About Meditect
Meditect is a company based in Paris (France) founded in 2017 by Romain Renard and Arnaud Pourredon.. Meditect has raised $1.63 million across 3 funding rounds from investors including EIT Health, Bpifrance and Launch Africa. Meditect operates in a competitive market with competitors including RxAll, Saman Salamat, Veripad, TrueMed and TrueSpec-Africa, among others.
- Headquarter Paris, France
- Founders Romain Renard, Arnaud Pourredon
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.63 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
EIT Health
& 3 more
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Employee Count
Employee Count
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Funding Insights of Meditect
Meditect has successfully raised a total of $1.63M across 3 strategic funding rounds. 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 3
- Last Round Last Round
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First Round
First Round
(10 Jul 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Seed - Meditect | Valuation |
investors |
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| May, 2020 | Amount | Seed - Meditect | Valuation | Bpifrance , LBO France |
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| Jul, 2019 | Amount | Grant - Meditect | 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 Meditect
Meditect has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include EIT Health, Bpifrance and Launch Africa. 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 fund focused on tech companies
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Founded Year | Domain | Location | |
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Private equity investments are made in France and the US.
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Founded Year | Domain | Location | |
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Healthcare startups are accelerated and incubated through specialized programs.
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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 Meditect
| 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 - Meditect
| 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 |
Meditect Comparisons
Competitors of Meditect
Meditect 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 RxAll, Saman Salamat, Veripad, TrueMed and TrueSpec-Africa, 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 are authenticated via AI and spectrometers for pharmacy procurement.
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| domain | founded_year | HQ Location |
Delivers comprehensive medicine tracking and tracing solutions to detect counterfeit drugs.
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| domain | founded_year | HQ Location |
A digital tool for medication management tailored to healthcare providers.
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| domain | founded_year | HQ Location |
Provides cloud and AI-based technology to healthcare providers for medicine validation
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| domain | founded_year | HQ Location |
Delivers an AI-based device for verifying the genuinity of drugs.
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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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Frequently Asked Questions about Meditect
When was Meditect founded?
Meditect was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Meditect located?
Meditect is headquartered in Paris, France.
Who is the current CEO of Meditect?
Arnaud Pourredon is the current CEO of Meditect. They have also founded this company.
Is Meditect a funded company?
Meditect is a funded company, having raised a total of $1.63M across 3 funding rounds to date. The company's 1st funding round was a Grant of $44.8K, raised on Jul 10, 2019.
What does Meditect do?
Meditect was founded in 2017 in Paris, France, within the health technology sector. AI and blockchain-based software is developed to monitor the sale of counterfeit medicines. A mobile application is utilized by pharmacists and patients to scan products and verify authenticity through integrated scanning features. Operations center on enhancing pharmaceutical supply chain security across Europe.
Who are the top competitors of Meditect?
Meditect's top competitors include RxAll, TrueMed and LambdaBlocks.
Who are Meditect's investors?
Meditect has 4 investors. Key investors include EIT Health, Bpifrance, Launch Africa, and LBO France.