About PLAIO
PLAIO is a Healthcare company based in Reykjavik (Iceland) founded in 2021. AI-based planning solutions are provided for pharmaceutical industries. PLAIO has raised $7.09 million across 3 funding rounds from investors including Kvika, Rannis and Frumtak Ventures. PLAIO offers products and services including Demand Planning, Manufacturing Planning, Purchase Planning, and PLAIO Coplanner. Its focus areas include HealthTech, Life Sciences Tech, Manufacturing and AI Based.
Company details
PLAIO was founded in 2021 and is headquartered in Reykjavik, Iceland. AI-driven planning solutions are offered by the company to the pharmaceutical sector, focusing on operational efficiency in manufacturing facilities. Three core modules are included: demand planning, manufacturing planning, and purchase planning. These tools are designed to facilitate on-time production and resource management across pharmaceutical operations.
- Total Equity Funding$7.09M (USD)
in 3 rounds
- Latest Funding Round$4.71M (USD), Series A
Aug 2024
- InvestorsKvika
& 3 more
Products & Services of PLAIO
PLAIO offers a comprehensive portfolio of products and services, including Demand Planning, Manufacturing Planning, Purchase Planning, and PLAIO Coplanner.
Centralizes market demand for accurate forecasting and analysis.
Optimizes production schedules and capacity estimation processes.
Manages inventory and procurement for improved service levels.
Offers AI-based assistance for supply chain decisions.
Funding Insights of PLAIO
PLAIO has successfully raised a total of $7.09M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $4.71 million completed in August 2024. 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 $7.09M
- Total Rounds 3
- Last Round Series A — $4.71M
- First Round $2.38M
(Jun 2021)
- Investors Count 4
All 3 funding rounds of PLAIO with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2024 | $4.71M | Series A | – | Frumtak Ventures, Kvika | |
| Jun 2023 | Seed | – | Rannis | – | |
| Jun 2021 | $2.38M | Seed | – | – | – |
4 investors in total: 4 institutional.
Investors in PLAIO
PLAIO has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Kvika, Rannis and Frumtak Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are made in innovative Icelandic startups. | frumtak.is | Reykjavík, Iceland | ||
Commercial banking services are provided in Reykjavik, Iceland. | 1999 | kvika.is | Reykjavik, Iceland | |
Production of vitamins, minerals, and food supplements in the Czech Republic. | vitar.eu | |||
Educational development in Iceland is advanced by this government-backed entity. | 2003 | rannis.is | Reykjavik, Iceland |
Investor details for PLAIO
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of PLAIO
6 people are tracked at PLAIO (5 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Manuela Magnúsdóttir | VP Of Products | Leadership |
Christian Hartvig | Head of Business Development Europe | Leadership |
Johann Gudbjargarson | Founder & CEO | Leadership |
Ólafur Pálsson | Vice President of Global Business Development | Leadership |
Hildur Rún Guðjónsdóttir | VP of Customer Success | Leadership |
Hlynur Stefánsson | Operations Research | Team |
Complete people profiles for PLAIO
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
- Board tenure
- Professional contacts
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Timeline of PLAIO
3 dated milestones of PLAIO across 3 years, from founding to its latest funding, stage changes and deals.
- Founded PLAIO is founded.
- Funding First funding round of $2.4M.
- Funding Latest funding round, Series A, of $4.7M.
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Related news about Plaio
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Frequently Asked Questions about PLAIO
PLAIO was founded in 2021.
PLAIO is headquartered in Reykjavik, Iceland.
PLAIO is a funded company, having raised a total of $7.09M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.38M, raised on Jun 2021.
PLAIO was founded in 2021 and is headquartered in Reykjavik, Iceland. AI-driven planning solutions are offered by the company to the pharmaceutical sector, focusing on operational efficiency in manufacturing facilities. Three core modules are included: demand planning, manufacturing planning, and purchase planning. These tools are designed to facilitate on-time production and resource management across pharmaceutical operations.
PLAIO offers Demand Planning, Manufacturing Planning, Purchase Planning, and PLAIO Coplanner.
PLAIO has 4 investors. Key investors include Kvika, Rannis, Frumtak Ventures, and VITAR.