About Palette Life Sciences
Palette Life Sciences is a company based in Stockholm (Sweden) founded in 2016 was acquired by Teleflex Medical in July 2023.. Palette Life Sciences has raised $30 million across 3 funding rounds from investors including SVB, Teleflex Medical and Orbimed. Palette Life Sciences offers products and services including Barrigel and Deflux.
- Headquarter Stockholm, Sweden
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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
*********
- Legal Name Palette Life Sciences, 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
$30 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
SVB
& 3 more
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Employee Count
Employee Count
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Acquired by
Teleflex Medical
(Jul 26, 2023)
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Products & Services of Palette Life Sciences
Palette Life Sciences offers a comprehensive portfolio of products and services, including Barrigel and Deflux. 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.
Barrigel is utilized in medical applications as a trademark that was acquired by Teleflex
Deflux is employed in urological treatments and is recognized as a trademark under Teleflex
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Funding Insights of Palette Life Sciences
Palette Life Sciences has successfully raised a total of $30M across 3 strategic funding rounds. 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 3
- Last Round Last Round
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First Round
First Round
(21 Oct 2021)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Debt – Conventional - Palette Life Sciences | Valuation |
investors |
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| Oct, 2021 | Amount | Debt – Conventional - Palette Life Sciences | Valuation |
investors |
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| Oct, 2021 | Amount | Series B - Palette Life Sciences | Valuation | Schörling |
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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 Palette Life Sciences
Palette Life Sciences has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include SVB, Teleflex Medical and Orbimed. 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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Investments are made by OrbiMed in global healthcare innovations across biopharmaceuticals and related fields.
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Founded Year | Domain | Location | |
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Banking services are provided to innovative companies, investors, and individuals.
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Founded Year | Domain | Location | |
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Business consulting services are provided by Schörling in Sweden.
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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 Palette Life Sciences
| 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 - Palette Life Sciences
| 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 |
Palette Life Sciences Comparisons
Competitors of Palette Life Sciences
| 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 Palette Life Sciences
When was Palette Life Sciences founded?
Palette Life Sciences was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Where is Palette Life Sciences located?
Palette Life Sciences is headquartered in Stockholm, Sweden.
Is Palette Life Sciences a funded company?
Palette Life Sciences is a funded company, having raised a total of $30M across 3 funding rounds to date. The company's 1st funding round was a Series B of $30M, raised on Oct 21, 2021.
What does Palette Life Sciences do?
Palette Life Sciences was founded in 2016 and is based in Stockholm, Sweden. Operations center on the production of generic finished formulations within the pharmaceutical sector. Key products include Deflux for vesicoureteral reflux, Solesta for fecal incontinence, Barrigel for rectal wall protection during radiotherapy, and Lidbree. Focus areas encompass urology, urogynecology disorders, colorectal conditions, and interventional oncology procedures.
What products or services does Palette Life Sciences offer?
Palette Life Sciences offers Barrigel and Deflux.
Who are Palette Life Sciences's investors?
Palette Life Sciences has 4 investors. Key investors include SVB, Teleflex Medical, Orbimed, and Schörling.
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