About Sooma Oy
Sooma Oy is a company based in Helsinki (Finland) founded in 2013.. Sooma Oy has raised $6.58 million across 6 funding rounds from investors including European Union, Business Finland and Voima Ventures. Sooma Oy offers products and services including Sooma tDCS. Sooma Oy operates in a competitive market with competitors including Theranica, Freespira, Bone Health Technologies, Mainstay Medical and Cervel, among others.
- Headquarter Helsinki, Finland
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Sectors
TechnologyHealthcare
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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 Sooma Oy
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.58 M (USD)
in 6 rounds
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Latest Funding Round
$5.47 M (USD), Series B
Mar 13, 2024
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Investors
European Union
& 6 more
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Employee Count
Employee Count
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Products & Services of Sooma Oy
Sooma Oy offers a comprehensive portfolio of products and services, including Sooma tDCS. 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.
Noninvasive device for treating depression and chronic pain via electrical stimulation.
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Funding Insights of Sooma Oy
Sooma Oy has successfully raised a total of $6.58M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $5.47 million completed in March 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 Total Funding
- Total Rounds 6
- Last Round Series B — $5.5M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series B - Sooma Oy | Valuation | Voima Ventures | |
| Jun, 2022 | Amount | Grant - Sooma Oy | Valuation |
investors |
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| Jul, 2020 | Amount | Grant - Sooma Oy | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Sooma Oy
Sooma Oy has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union, Business Finland and Voima Ventures. 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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Funding is provided for deep tech ventures in Nordics.
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Founded Year | Domain | Location | |
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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Venture capital investment in early-stage technology, life science, and Health startups
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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 Sooma Oy
| 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 - Sooma Oy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Sooma Oy Comparisons
Competitors of Sooma Oy
Sooma Oy 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 Theranica, Freespira, Bone Health Technologies, Mainstay Medical and Cervel, 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 |
Therapeutic devices for pain management are developed and manufactured.
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| domain | founded_year | HQ Location |
Panic disorders are treated via breathing device and mobile app.
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| domain | founded_year | HQ Location |
Bone Health Technologies creates a wearable device to treat osteopenia and prevent osteoporosis.
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| domain | founded_year | HQ Location |
Provider of rehabilitation solutions for patients and doctors
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| domain | founded_year | HQ Location |
Treatment-resistant depression is addressed through non-invasive transcranial magnetic stimulation.
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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 Sooma Oy
Frequently Asked Questions about Sooma Oy
When was Sooma Oy founded?
Sooma Oy was founded in 2013 and raised its 1st funding round 4 years after it was founded.
Where is Sooma Oy located?
Sooma Oy is headquartered in Helsinki, Finland.
Is Sooma Oy a funded company?
Sooma Oy is a funded company, having raised a total of $6.58M across 6 funding rounds to date. The company's 1st funding round was a Grant of $1.81M, raised on May 13, 2017.
What does Sooma Oy do?
Sooma Oy is developing a non-invasive brain stimulation device, a treatment option for major neurological and psychiatric disorders. Initial product tDCS targets major depressive disorder and is CE Marked.
Who are the top competitors of Sooma Oy?
Sooma Oy's top competitors include Theranica, Mainstay Medical and ZetrOZ.
What products or services does Sooma Oy offer?
Sooma Oy offers Sooma tDCS.
Who are Sooma Oy's investors?
Sooma Oy has 7 investors. Key investors include European Union, Business Finland, Voima Ventures, Verge HealthTech Fund, and Stephen Industries.
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