 1st funding round was a Grant of $3.42M, raised on May 2021.
GScan has 42 employees.
Annual revenue of GScan is $1.62M as on Dec 31, 2023.
GScan was founded in 2018 in Tallinn, Estonia, within the advanced imaging and tomography sector. Solutions are delivered through a platform that facilitates compound identification via detailed 3D imaging, even when shielded. Structural integrity assessments are conducted for critical infrastructure, including tunnels and bridges, to support maintenance and safety evaluations across various materials.
GScan offers muonFLUX and Muon Detectors.
GScan has 8 investors. Key investors include European Union, Markus Villig, Enterprise Estonia, Amalfi Capital Management, and Hansa Grupp.
GScan operates through Gscan Ltd..