About MAYD
MAYD is a company based in Berlin (Germany) founded in 2018 by Lukas Mushroom and Hanno Heintzenberg.. MAYD has raised $48.88 million across 2 funding rounds from investors including Lightspeed Venture Partners, Target Global and 468 Capital. MAYD offers products and services including MAYD App. MAYD operates in a competitive market with competitors including medpex, Axiogenesis, Medizinfuchs, FIRST A and eurapon, among others.
- Headquarter Berlin, Germany
- Founders Lukas Mushroom, Hanno Heintzenberg
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Sectors
Healthcare
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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 Mayd Group Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$48.88 M (USD)
in 2 rounds
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Latest Funding Round
$33.85 M (USD), Series A
Jan 27, 2022
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Investors
Lightspeed Venture Partners
& 5 more
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Employee Count
Employee Count
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Products & Services of MAYD
MAYD offers a comprehensive portfolio of products and services, including MAYD App. 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.
App for on-demand medication delivery in 30 minutes
Funding Insights of MAYD
MAYD has successfully raised a total of $48.88M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $33.85 million completed in January 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 2
- Last Round Series A — $33.8M
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First Round
First Round
(14 Oct 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series A - MAYD | Valuation | Lightspeed Venture Partners | |
| Oct, 2021 | Amount | Seed - MAYD | Valuation |
investors |
| 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 MAYD
MAYD has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include Lightspeed Venture Partners, Target Global and 468 Capital. 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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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Venture capital firm
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Founded Year | Domain | Location | |
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Venture capital funding is provided to early-stage startups from Berlin.
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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 MAYD
| 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 - MAYD
| 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 |
Mayd Comparisons
Competitors of MAYD
MAYD 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 medpex, Axiogenesis, Medizinfuchs, FIRST A and eurapon, 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 |
Medicines for health conditions are sold online by medpex.
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| domain | founded_year | HQ Location |
Generic medicines are sold via an online pharmacy platform.
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| domain | founded_year | HQ Location |
Operates a marketplace for pharmacy products to facilitate online purchasing.
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| domain | founded_year | HQ Location |
A mobile app for online medicine ordering is provided.
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| domain | founded_year | HQ Location |
Medicines for multiple diseases are supplied via an online pharmacy.
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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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Frequently Asked Questions about MAYD
When was MAYD founded?
MAYD was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is MAYD located?
MAYD is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Is MAYD a funded company?
MAYD is a funded company, having raised a total of $48.88M across 2 funding rounds to date. The company's 1st funding round was a Seed of $15.04M, raised on Oct 14, 2021.
What does MAYD do?
MAYD was established in 2018 in Berlin, Germany, within the health technology sector. An online platform is provided for users to select and order non-prescription pharmacy products, with delivery services arranged accordingly. Medicine-related queries are addressed, and consultations with pharmacists are facilitated through the platform. Operations center on streamlining access to essential pharmaceutical items for consumers in the region.
Who are the top competitors of MAYD?
MAYD's top competitors include medpex, FIRST A and Axiogenesis.
What products or services does MAYD offer?
MAYD offers MAYD App.
Who are MAYD's investors?
MAYD has 6 investors. Key investors include Lightspeed Venture Partners, Target Global, 468 Capital, Earlybird, and Jochen Engert.
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