About NewIcon
NewIcon is a company based in Kuopio (Finland) founded in 2007.. NewIcon has raised $12.85 million across 7 funding rounds from investors including European Investment Bank, European Union and Springvest. The company has 1 employees as of May 31, 2022. NewIcon offers products and services including Automated Dispensing System (ADS), Automated Dispensing Cabinet (ADC), and Compounding System. NewIcon operates in a competitive market with competitors including Parata Systems, MTS Medication Technologies, Shenzhen Bowei Medical Robot, Rowa and ScriptPro, among others.
- Headquarter Kuopio, Finland
- Employees 1 as on 31 May, 2022
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Sectors
HealthcareIndustrial Goods & Manufacturing
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Newicon Group Dk Aps
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Annual Revenue
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Net Profit
$-8.18 K (USD)-368as on Dec 31, 2022
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EBITDA
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Total Equity Funding
$12.85 M (USD)
in 7 rounds
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Latest Funding Round
$5.5 M (USD), Series A
Apr 04, 2019
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Investors
European Investment Bank
& 6 more
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Employee Count
1
as on May 31, 2022
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Products & Services of NewIcon
NewIcon offers a comprehensive portfolio of products and services, including Automated Dispensing System (ADS), Automated Dispensing Cabinet (ADC), and Compounding System. 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.
System for automated drug dispensing in hospital pharmacies.
Cabinet for secure medicine storage and distribution.
System for safe chemotherapy drug compounding.
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Funding Insights of NewIcon
NewIcon has successfully raised a total of $12.85M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $5.5 million completed in April 2019. 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 7
- Last Round Series A — $5.5M
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First Round
First Round
(24 Nov 2014)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2019 | Amount | Series A - NewIcon | Valuation | Springvest |
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| May, 2018 | Amount | Series A - NewIcon | Valuation | Highlight Capital |
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| Mar, 2017 | Amount | Series A - NewIcon | Valuation | Springvest |
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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 NewIcon
NewIcon has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include European Investment Bank, European Union and Springvest. 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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Springvest is recognized as a leading growth investment service in Finland.
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Founded Year | Domain | Location | |
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Private equity and early-stage venture capital firm investing primarily in Chinese companies
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Founded Year | Domain | Location | |
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Finance and advisory services for infrastructure projects are provided.
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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 NewIcon
| 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 - NewIcon
| 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 |
Newicon Comparisons
Competitors of NewIcon
NewIcon 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 Parata Systems, MTS Medication Technologies, Shenzhen Bowei Medical Robot, Rowa and ScriptPro, 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 |
Automated pharmacy dispensing and adherence packaging solutions are provided.
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| domain | founded_year | HQ Location |
Developer of automated medication dispensing machine
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| domain | founded_year | HQ Location |
Robots for healthcare are designed and manufactured.
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| domain | founded_year | HQ Location |
Automated pharmacy dispensing robots are developed for efficient medicine handling.
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| domain | founded_year | HQ Location |
Provides pharmacy management systems and workflow tools for efficiency and accuracy.
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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 NewIcon
When was NewIcon founded?
NewIcon was founded in 2007 and raised its 1st funding round 7 years after it was founded.
Where is NewIcon located?
NewIcon is headquartered in Kuopio, Finland.
Is NewIcon a funded company?
NewIcon is a funded company, having raised a total of $12.85M across 7 funding rounds to date.
How many employees does NewIcon have?
As of May 31, 2022, the latest employee count at NewIcon is 1.
What does NewIcon do?
NewIcon was founded in 2007 and is based in Kuopio, Finland. Operations focus on the pharmacy automation sector, where automated dispensing systems such as Mega-Fixu are offered for shelving, retrieval, and packaging of medicines in hospitals and pharmacies. Additionally, the IV ICON Twins compounding system is provided for intravenous antibiotics, enabling large doses to be mixed per hour in hospital settings.
Who are the top competitors of NewIcon?
NewIcon's top competitors include Parata Systems, MTS Medication Technologies and Shenzhen Bowei Medical Robot.
What products or services does NewIcon offer?
NewIcon offers Automated Dispensing System (ADS), Automated Dispensing Cabinet (ADC), and Compounding System.
Who are NewIcon's investors?
NewIcon has 7 investors. Key investors include European Investment Bank, European Union, Springvest, Highlight Capital, and EIC Fund.