Mentice

Goteborg, Sweden Founded: 1999 • Age: 27 yrs
Simulation solutions for cardiovascular and neurovascular physician training are provided.
Annual revenue $26.3M Latest available
Total funding - 1 rounds
Employees 131 Tracked headcount
Investors 1 Known backers
Products 3 Services tracked
Competitors 9 Brand Intelligence

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
  • Sectors
    Healthcare
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Mentice Ab
Operational Areas
Healthcare → Health Technology & Digital Health
Key Metrics
  • Annual Revenue
    $26.32 M (USD)
    6.11
    as on Dec 31, 2024
  • Net Profit
    -$1.67 M (USD)
    -553.89
    as on Dec 31, 2024
  • EBITDA
    $1.51 M (USD)
    -34.53
    as on Dec 31, 2024
  • Latest Funding Round
  • Investors
  • Employee Count
    131

    as on Dec 31, 2024

  • Investments & Acquisitions
    Biomodex

    & 3 more

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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.

Exchange: OMXSTO · Ticker: MNTC · Sector: Health technology · Sweden

Products & Services of Mentice

Mentice offers a comprehensive portfolio of products and services, including Virtual Simulation, Flow Models, and Cloud Applications.

Primary

VR simulators for interventional procedures and learning modules

Physical systems replicating vascular anatomy for device testing

Mobile apps for remote proctoring and procedural exploration

People of Mentice

Headcount 50-200
Employee Profiles 29
Board Members and Advisors 6
Employee Profiles
People
Zdravko Ban
Business Controller
People
Anne Morawski
Clinical Science Consultant
People
Kjell Asserlind
VP & GM, EMEA/CIS
People
Jan Grund Pedersen
VP, Strategic Alliances & Business Development

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Board Members and Advisors
people
Lawrence D. Howell
Chairman
people
Gösta Johannesson
Director
people
David J. Ballard
Director
people
Denis Gestin
Director

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Funding Insights of Mentice

  • Total Funding
  • Total Rounds 1
  • Last Round
  • First Round
  • Investors Count 1
Date Amount Transaction Name Valuation Lead Investors Investors
Jun, 2006 Amount Series A - Mentice Valuation

investors

Investors in Mentice

Mentice has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Priveq.

All
Venture Fund
Investor Description Founded Year Domain Location
Priveq is engaged in investing in unlisted growth companies.
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.

Investments
Acquisitions
Company Name Description Domain Location Founded Year Amount
Provider of a web-based application for patient record management for radiologist
2016
3D printed surgical simulators for medical education and patient-specific preoperative planning
2014
Endovascular simulators are developed for surgical navigation and planning.
2011

Financial Statements - Mentice

Mentice Comparisons

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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.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Medical video games for physicians' clinical training are developed.
domain founded_year HQ Location
3D map of the human body
domain founded_year HQ Location
Provider of physics-based simulations for medical device manufacturers
domain founded_year HQ Location
Virtual surgical simulations are delivered via mobile app for training.
domain founded_year HQ Location
Medical education platform is provided for physicians via virtual patients.
domain founded_year HQ Location
Simulation-based learning platform is offered for medical and nursing professionals.

Latest news on Mentice

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.

As of Dec 31, 2024, the latest employee count at Mentice is 131.

Annual revenue of Mentice is $26.32M as on Dec 31, 2024.

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.

The ticker symbol of Mentice is MNTC on OMXSTO.

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