About Mentice
Mentice is a publicly listed company based in Goteborg (Sweden) founded in 1999. It operates as a simulation solutions for cardiovascular and neurovascular physician training are provided. The company has 131 employees. 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. Its focus areas include HealthTech, Healthcare IT, Provider and Administrative Solutions. Its legal entity is Mentice AB. Its competitors include Level Ex, BioDigital, FEops, Touch Surgery and InSimu Patient and 3 more; 7 of its 8 listed competitors have raised funding.
Company details
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.
Products & Services of Mentice
Mentice offers a comprehensive portfolio of products and services, including Virtual Simulation, Flow Models, and Cloud Applications.
VR simulators for interventional procedures and learning modules
Physical systems replicating vascular anatomy for device testing
Mobile apps for remote proctoring and procedural exploration
Apps and channels of Mentice
its YouTube channel Mentice has 2.7K subscribers and 30 videos.
Videos from Mentice
The most watched videos on Mentice's YouTube channel, Mentice (2.7K subscribers). Click a video to play it here.
More on Mentice.
Funding Insights of Mentice
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Mentice with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2006 | – | Series A | – | – |
1 investors in total: 1 institutional.
Investors in Mentice
Mentice has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Priveq.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Priveq is engaged in investing in unlisted growth companies. | 1998 | priveq.se | Stockholm, Sweden |
Investor details for Mentice
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People of Mentice
35 people are tracked at Mentice (20 in leadership, 6 in board & advisors, 9 in team); the tracked headcount is 131.
| Name | Role | Group |
|---|---|---|
Kjell Asserlind | VP & GM, EMEA/CIS | Leadership |
Jan Grund Pedersen | VP, Strategic Alliances & Business Development | Leadership |
Göran Malmberg | Group CEO & President | Leadership |
Henrik Storm | CTO | Leadership |
Cleber Veloso | Sales Director Latam | Leadership |
Maria Näslund | Sales Director | Leadership |
Pontus Appelqvist | VP And Gm, APAC | Leadership |
Tony C. | Director Strategic Global Accounts | Leadership |
Ulrika Drotz | CFO | Leadership |
Jonatan Sjöström | Chief Operating Officer | Leadership |
Hector Fernandez | Director Of Ankyras Software Development And PRRC At Mentice Spain S.l. | Leadership |
Alex H. | Vice President And General Manager, Americas | Leadership |
Andreas Danielsson | VP Of Sales Operations | Leadership |
Thomas Sunnanväder | Senior Director EMEA HCS | Leadership |
Lars Lonn | Clinical Director | Leadership |
Edward Faelt | Chief Strategy Officer (cso) | Leadership |
Renan Cancissu | Director Of Precision Medicine | Leadership |
Scott Black | Global Business Development Director | Leadership |
Jonathan Bosson | Innovation Director | Leadership |
Martin Harris | VP, Marketing | Leadership |
15 more people are available in the full profile.
Complete people profiles for Mentice
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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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.
- IPO date20 Jun 2019
- Listed onSTO: MNTC
- Listed entityMentice AB
- Exchange sectorHealth technology
- ISINSE0012673291
- Share price14.70 SEK (-2.65% on the day) · 2026-10-13
- Market capitalisation413,448,289.00 SEK
- EPS (diluted, trailing year)-0.16 SEK
- Volume (last session)8,209
Financials of Mentice
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 279.1M SEK | -32.3M SEK | -1.7M SEK |
| 2024 | 290.3M SEK | -18.4M SEK | 16.7M SEK |
| 2023 | 273.6M SEK | -2.8M SEK | 25.5M SEK |
| 2022 | 217.9M SEK | -30.7M SEK | -3.4M SEK |
| 2021 | 185.1M SEK | -29.2M SEK | -2.7M SEK |
Detailed financial statements for Mentice
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
3D printed surgical simulators for medical education and patient-specific preoperative planning | biomodex.com | Paris, France | 2014 | Jan 2023 | $217,684 | |
Endovascular simulators are developed for surgical navigation and planning. | vascularsimulations.com | Stony Brook, United States | 2011 | Nov 2020 | •••• | |
Provider of a web-based application for patient record management for radiologist | myirlog.com | United States | 2016 | Oct 2020 | •••• | |
Simulation-based training products are provided for healthcare professionals. | medsimulation.com | Denver, United States | 1998 | Dec 2017 | •••• |
Complete acquisition details for Mentice
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Timeline of Mentice
7 dated milestones of Mentice across 24 years, from founding to its latest funding, stage changes and deals.
