About munevo
munevo is a company based in Munchen (Germany) founded in 2018 by Aashish Trivedi, Deepesh Pandey, and Claudiu Hidas.. munevo has raised $2.92 million across 1 funding round from investors including be-exponential, BabyBG and Bayern Kapital. The company has 22 employees as of December 31, 2021. munevo offers products and services including munevo DRIVE, munevo PHONE, munevo HOME, and munevo ARM. munevo operates in a competitive market with competitors including Arcatron, WHILL, Kalogon Smart Cushion, Shanghai Bangbang Robot and Haltija, among others.
- Headquarter Munchen, Germany
- Employees 22 as on 31 Dec, 2021
- Founders Aashish Trivedi, Deepesh Pandey, Claudiu Hidas
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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
*********
- Legal Name Munevo Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.92 M (USD)
in 1 rounds
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Latest Funding Round
$2.92 M (USD), Seed
Oct 15, 2022
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Investors
be-exponential
& 3 more
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Employee Count
22
as on Dec 31, 2021
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Products & Services of munevo
munevo offers a comprehensive portfolio of products and services, including munevo DRIVE, munevo PHONE, munevo HOME, and munevo ARM. 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.
Smart head control system for operating power wheelchairs via head movements
Accessory to operate smartphones from wheelchair controls
Feature for integrating home devices with wheelchair system
Component for additional wheelchair functionality and control
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Software Development Team
3 people
CTO Team
1 people
Advisor Team
1 people
Leadership Team
1 people
Embedded Team
1 people
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Funding Insights of munevo
munevo has successfully raised a total of $2.92M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.92 million completed in October 2022. 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 — $2.9M
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First Round
First Round
(15 Oct 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Seed - munevo | Valuation | be-exponential , BabyBG |
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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 munevo
munevo has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include be-exponential, BabyBG and Bayern Kapital. 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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Investment and advisory services are provided to B2B startups.
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Founded Year | Domain | Location | |
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High-tech industries are targeted for investments by Bayern Kapital.
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Founded Year | Domain | Location | |
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ROCA X is focused on funding early-stage tech startups.
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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 munevo
| 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 - munevo
| 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 |
Munevo Comparisons
Competitors of munevo
munevo 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 Arcatron, WHILL, Kalogon Smart Cushion, Shanghai Bangbang Robot and Haltija, 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 |
Assisted mobility and elderly care devices are provided by Arcatron.
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| domain | founded_year | HQ Location |
Personal electric wheelchairs for mobility support are developed.
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| domain | founded_year | HQ Location |
Manufacturer of wheelchairs
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| domain | founded_year | HQ Location |
Assistive robotic solutions for mobility-impaired individuals are provided.
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| domain | founded_year | HQ Location |
Rehabilitation therapy equipment, including mobility aids and prostheses, is supplied.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about munevo
When was munevo founded?
munevo was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is munevo located?
munevo is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Who is the current CEO of munevo?
Claudiu Hidas is the current CEO of munevo. They have also founded this company.
Is munevo a funded company?
munevo is a funded company, having raised a total of $2.92M across 1 funding round to date. The company's 1st funding round was a Seed of $2.92M, raised on Oct 15, 2022.
How many employees does munevo have?
As of Dec 31, 2021, the latest employee count at munevo is 22.
What does munevo do?
Founded in 2018 in Munich, Germany, Munevo operates in the assistive technology sector. Smart wheelchairs are provided for individuals with mobility disorders, utilizing a smart glass application. Head movements are detected by built-in sensors and translated into control signals, which are transmitted to the wheelchair unit for hands-free navigation. Menu interfaces are also accessed through similar head gestures.
Who are the top competitors of munevo?
munevo's top competitors include WHILL, Arcatron and Kalogon Smart Cushion.
What products or services does munevo offer?
munevo offers munevo DRIVE, munevo PHONE, munevo HOME, and munevo ARM.
Who are munevo's investors?
munevo has 4 investors. Key investors include be-exponential, BabyBG, Bayern Kapital, and ROCA X.
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