NewIcon

Kuopio, Finland Founded: 2007 • Age: 19 yrs
Pharmacy automation storage solutions are provided for hospitals and pharmacies.
Annual revenue - Latest available
Total funding $12.9M 7 rounds
Employees 1 Tracked headcount
Investors 7 Known backers
Products 3 Services tracked
Competitors 9 Brand Intelligence

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
  • Sectors
    Healthcare
    Industrial Goods & Manufacturing
  • Phone
    Locked
  • Website
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  • Social
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  • Legal Name Newicon Group Dk Aps
Operational Areas
Healthcare → Health Technology & Digital Health Unlock Sub-Sector Unlock Segment
Industrial Goods & Manufacturing → Robotics, Automation & Smart Systems Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    -$8.18 K (USD)
    -368
    as on Dec 31, 2022
  • EBITDA
    Not available
  • Total Equity Funding
    $12.85 M (USD)

    in 7 rounds

  • Latest Funding Round
    $5.5 M (USD), Series A

    Apr 04, 2019

  • Investors
  • 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.

Product name locked
Category locked
Primary

System for automated drug dispensing in hospital pharmacies.

Product name locked
Category locked
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Cabinet for secure medicine storage and distribution.

Product name locked
Category locked
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System for safe chemotherapy drug compounding.

People of NewIcon

Headcount 50-200
Employee Profiles 16
Board Members and Advisors 5
Employee Profiles
People
Jori-Matti Savolainen
CCO
People
Ossi Parviainen
CEO
People
Mauri Kankkunen
Chief Operating Officer
People
Kirsi Pohjolainen
CFO

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Board Members and Advisors
people
Vesa Lehtinen
Board Member
people
Jari Osmala
Board Member
people
Mikko Suonenlahti
Board Member

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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.

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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Springvest is recognized as a leading growth investment service in Finland.
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Private equity and early-stage venture capital firm investing primarily in Chinese companies
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Finance and advisory services for infrastructure projects are provided.
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Investor details for NewIcon

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Investments & Acquisitions by NewIcon

Investments
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Investment portfolio details for NewIcon

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  • Portfolio identities
  • Transaction dates
  • Round details
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Financial Statements - NewIcon

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Detailed financials for NewIcon

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Newicon Comparisons

NewIcon Primary company
Description
Pharmacy automation storage solutions are provided for hospi...
Location
Kuopio, Finland
Founded Year
2007
Annual Revenue
Not available
Net Profit
-$8.18 K (USD)
EBITDA
Not available
Employees
1
As of 2022
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Peer comparison for NewIcon

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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.

Company Name Domain Founded year HQ Location Description
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Automated pharmacy dispensing and adherence packaging solutions are provided.
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Developer of automated medication dispensing machine
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Robots for healthcare are designed and manufactured.
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Automated pharmacy dispensing robots are developed for efficient medicine handling.
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Provides pharmacy management systems and workflow tools for efficiency and accuracy.
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Detailed competitors of NewIcon

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Latest news on Newicon

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Complete news archive for NewIcon

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  • Older coverage
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Frequently Asked Questions about NewIcon

NewIcon was founded in 2007 and raised its 1st funding round 7 years after it was founded.

NewIcon is headquartered in Kuopio, Finland.

NewIcon is a funded company, having raised a total of $12.85M across 7 funding rounds to date.

As of May 31, 2022, the latest employee count at NewIcon is 1.

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.

NewIcon offers Automated Dispensing System (ADS), Automated Dispensing Cabinet (ADC), and Compounding System.

NewIcon has 7 investors. Key investors include European Investment Bank, European Union, Springvest, Highlight Capital, and EIC Fund.

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