About medino
medino is a company based in London (United Kingdom) founded in 2003 by Christian Jakobsson. It operates as a Direct-to-Consumer (D2C). medino has raised $7.85 million across 2 funding rounds from investors including Gustaf Eriksson. The company has 8 employees as of September 30, 2021. medino offers products and services including Online Pharmacy Products, Beauty & Skincare, and Vitamins & Supplements. medino operates in a competitive market with competitors including Pharmacy2U, LloydsDirect, Health & Her, Novalar Pharm and Chemist Direct, among others.
- Headquarter London, United Kingdom
- Employees 8 as on 30 Sep, 2021
- Founders Christian Jakobsson
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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 Medino Online Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.85 M (USD)
in 2 rounds
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Latest Funding Round
$7.28 M (USD), Series A
Oct 29, 2020
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Investors
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Employee Count
8
as on Sep 30, 2021
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Products & Services of medino
medino offers a comprehensive portfolio of products and services, including Online Pharmacy Products, Beauty & Skincare, and Vitamins & Supplements. 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.
Pharmacy products are offered for various health needs.
Skincare and beauty items are provided for consumers.
Supplements and vitamins are sold for wellness support.
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Funding Insights of medino
medino has successfully raised a total of $7.85M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $7.28 million completed in October 2020. 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 — $7.3M
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First Round
First Round
(20 Jan 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Series A - medino | Valuation |
investors |
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| Jan, 2020 | Amount | Angel Round - medino | Valuation | Gustaf Eriksson |
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| 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 medino
medino has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Gustaf Eriksson. 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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GE
Gustaf Eriksson |
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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 medino
| 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 - medino
| 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 |
Medino Comparisons
Competitors of medino
medino 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 Pharmacy2U, LloydsDirect, Health & Her, Novalar Pharm and Chemist Direct, 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 |
Online pharmacy and teleconsultation platform
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| domain | founded_year | HQ Location |
Prescription medicines are ordered and delivered via an online platform.
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| domain | founded_year | HQ Location |
Women's health products and symptom tracking tools are provided online.
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| domain | founded_year | HQ Location |
Online pharmacy store
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| domain | founded_year | HQ Location |
Online pharmacy store
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| domain | founded_year | HQ Location |
Prescription medicines and health products are sold online by Chemist4U.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Medino
Frequently Asked Questions about medino
When was medino founded?
medino was founded in 2003 and raised its 1st funding round 17 years after it was founded.
Where is medino located?
medino is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is medino a funded company?
medino is a funded company, having raised a total of $7.85M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $572.13K, raised on Jan 20, 2020.
How many employees does medino have?
As of Sep 30, 2021, the latest employee count at medino is 8.
What does medino do?
An online pharmacy service is provided by medino, catering to UK customers with a wide range of health, beauty, and skincare products. Various categories including allergy relief, vitamins, supplements, and personal care items are offered. Over-the-counter and prescription medicines are made available through a convenient digital platform. Fast delivery options, including next-day service, are ensured for customer convenience. NHS services are supported, and consultations with pharmacists are facilitated for personalized advice. The focus is placed on accessibility and ease, eliminating the need for physical pharmacy visits.
Who are the top competitors of medino?
medino's top competitors include Pharmacy2U, Health & Her and LloydsDirect.
What products or services does medino offer?
medino offers Online Pharmacy Products, Beauty & Skincare, and Vitamins & Supplements.
Who are medino's investors?
medino has 1 investor. Key investors include Gustaf Eriksson.