About Modius Health
Modius Health is a company based in Belfast (United Kingdom) founded in 2017 by Jason McKeown.. Modius Health has raised $1.59 million across 1 funding round from investors including Techstart Ventures. The company has 21 employees as of December 31, 2021. Modius Health offers products and services including Modius Sleep. Modius Health operates in a competitive market with competitors including Nitinote Surgical, Standard Bariatrics, CoolSculpting, Zeltiq and Liposonix, among others.
- Headquarter Belfast, United Kingdom
- Employees 21 as on 31 Dec, 2021
- Founders Jason McKeown
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Kelco Limited
- Date of Incorporation 10 Sep, 1926
- Jurisdiction WARRINGTON, ENGLAND
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Annual Revenue
$626.43 K (USD)-3as on Dec 31, 2020
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Net Profit
$-80.19 K (USD)-166as on Dec 31, 2020
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EBITDA
$-73 K (USD)35as on Dec 31, 2020
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Total Equity Funding
$1.59 M (USD)
in 1 rounds
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Latest Funding Round
$1.59 M (USD), Seed
Oct 17, 2017
- Investors
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Employee Count
21
as on Dec 31, 2021
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Products & Services of Modius Health
Modius Health offers a comprehensive portfolio of products and services, including Modius Sleep. 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.
FDA-cleared device for treating chronic insomnia via non-invasive methods.
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Funding Insights of Modius Health
Modius Health has successfully raised a total of $1.59M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.59 million completed in October 2017. 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 1
- Last Round Seed — $1.6M
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First Round
First Round
(17 Oct 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2017 | Amount | Seed - Modius Health | Valuation | Techstart Ventures |
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| 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 Modius Health
Modius Health has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Techstart Ventures. 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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Early-stage investments are provided by Techstart Ventures.
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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 Modius Health
| 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 - Modius Health
| 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 |
Modius Health Comparisons
Competitors of Modius Health
Modius Health 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 Nitinote Surgical, Standard Bariatrics, CoolSculpting, Zeltiq and Liposonix, 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 |
Non-surgical bariatric solutions for obesity are developed.
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| domain | founded_year | HQ Location |
Medical devices for obesity surgical treatment are provided.
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| domain | founded_year | HQ Location |
Non-surgical fat reduction is achieved through controlled-cooling technology.
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| domain | founded_year | HQ Location |
Controlled cooling technology is developed for non-surgical fat reduction.
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| domain | founded_year | HQ Location |
Non-surgical and non-invasive treatment to eliminate unwanted fat around waistline
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| domain | founded_year | HQ Location |
Gamified physical activity tracking is offered to individuals and employers.
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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 Modius Health
Frequently Asked Questions about Modius Health
When was Modius Health founded?
Modius Health was founded in 2017.
Where is Modius Health located?
Modius Health is headquartered in Belfast, United Kingdom. It is registered at Belfast, Northern Ireland, United Kingdom.
Who is the current CEO of Modius Health?
Jason McKeown is the current CEO of Modius Health. They have also founded this company.
Is Modius Health a funded company?
Modius Health is a funded company, having raised a total of $1.59M across 1 funding round to date. The company's 1st funding round was a Seed of $1.59M, raised on Oct 17, 2017.
How many employees does Modius Health have?
As of Dec 31, 2021, the latest employee count at Modius Health is 21.
What is the annual revenue of Modius Health?
Annual revenue of Modius Health is $626.43K as on Dec 31, 2020.
What does Modius Health do?
Modius Health was founded in 2017 in Belfast, United Kingdom, within the health technology sector. A non-invasive device is developed by the company to reduce body fat through electrical pulses targeting the vestibular system. The device integrates with a mobile app for monitoring session duration and program progress. Operations focus on weight management solutions for users seeking alternative approaches.
Who are the top competitors of Modius Health?
Modius Health's top competitors include Nitinote Surgical, CoolSculpting and Standard Bariatrics.
What products or services does Modius Health offer?
Modius Health offers Modius Sleep.
Who are Modius Health's investors?
Modius Health has 1 investor. Key investors include Techstart Ventures.
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