About OnEx
OnEx is a company based in Abu Dhabi (United Arab Emirates) founded in 1995.. OnEx has raised $1.2 million across 1 funding round from investors including Aumet, Salica Investments and Techstars. OnEx operates in a competitive market with competitors including MatrixCare, Actium Health, Swoop, Doctor.com and SocialClimb, among others.
- Headquarter Abu Dhabi, United Arab Emirates
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Sectors
HealthcareTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Frostate S.R.O.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.2 M (USD)
in 1 rounds
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Latest Funding Round
$1.2 M (USD), Unspecified
Jun 14, 2023
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Investors
Aumet
& 4 more
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Employee Count
Employee Count
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Funding Insights of OnEx
OnEx has successfully raised a total of $1.2M through 1 strategic funding round. The most recent funding activity was a Unspecified round of $1.2 million completed in June 2023. 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 Unspecified — $1.2M
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First Round
First Round
(14 Jun 2023)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Unspecified - OnEx | Valuation | Salica Investments |
| 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 OnEx
OnEx has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Aumet, Salica Investments and Techstars. 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 services in finance, healthcare, sustainability, and productivity sectors.
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Founded Year | Domain | Location | |
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Startups are accelerated globally without sector restrictions through structured programs.
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Founded Year | Domain | Location | |
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Provider of B2B transaction management solutions for healthcare companies
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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 OnEx
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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.
|
2016 |
Financial Statements - OnEx
| 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 |
Onex Comparisons
Competitors of OnEx
OnEx 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 MatrixCare, Actium Health, Swoop, Doctor.com and SocialClimb, 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 |
Web-based software for long term care, senior living, and assisted living
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| domain | founded_year | HQ Location |
AI-powered marketing solutions are delivered for healthcare providers.
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| domain | founded_year | HQ Location |
AI-based advertising solutions for pharmaceuticals are offered by Swoop.
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| domain | founded_year | HQ Location |
Online visibility and reputation for healthcare providers are optimized.
|
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| domain | founded_year | HQ Location |
Reputation management solution for healthcare providers
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| domain | founded_year | HQ Location |
Healthcare information and content are delivered through an online platform.
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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 OnEx
When was OnEx founded?
OnEx was founded in 1995 and raised its 1st funding round 28 years after it was founded.
Where is OnEx located?
OnEx is headquartered in Abu Dhabi, United Arab Emirates. It is registered at Abu Dhabi, Abu Dhabi, United Arab Emirates.
Is OnEx a funded company?
OnEx is a funded company, having raised a total of $1.2M across 1 funding round to date. The company's 1st funding round was a Unspecified of $1.2M, raised on Jun 14, 2023.
What does OnEx do?
OnEx was founded in 1995 and is based in Abu Dhabi, United Arab Emirates. Software has been developed by the company to handle product supply and procurement in the medical sector. Distributors are supported via an integrated dashboard, tools for managing marketing materials, and report generation features. Operations focus on streamlining inventory and procurement processes for medical products.
Who are the top competitors of OnEx?
OnEx's top competitors include Actium Health, MatrixCare and Fingerpaint.
Who are OnEx's investors?
OnEx has 5 investors. Key investors include Aumet, Salica Investments, Techstars, PAX Momentum, and Hvb88 angels.
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