About Oxipit
Oxipit is a company based in Vilnius (Lithuania) founded in 2017 by Naglis Ramanauskas, Darius Barusauskas, Jogundas Armaitis, Jonas Bialopetravicius, and Gediminas Peksys.. Oxipit has raised $6.69 million across 4 funding rounds from investors including EIT Health, Taiwania Capital and Practica Capital. Oxipit operates in a competitive market with competitors including Perspectum, Qure.ai, Lunit, IXICO and Zebra Medical Vision, among others.
- Headquarter Vilnius, Lithuania
- Founders Naglis Ramanauskas, Darius Barusauskas, Jogundas Armaitis, Jonas Bialopetravicius, Gediminas Peksys
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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 Formspree, 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
$6.69 M (USD)
in 4 rounds
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Latest Funding Round
$4.9 M (USD), Series A
Jan 20, 2023
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Investors
EIT Health
& 4 more
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Employee Count
Employee Count
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Funding Insights of Oxipit
Oxipit has successfully raised a total of $6.69M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $4.9 million completed in January 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 4
- Last Round Series A — $4.9M
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First Round
First Round
(25 Jun 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Series A - Oxipit | Valuation | Taiwania Capital , Practica Capital |
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| Jul, 2019 | Amount | Seed - Oxipit | Valuation | Practica Capital , CoInvest Capital |
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| Nov, 2018 | Amount | Grant - Oxipit | Valuation |
investors |
| 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 Oxipit
Oxipit has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include EIT Health, Taiwania Capital and Practica Capital. 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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VC firm focusing on technology companies
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Founded Year | Domain | Location | |
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Seed to growth VC firm funding companies in the Baltics
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Founded Year | Domain | Location | |
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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 Oxipit
| 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 - Oxipit
| 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 |
Oxipit Comparisons
Competitors of Oxipit
Oxipit 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 Perspectum, Qure.ai, Lunit, IXICO and Zebra Medical Vision, 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.
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| domain | founded_year | HQ Location |
Precision medicine software for liver disease diagnosis is offered.
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| domain | founded_year | HQ Location |
AI-powered solutions for medical imaging diagnostics
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| domain | founded_year | HQ Location |
Artificial intelligence solutions for cancer detection and treatment are developed.
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| domain | founded_year | HQ Location |
AI-based medical image management and analysis solutions for healthcare organizations
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| domain | founded_year | HQ Location |
Provider of AI and SaaS-based medical image based decision support tools
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| domain | founded_year | HQ Location |
AI-augmented diagnostic tools for radiology imaging are developed.
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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 Oxipit
Frequently Asked Questions about Oxipit
When was Oxipit founded?
Oxipit was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Oxipit located?
Oxipit is headquartered in Vilnius, Lithuania.
Who is the current CEO of Oxipit?
Gediminas Peksys is the current CEO of Oxipit. They have also founded this company.
Is Oxipit a funded company?
Oxipit is a funded company, having raised a total of $6.69M across 4 funding rounds to date.
What does Oxipit do?
Oxipit was founded in 2017 in Vilnius, Lithuania, within the healthcare technology sector. Artificial intelligence solutions for medical image analysis are provided to support doctors. Key offerings include ChestGlass for radiograph comparison and anomaly detection, ChestEye as a computer-aided diagnosis tool identifying enlarged heart, edema, pleural effusion, pulmonary emphysema, and subcutaneous emphysema, and QEye for additional imaging needs. Operations emphasize diagnostic accuracy in radiology.
Who are the top competitors of Oxipit?
Oxipit's top competitors include Perspectum, Qure.ai and Deeptek.
Who are Oxipit's investors?
Oxipit has 5 investors. Key investors include EIT Health, Taiwania Capital, Practica Capital, CoInvest Capital, and Lithuanian Business Angel Network.
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