Modius Health

Belfast, United Kingdom Founded: 2017 • Age: 9 yrs
Non-invasive vestibular stimulation device for weight loss is offered.
Annual revenue $626,425 Latest available
Total funding $1.6M 1 rounds
Employees 21 Tracked headcount
Investors 1 Known backers
Products 1 Services tracked
Competitors 9 Brand Intelligence

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
  • Sectors
    Healthcare
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
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  • Legal Name Kelco Limited
  • Date of Incorporation 10 Sep, 1926
  • Jurisdiction WARRINGTON, ENGLAND
Operational Areas
Healthcare → Healthcare Products & Supplies Unlock Sub-Sector Unlock Segment
Healthcare → Health Technology & Digital Health Unlock Sub-Sector Unlock Segment
Healthcare → Healthcare Products & Supplies Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $626.43 K (USD)
    -3
    as on Dec 31, 2020
  • Net Profit
    -$80.19 K (USD)
    -166
    as on Dec 31, 2020
  • EBITDA
    -$73 K (USD)
    35
    as on Dec 31, 2020
  • Total Equity Funding
    $1.59 M (USD)

    in 1 rounds

  • Latest Funding Round
    $1.59 M (USD), Seed

    Oct 17, 2017

  • Investors
  • 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.

Product name locked
Category locked
Primary

FDA-cleared device for treating chronic insomnia via non-invasive methods.

People of Modius Health

Headcount 10-50
Employee Profiles 13
Board Members and Advisors 7
Employee Profiles
People
Adam Simmons
Senior Android Engineer
People
Sinead Watson
Chief Regulatory Officer
People
Rebecca Armstrong
Clinical & Quality Manager
People
Chris McCabe
Chief Technology Officer

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Board Members and Advisors
people
Tina Liedtky
Board Member
people
Audrey Osborne
Board Observer & Investor
people
Brian Cummings
Board Observer & Investor
people
Gaby Salem
Board Member & Investor

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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.

Investors in Modius Health

Modius Health has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Techstart Ventures.

All
Venture Fund
Investor Description Founded Year Domain Location
Early-stage investments are provided by Techstart Ventures.
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Investments & Acquisitions by Modius Health

Investments
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Investment portfolio details for Modius Health

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Financial Statements - Modius Health

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Detailed financials for Modius Health

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Modius Health Comparisons

Modius Health Primary company
Description
Non-invasive vestibular stimulation device for weight loss i...
Location
Belfast, United Kingdom
Founded Year
2017
Annual Revenue
$626.43 K (USD)
Net Profit
-$80.19 K (USD)
EBITDA
-$73 K (USD)
Employees
21
As of 2021
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Peer comparison for Modius Health

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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.

Company Name Domain Founded year HQ Location Description
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Non-surgical bariatric solutions for obesity are developed.
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Medical devices for obesity surgical treatment are provided.
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Non-surgical fat reduction is achieved through controlled-cooling technology.
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Controlled cooling technology is developed for non-surgical fat reduction.
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Non-surgical and non-invasive treatment to eliminate unwanted fat around waistline
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Gamified physical activity tracking is offered to individuals and employers.
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Detailed competitors of Modius Health

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Latest news on Modius Health

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Complete news archive for Modius Health

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Frequently Asked Questions about Modius Health

Modius Health was founded in 2017.

Modius Health is headquartered in Belfast, United Kingdom. It is registered at Belfast, Northern Ireland, United Kingdom.

Jason McKeown is the current CEO of Modius Health. They have also founded this company.

Modius Health is a funded company, having raised a total of $1.59M across 1 funding round to date.

As of Dec 31, 2021, the latest employee count at Modius Health is 21.

Annual revenue of Modius Health is $626.43K as on Dec 31, 2020.

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.

Modius Health's top competitors include Nitinote Surgical, CoolSculpting and Standard Bariatrics.

Modius Health offers Modius Sleep.

Modius Health has 1 investor. Key investors include Techstart Ventures.

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