About Mendi
Mendi is a company based in Stockholm (Sweden) founded in 2017 by Rickard Eklof and Sammy Saldjoghi.. Mendi has raised $8.21 million across 5 funding rounds from investors including European Union, Almi and First Venture. Mendi operates in a competitive market with competitors including Ceribell, INBRAIN Neuroelectronics, Kernel, BrainScope and Mynd Analytics, among others.
- Headquarter Stockholm, Sweden
- Founders Rickard Eklof, Sammy Saldjoghi
-
Sectors
HealthcareTechnology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Mendi Innovations Ab
-
Annual Revenue
$3.91 M (USD)0as on Dec 31, 2021
-
Net Profit
$-137.92 K (USD)94as on Dec 31, 2021
-
EBITDA
$-294.35 K (USD)86as on Dec 31, 2021
-
Total Equity Funding
$8.21 M (USD)
in 5 rounds
-
Latest Funding Round
$4.65 M (USD), Seed
Oct 28, 2021
-
Investors
European Union
& 7 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Unlock access to complete
Funding Insights of Mendi
Mendi has successfully raised a total of $8.21M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $4.65 million completed in October 2021. 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 5
- Last Round Seed — $4.7M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Seed - Mendi | Valuation | First Venture | |
| Nov, 2020 | Amount | Seed - Mendi | Valuation |
investors |
|
| Mar, 2020 | Amount | Grant - Mendi | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mendi
Mendi has secured backing from 8 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include European Union, Almi and First Venture. 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 |
|---|---|---|---|---|
|
-
|
Founded Year | Domain | Location | |
|
Investments are provided by Almi in seed to growth-stage startups.
|
Founded Year | Domain | Location | |
|
Sting is recognized as a leading startup accelerator in the Nordics.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Mendi
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Mendi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mendi Comparisons
Competitors of Mendi
Mendi 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 Ceribell, INBRAIN Neuroelectronics, Kernel, BrainScope and Mynd Analytics, 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 |
Portable EEG devices for point-of-care seizure diagnosis are provided.
|
|
| domain | founded_year | HQ Location |
AI-based neuroelectronic devices for brain disorder detection are developed.
|
|
| domain | founded_year | HQ Location |
Multimodal brain measurement technology is developed for neuromedicine applications.
|
|
| domain | founded_year | HQ Location |
Developer of AI-driven EEG platform transforming brain electrical activity into insights
|
|
| domain | founded_year | HQ Location |
Provider of reference data and analytic tools for clinicians and researchers in psychiatry.
|
|
| domain | founded_year | HQ Location |
AI-based EEG analysis is provided for healthcare providers.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Mendi
Frequently Asked Questions about Mendi
When was Mendi founded?
Mendi was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Mendi located?
Mendi is headquartered in Stockholm, Sweden.
Is Mendi a funded company?
Mendi is a funded company, having raised a total of $8.21M across 5 funding rounds to date. The company's 1st funding round was a Grant of $55.29K, raised on Jul 10, 2019.
What is the annual revenue of Mendi?
Annual revenue of Mendi is $3.91M as on Dec 31, 2021.
What does Mendi do?
Mendi was founded in 2017 in Stockholm, Sweden, and operates in the wearable technology sector focused on brain training. A smart headset is offered that measures brain activity using functional near-infrared spectroscopy (fNIRS). Neural activity is visualized and trained through the Mendi app, enabling users to monitor and improve cognitive functions. The company serves individuals seeking neurofeedback tools for personal development.
Who are the top competitors of Mendi?
Mendi's top competitors include Ceribell, INBRAIN Neuroelectronics and BrainScope.
Who are Mendi's investors?
Mendi has 8 investors. Key investors include European Union, Almi, First Venture, Carl Pei, and Eva Engelbert.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.