About NuvoAir
NuvoAir is a company based in Stockholm (Sweden) founded in 2015 by Lorenzo Consoli.. NuvoAir has raised $28.1 million across 4 funding rounds from investors including Hikma Ventures, dRx Capital and Kaya. NuvoAir offers products and services including Air Next Spirometer, Pulse Oximeter, and NuvoAir App. NuvoAir operates in a competitive market with competitors including QuidelOrtho, BioSerenity, ProciseDx, Neurosynaptic and MedTel Healthcare, among others.
- Headquarter Stockholm, Sweden
- Founders Lorenzo Consoli
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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
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- Legal Name Nuvoair Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$28.1 M (USD)
in 4 rounds
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Latest Funding Round
$11 M (USD), Series A
Jan 19, 2022
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Investors
Hikma Ventures
& 6 more
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Employee Count
Employee Count
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Products & Services of NuvoAir
NuvoAir offers a comprehensive portfolio of products and services, including Air Next Spirometer, Pulse Oximeter, and NuvoAir App. 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.
Measures lung capacity for home monitoring of respiratory conditions.
Tracks oxygen levels and heart rate for chronic health management.
Facilitates virtual appointments and data sharing for patient care.
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Funding Insights of NuvoAir
NuvoAir has successfully raised a total of $28.1M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $11 million completed in January 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 4
- Last Round Series A — $11.0M
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First Round
First Round
(30 Mar 2017)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series A - NuvoAir | Valuation | Hikma Ventures |
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| Jun, 2021 | Amount | Series A - NuvoAir | Valuation | AlbionVC | |
| Apr, 2019 | Amount | Angel Round - NuvoAir | Valuation | Industrifonden |
| 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 NuvoAir
NuvoAir has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Hikma Ventures, dRx Capital and Kaya. 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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Hikma Ventures is focused on digital health investments.
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Founded Year | Domain | Location | |
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Early-stage investments in US Tech and Life Sciences are targeted.
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Founded Year | Domain | Location | |
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Venture capital firm focused on pre-seed and series A investments
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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 NuvoAir
| 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 - NuvoAir
| 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 |
Nuvoair Comparisons
Competitors of NuvoAir
NuvoAir 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 QuidelOrtho, BioSerenity, ProciseDx, Neurosynaptic and MedTel Healthcare, 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 |
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| domain | founded_year | HQ Location |
Provider of healthcare information services
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| domain | founded_year | HQ Location |
Provider of smart healthcare solutions for sleep and EEG lab management
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| domain | founded_year | HQ Location |
Point-of-care diagnostic devices for immunoassay tests are provided to clinicians.
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| domain | founded_year | HQ Location |
ICT-based products and solutions are developed for healthcare.
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| domain | founded_year | HQ Location |
Remote patient monitoring software is developed for healthcare providers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Nuvoair
Frequently Asked Questions about NuvoAir
When was NuvoAir founded?
NuvoAir was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is NuvoAir located?
NuvoAir is headquartered in Stockholm, Sweden.
Who is the current CEO of NuvoAir?
Lorenzo Consoli is the current CEO of NuvoAir. They have also founded this company.
Is NuvoAir a funded company?
NuvoAir is a funded company, having raised a total of $28.1M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $3M, raised on Mar 30, 2017.
What does NuvoAir do?
NuvoAir was founded in 2015 in Stockholm, Sweden, within the health technology sector. Clinical decision support tools for monitoring and diagnosing respiratory diseases are offered by the company. The Air Next spirometer is utilized to deliver insights on cystic fibrosis through patient inhalation data collected via smart inhalers and sensor-based devices. The Air MD software application is employed to examine patient medical data longitudinally, aiding clinical decision-making processes.
Who are the top competitors of NuvoAir?
NuvoAir's top competitors include MedTel Healthcare, QuidelOrtho and Neurosynaptic.
What products or services does NuvoAir offer?
NuvoAir offers Air Next Spirometer, Pulse Oximeter, and NuvoAir App.
Who are NuvoAir's investors?
NuvoAir has 7 investors. Key investors include Hikma Ventures, dRx Capital, Kaya, Amino Collective, and Spiltan Invest.
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