About GScan
GScan is a company based in Tallinn (Estonia) founded in 2018 by Mart Magi, Hannes Plinte, and Andi Hektor.. 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 as of September 30, 2024. GScan offers products and services including muonFLUX and Muon Detectors. GScan operates in a competitive market with competitors including Brickeye, Maturix, Villari, Concrete Sensors and Setmetrics, among others.
- Headquarter Tallinn, Estonia
- Employees 42 as on 30 Sep, 2024
- Founders Mart Magi, Hannes Plinte, Andi Hektor
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Sectors
Technology
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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 Gscan Ltd.
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Annual Revenue
$1.62 M (USD)0as on Dec 31, 2023
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Net Profit
$192.62 K (USD)284as on Dec 31, 2023
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EBITDA
$168.8 K (USD)261as on Dec 31, 2023
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Total Equity Funding
$5.34 M (USD)
in 7 rounds
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Latest Funding Round
$3.28 M (USD), Seed
Mar 13, 2024
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Investors
European Union
& 7 more
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Employee Count
42
as on Sep 30, 2024
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Products & Services of GScan
GScan offers a comprehensive portfolio of products and services, including muonFLUX and Muon Detectors. 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.
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 Total Funding
- Total Rounds 7
- Last Round Seed — $3.3M
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First Round
First Round
(01 May 2021)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Seed - GScan | Valuation | Markus Villig |
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| Oct, 2023 | Amount | Grant - GScan | Valuation |
investors |
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| Aug, 2023 | Amount | Grant - GScan | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 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. 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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A global technology investment fund is managed by Amalfi Capital.
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 GScan
| 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 - GScan
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Gscan Comparisons
Competitors of GScan
GScan 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 Brickeye, Maturix, Villari, Concrete Sensors and Setmetrics, 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 |
Wireless sensor monitoring solutions are offered for construction sites.
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| domain | founded_year | HQ Location |
SaaS-based solutions for monitoring concrete curing are provided.
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| domain | founded_year | HQ Location |
Wireless sensors for monitoring structural cracks in infrastructure are developed.
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| domain | founded_year | HQ Location |
Sensors for concrete moisture and humidity monitoring are provided.
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| domain | founded_year | HQ Location |
Digital platform for rapid building energy modeling and asset management.
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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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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 Gscan
Frequently Asked Questions about GScan
When was GScan founded?
GScan was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is GScan located?
GScan is headquartered in Tallinn, Estonia.
Is GScan a funded company?
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 $1.43M, raised on May 01, 2021.
How many employees does GScan have?
As of Sep 30, 2024, the latest employee count at GScan is 42.
What is the annual revenue of GScan?
Annual revenue of GScan is $1.62M as on Dec 31, 2023.
What does GScan do?
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.
Who are the top competitors of GScan?
What products or services does GScan offer?
GScan offers muonFLUX and Muon Detectors.
Who are GScan's investors?
GScan has 8 investors. Key investors include European Union, Markus Villig, Enterprise Estonia, Amalfi Capital Management, and Hansa Grupp.