About Practio
Practio is a company based in Copenhagen (Denmark) founded in 2014. It operates as a B2C. Practio has raised $9.89 million across 4 funding rounds. The company has 232 employees as of December 31, 2021. Practio operates in a competitive market with competitors including Apoteka, Webapoteket.dk, Mecindo, Apopro and Apo IT, among others.
- Headquarter Copenhagen, Denmark
- Employees 232 as on 31 Dec, 2021
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name Practio Aps
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.89 M (USD)
in 4 rounds
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Latest Funding Round
$8.22 M (USD), Series A
Jun 10, 2020
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Investors
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Employee Count
232
as on Dec 31, 2021
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Funding Insights of Practio
Practio has successfully raised a total of $9.89M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $8.22 million completed in June 2020. 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 — $8.2M
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First Round
First Round
(21 Aug 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Series A - Practio | Valuation |
investors |
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| Jun, 2017 | Amount | Seed - Practio | Valuation |
investors |
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| Apr, 2016 | Amount | Seed - Practio | Valuation |
investors |
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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 |
Investments & Acquisitions by Practio
| 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 - Practio
| 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 |
Practio Comparisons
Competitors of Practio
Practio 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 Apoteka, Webapoteket.dk, Mecindo, Apopro and Apo IT, 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 |
An online platform for medicine purchases is operated.
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| domain | founded_year | HQ Location |
Online platform for the delivery of healthcare and personal care products
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| domain | founded_year | HQ Location |
Prescription and OTC products are retailed online by Danish pharmacy.
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| domain | founded_year | HQ Location |
Online pharmacy providing medicines, health products, and fast delivery services.
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| domain | founded_year | HQ Location |
Online pharmacy focusing on the sale of OTC and prescription medicines
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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 Practio
When was Practio founded?
Practio was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Practio located?
Practio is headquartered in Copenhagen, Denmark.
Is Practio a funded company?
Practio is a funded company, having raised a total of $9.89M across 4 funding rounds to date. The company's 1st funding round was a Seed of $61.3K, raised on Aug 21, 2015.
How many employees does Practio have?
As of Dec 31, 2021, the latest employee count at Practio is 232.
What does Practio do?
Practio, founded in 2014 in Copenhagen, Denmark, focuses on leveraging cutting-edge technology, advancing health solutions through tech, health applications, and medication management. A mobile application offering reminders and periodic delivery for medicines. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Who are the top competitors of Practio?
Practio's top competitors include Webapoteket.dk, Apoteka and Apo IT.
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