About Vara
Vara is a company based in Berlin (Germany) founded in 2016 by Stefan Bunk.. Vara has raised $20.33 million across 3 funding rounds from investors including Plug and Play Tech Center, IBB Ventures and FJH die Steckverbinder. The company has 26 employees as of December 31, 2021. Vara offers products and services including Vara Platform. Vara operates in a competitive market with competitors including Perspectum, Qure.ai, IXICO, Zebra Medical Vision and Deeptek, among others.
- Headquarter Berlin, Germany
- Employees 26 as on 31 Dec, 2021
- Founders Stefan Bunk
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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
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- Legal Name Vara Ai India Private Limited
- Date of Incorporation 21 Jun, 2024
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20.33 M (USD)
in 3 rounds
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Latest Funding Round
$8.9 M (USD), Series A
Oct 29, 2024
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Investors
Plug and Play Tech Center
& 10 more
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Employee Count
26
as on Dec 31, 2021
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Products & Services of Vara
Vara offers a comprehensive portfolio of products and services, including Vara Platform. 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.
AI-driven tool for enhancing breast cancer screening processes
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Funding Insights of Vara
Vara has successfully raised a total of $20.33M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $8.9 million completed in October 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 3
- Last Round Series A — $8.9M
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First Round
First Round
(02 Jun 2020)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series A - Vara | Valuation | IBB Ventures , FJH die Steckverbinder |
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| Oct, 2022 | Amount | Series A - Vara | Valuation | VI Partners | |
| Jun, 2020 | Amount | Series A - Vara | Valuation | OMERS |
| 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 Vara
Vara has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Plug and Play Tech Center, IBB Ventures and FJH die Steckverbinder. 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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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Early-stage venture capital is invested in US and Europe.
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Founded Year | Domain | Location | |
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Early-stage tech & life sciences focused VC firm investing in geographies such as Europe
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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 Vara
| 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 - Vara
| 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 |
Vara Comparisons
Competitors of Vara
Vara 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 Perspectum, Qure.ai, IXICO, Zebra Medical Vision and Deeptek, 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.
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|---|---|---|---|---|
| domain | founded_year | HQ Location |
Precision medicine software for liver disease diagnosis is offered.
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| domain | founded_year | HQ Location |
AI-powered solutions for medical imaging diagnostics
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| domain | founded_year | HQ Location |
AI-based medical image management and analysis solutions for healthcare organizations
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| domain | founded_year | HQ Location |
Provider of AI and SaaS-based medical image based decision support tools
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| domain | founded_year | HQ Location |
AI-augmented diagnostic tools for radiology imaging are developed.
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| domain | founded_year | HQ Location |
AI-driven solutions for medical diagnostic imaging are developed.
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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 Vara
Frequently Asked Questions about Vara
When was Vara founded?
Vara was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is Vara located?
Vara is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Is Vara a funded company?
Vara is a funded company, having raised a total of $20.33M across 3 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on Jun 02, 2020.
How many employees does Vara have?
As of Dec 31, 2021, the latest employee count at Vara is 26.
What does Vara do?
Provider of AI-based breast cancer screening software for clinics. It detects normal mammograms and flags according to their severity. It develops reports according to the findings of the platform. It can be integrated with RIS and PACS software.
Who are the top competitors of Vara?
Vara's top competitors include Perspectum, Qure.ai and Deeptek.
What products or services does Vara offer?
Vara offers Vara Platform.
Who are Vara's investors?
Vara has 11 investors. Key investors include Plug and Play Tech Center, IBB Ventures, FJH die Steckverbinder, VIP Partners, and Med360.
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