About Mentice
Mentice is a company based in Goteborg (Sweden) founded in 1999.. The company has 131 employees as of December 31, 2024. Mentice has completed 4 acquisitions, including Biomodex, Medical Simulation Corporation and Vascular Simulations. Mentice offers products and services including Virtual Simulation, Flow Models, and Cloud Applications. Mentice operates in a competitive market with competitors including Level Ex, BioDigital, FEops, Touch Surgery and InSimu Patient, among others.
- Headquarter Goteborg, Sweden
- Employees 131 as on 31 Dec, 2024
- Stage Public
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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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- Legal Name Mentice Ab
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IPO & Listings of Mentice
Mentice is a publicly listed company on the OMXSTO with ticker symbol MNTC in Sweden, operating in the Health technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Mentice
Mentice offers a comprehensive portfolio of products and services, including Virtual Simulation, Flow Models, and Cloud Applications. 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.
VR simulators for interventional procedures and learning modules
Physical systems replicating vascular anatomy for device testing
Mobile apps for remote proctoring and procedural exploration
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Funding Insights of Mentice
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2006 | Amount | Series A - Mentice | 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 Mentice
Mentice has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Priveq. 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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Priveq is engaged in investing in unlisted growth companies.
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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 Mentice
Mentice has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Biomodex, Medical Simulation Corporation and Vascular Simulations. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of a web-based application for patient record management for radiologist
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2016 | ||||
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3D printed surgical simulators for medical education and patient-specific preoperative planning
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2014 | ||||
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Endovascular simulators are developed for surgical navigation and planning.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Mentice
| 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 |
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Mentice Comparisons
Competitors of Mentice
Mentice 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 Level Ex, BioDigital, FEops, Touch Surgery and InSimu Patient, 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 |
Medical video games for physicians' clinical training are developed.
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| domain | founded_year | HQ Location |
3D map of the human body
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| domain | founded_year | HQ Location |
Provider of physics-based simulations for medical device manufacturers
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| domain | founded_year | HQ Location |
Virtual surgical simulations are delivered via mobile app for training.
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| domain | founded_year | HQ Location |
Medical education platform is provided for physicians via virtual patients.
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| domain | founded_year | HQ Location |
Simulation-based learning platform is offered for medical and nursing professionals.
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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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Latest news on Mentice
Frequently Asked Questions about Mentice
When was Mentice founded?
Mentice was founded in 1999 and raised its 1st funding round 7 years after it was founded.
Where is Mentice located?
Mentice is headquartered in Goteborg, Sweden. It is registered at Goteborg, Vastra Gotaland, Sweden.
How many employees does Mentice have?
As of Dec 31, 2024, the latest employee count at Mentice is 131.
What is the annual revenue of Mentice?
Annual revenue of Mentice is $26.32M as on Dec 31, 2024.
What does Mentice do?
Mentice was founded in 1999 in Gothenburg, Sweden, and operates in the medical simulation sector. Cardiovascular and neurovascular training solutions are developed, including software, VIST simulator platforms, flow systems for vessels, and mobile applications. Hands-on procedural training for clinicians is supported through modules focused on catheter-based and minimally invasive vascular surgeries, with an emphasis on skill acquisition for improved patient safety.
Who are the top competitors of Mentice?
Mentice's top competitors include Level Ex, BioDigital and Surgical Science.
What products or services does Mentice offer?
Mentice offers Virtual Simulation, Flow Models, and Cloud Applications.
Is Mentice publicly traded?
Yes, Mentice is publicly traded on OMXSTO under the ticker symbol MNTC.
How many acquisitions has Mentice made?
Mentice has made 4 acquisitions, including Biomodex, Medical Simulation Corporation, and Vascular Simulations.
Who are Mentice's investors?
Mentice has 1 investor. Key investors include Priveq.
What is Mentice's ticker symbol?
The ticker symbol of Mentice is MNTC on OMXSTO.
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