- Founded Mentice is founded.
- Funding First funding round.
- Acquisition Acquires Medical Simulation Corporation.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires my IR log.
- Acquisition Acquires Vascular Simulations.
- Acquisition Acquires Biomodex.
Competitors of Mentice
Mentice has 8 listed competitors in our database, 7 of them funded. They include Level Ex, BioDigital, FEops, Touch Surgery and InSimu Patient, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| levelex.com | 2015 | Chicago, United States | $17.15M | – | Medical video games for physicians' clinical training are developed. | |
| biodigital.com | 2002 | New York, United States | $4.45M | 44 | 3D map of the human body | |
| feops.com | 2009 | Ghent, Belgium | $11.95M | 33 | Provider of physics-based simulations for medical device manufacturers | |
| touchsurgery.com | 2013 | London, United Kingdom | $20M | 140 | Virtual surgical simulations are delivered via mobile app for training. | |
| insimu.com | 2016 | Debrecen, Hungary | $330,101 | – | Medical education platform is provided for physicians via virtual patients. | |
| edocate.com | 2016 | Tel Aviv, Israel | $3M | – | Simulation-based learning platform is offered for medical and nursing professionals. | |
| kynectiv.com | 2010 | Philadelphia, United States | $1.85M | – | Simulation-based platforms for training and decision-making assessments are offered. | |
| surgicalscience.com | 1999 | Gothenburg, Sweden | – | – | Medical simulation training products are provided for surgical procedures. |
Detailed competitors of Mentice
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Web traffic of Mentice
The website of Mentice (mentice.com) receives about 4.7K visits a month.
- Monthly visits4.7K
▼ 30% vs previous month
Top companies in Clinical IT & Data Platforms
10 companies that operate in the same segment as Mentice (Clinical IT & Data Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru, Karnataka, India | USD 716.99 M | – | 1,832 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | 1,746 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 473.73 M | – | 3,902 | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, Ile de France, France | USD 863.12 M | – | 1,606 | |
Virtual care programs for managing chronic diseases are provided. | 2011 | San Francisco, California, United States | USD 450.12 M | USD 260.21 M | 992 | |
AI-driven EMR and practice management software is delivered for clinics. | 2010 | Boca Raton, Florida, United States | USD 329.17 M | – | 2,470 | |
Cloud-based administrative tools for healthcare providers are offered. | 1997 | Watertown, United States | USD 40 M | – | – | |
Membership-based primary care platform is offered for employees and consumers. | 2007 | San Francisco, California, United States | USD 402.56 M | – | – |
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Related news about Mentice
Complete news archive for Mentice
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Frequently Asked Questions about Mentice
Mentice was founded in 1999 and raised its 1st funding round 7 years after it was founded.
Mentice is headquartered in Goteborg, Sweden. It is registered at Goteborg, Vastra Gotaland, Sweden.
Mentice has 131 employees.
Annual revenue of Mentice is $30.3M as on Dec 31, 2025.
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.
Mentice's top competitors include Level Ex, BioDigital and Surgical Science.
Mentice offers Virtual Simulation, Flow Models, and Cloud Applications.
Yes, Mentice is publicly traded on OMXSTO under the ticker symbol MNTC.
Mentice has made 4 acquisitions, including Biomodex, Medical Simulation Corporation, and Vascular Simulations.
Mentice has 1 investor. Key investors include Priveq.
Mentice operates through Mentice Ab.