RemovAid

Oslo, Norway Founded: 2012 • Age: 14 yrs Acquired By Lifecare
Medical devices for subdermal implant removal are developed.
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About RemovAid

RemovAid is a company based in Oslo (Norway) founded in 2012 by Marte Bratlie was acquired by Lifecare in April 2024.. The company has 5 employees as of December 31, 2021. RemovAid offers products and services including RemovAid Device. RemovAid operates in a competitive market with competitors including Daré Bioscience, Aspivix, Femasys, Adiana and Uteron Pharma, among others.

  • Headquarter Oslo, Norway
  • Employees 5 as on 31 Dec, 2021
  • Founders Marte Bratlie
  • Sectors
    Healthcare
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Removaid As
Operational Areas
Healthcare → Health Technology & Digital Health
Key Metrics
  • Annual Revenue
    $123.06 K (USD)
    0
    as on Dec 31, 2018
  • Net Profit
    $-1.09 M (USD)
    -145
    as on Dec 31, 2021
  • EBITDA
    $-1.1 M (USD)
    -139
    as on Dec 31, 2021
  • Latest Funding Round
    $116.87 K (USD), Grant

    Dec 12, 2018

  • Investors
    DNB

    & 1 more

  • Employee Count
    5

    as on Dec 31, 2021

  • Acquired by
    Lifecare

    (Apr 29, 2024)

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Products & Services of RemovAid

RemovAid offers a comprehensive portfolio of products and services, including RemovAid Device. 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.

Primary

Gentle, quick, needle-free tool for contraceptive implant removal.

Funding Insights of RemovAid

  • Total Funding
  • Total Rounds 1
  • Last Round Grant — $116,871
  • First Round

    (12 Dec 2018)

  • Investors Count 1
Date Amount Transaction Name Valuation Lead Investors Investors
Dec, 2018 Amount Grant - RemovAid Valuation

investors

DNB
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in RemovAid

RemovAid has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include DNB and Lifecare. 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.

All
Institutional
Investor Description Founded Year Domain Location
Commercial banking services are provided to individuals and corporations.
Founded Year Domain Location
Invasive app-based smart sensors for glucose monitoring are provided.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by RemovAid

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - RemovAid

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Removaid Comparisons

Employees
+
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Competitors of RemovAid

RemovAid 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 Daré Bioscience, Aspivix, Femasys, Adiana and Uteron Pharma, 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
Non-hormonal pharmaceutical products for female contraceptives are developed.
domain founded_year HQ Location
A next-generation suction-based cervical device for gynecology is provided.
domain founded_year HQ Location
Medical devices for women's healthcare are developed and provided.
domain founded_year HQ Location
Transcervical sterilization systems for permanent birth control are developed.
domain founded_year HQ Location
Develops products dedicated to female healthcare solutions.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Removaid

Frequently Asked Questions about RemovAid

When was RemovAid founded?

RemovAid was founded in 2012 and raised its 1st funding round 6 years after it was founded.

Where is RemovAid located?

RemovAid is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.

Who is the current CEO of RemovAid?

Kristin Sandereid is the current CEO of RemovAid.

How many employees does RemovAid have?

As of Dec 31, 2021, the latest employee count at RemovAid is 5.

What is the annual revenue of RemovAid?

Annual revenue of RemovAid is $123.06K as on Dec 31, 2018.

What does RemovAid do?

RemovAid was founded in 2012 in Oslo, Norway, within the medical devices sector. Subdermal implants are addressed through the companys operations, which focus on proprietary patented technology for skin fixation, incision, and extraction. Devices for implant removal are provided to support clinical procedures. The ACCESS-CI product, intended as a contraceptive implant for womens birth control, is slated for launch in the near term.

Who are the top competitors of RemovAid?

RemovAid's top competitors include Daré Bioscience, Femasys and Aspivix.

What products or services does RemovAid offer?

RemovAid offers RemovAid Device.

Who are RemovAid's investors?

RemovAid has 2 investors. Key investors include DNB, and Lifecare.

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