Nanowear

New York, United States Founded: 2014 • Age: 12 yrs
Nanosensor-embedded wearable garments are utilized for remote medical monitoring.

About Nanowear

Nanowear is a company based in New York (United States) founded in 2014.. Nanowear has raised $1.53 million across 2 funding rounds from investors including Social Capital, MedTech Innovator and MAS Holdings. Nanowear offers products and services including SimpleSense. Nanowear operates in a competitive market with competitors including iRhythm Tech, AliveCor, Biotricity, Masimo and Cardiotrack, among others.

  • Headquarter New York, United States
  • Sectors
    Technology
    Healthcare
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Technology → Quantum & Emerging Technologies
Technology → Extended, Virtual & Augmented Reality
Healthcare → Health Technology & Digital Health
Healthcare → Healthcare Products & Supplies
Healthcare → Health Technology & Digital Health
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $1.53 M (USD)

    in 2 rounds

  • Latest Funding Round
    $15 K (USD), Grant

    Sep 25, 2017

  • Investors
  • Employee Count
    Employee Count
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Products & Services of Nanowear

Nanowear offers a comprehensive portfolio of products and services, including SimpleSense. 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.

Primary

Undergarment that captures health biomarkers for remote diagnostics.

People of Nanowear
Headcount 10-50
Employee Profiles 13
Employee Profiles
People
Venk Varadan
Co-Founder & CEO
People
Zach Taylor
Chief Software Officer
People
John Zimmerman
Chief Medical Officer
People
Errol Bakker
VP, Supply Chain & Procurement

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Funding Insights of Nanowear

Nanowear has successfully raised a total of $1.53M across 2 strategic funding rounds. The most recent funding activity was a Grant round of $15 thousand completed in September 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 Rounds 2
  • Last Round Grant — $15,000
  • First Round

    (17 Mar 2015)

  • Investors Count 3
Date Amount Transaction Name Valuation Lead Investors Investors
Sep, 2017 Amount Grant - Nanowear Valuation

investors

Mar, 2015 Amount Seed - Nanowear Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Nanowear

Nanowear has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Social Capital, MedTech Innovator and MAS Holdings. 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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Acceleration of medical device, digital health, and diagnostic companies is facilitated worldwide.
Founded Year Domain Location
US focused VC firm investing in seed & growth stage companies
Founded Year Domain Location
Internet first brand of sportswear apparel for men and women
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Nanowear

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Nanowear

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Nanowear Comparisons

Employees
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Competitors of Nanowear

Nanowear 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 iRhythm Tech, AliveCor, Biotricity, Masimo and Cardiotrack, 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
Cloud-based ambulatory ECG monitors for cardiac arrhythmia diagnosis are provided.
domain founded_year HQ Location
Cardiac monitoring devices and applications are provided for heart health.
domain founded_year HQ Location
Developer of medical remote monitoring solutions that help prevent and manage chronic diseases
domain founded_year HQ Location
Provider of wide range of devices to monitor health parameters
domain founded_year HQ Location
AI-based EGC data capture and analysis platform
domain founded_year HQ Location
Wearable patch defibrillators are developed for sudden cardiac arrest treatment.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Nanowear

Frequently Asked Questions about Nanowear

When was Nanowear founded?

Nanowear was founded in 2014 and raised its 1st funding round 1 year after it was founded.

Where is Nanowear located?

Nanowear is headquartered in New York, United States. It is registered at New York, New York, United States.

Is Nanowear a funded company?

Nanowear is a funded company, having raised a total of $1.53M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.53M, raised on Mar 17, 2015.

What does Nanowear do?

Nanowear was founded in 2014 in New York, United States, and operates within the healthcare sector. Textile-based nanosensors are integrated into smart fabric apparel to facilitate continuous, long-term remote electrophysiological monitoring. Healthcare costs are addressed through enhanced patient comfort and mobility. The technology is FDA approved, with multiple patents supporting its development and application.

Who are the top competitors of Nanowear?

Nanowear's top competitors include AliveCor, iRhythm Tech and Biotricity.

What products or services does Nanowear offer?

Nanowear offers SimpleSense.

Who are Nanowear's investors?

Nanowear has 3 investors. Key investors include Social Capital, MedTech Innovator, and MAS Holdings.

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