About WearOptimo
WearOptimo is a company based in Brisbane (Australia) founded in 2018 by Mark Kendall.. WearOptimo has raised $5 million across 1 funding round. WearOptimo offers products and services including Hydration Microwearable Sensor and Smart App. WearOptimo operates in a competitive market with competitors including iRhythm Tech, AliveCor, Imperative Care, Biotricity and Cardiotrack, among others.
- Headquarter Brisbane, Australia
- Founders Mark Kendall
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Sectors
HealthcareTechnology
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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 Wearoptimo Pty Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5 M (USD)
in 1 rounds
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Latest Funding Round
$5 M (USD), Series A
Nov 11, 2022
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Investors
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Employee Count
Employee Count
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Products & Services of WearOptimo
WearOptimo offers a comprehensive portfolio of products and services, including Hydration Microwearable Sensor and Smart App. 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.
Monitors body hydration via bio-signals in real time
Delivers analytics and alerts for hydration metrics
Funding Insights of WearOptimo
WearOptimo has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Series A round of $5 million completed in November 2022. 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 1
- Last Round Series A — $5.0M
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First Round
First Round
(11 Nov 2022)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2022 | Amount | Series A - WearOptimo | 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 WearOptimo
| 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 - WearOptimo
| 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 |
Wearoptimo Comparisons
Competitors of WearOptimo
WearOptimo 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 iRhythm Tech, AliveCor, Imperative Care, Biotricity and Cardiotrack, 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 |
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| domain | founded_year | HQ Location |
Cloud-based ambulatory ECG monitors for cardiac arrhythmia diagnosis are provided.
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| domain | founded_year | HQ Location |
Cardiac monitoring devices and applications are provided for heart health.
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| domain | founded_year | HQ Location |
Access catheters for neurovascular stroke treatment are provided.
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| domain | founded_year | HQ Location |
Developer of medical remote monitoring solutions that help prevent and manage chronic diseases
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| domain | founded_year | HQ Location |
AI-based EGC data capture and analysis platform
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| domain | founded_year | HQ Location |
Wearable patch defibrillators are developed for sudden cardiac arrest treatment.
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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 Wearoptimo
Frequently Asked Questions about WearOptimo
When was WearOptimo founded?
WearOptimo was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is WearOptimo located?
WearOptimo is headquartered in Brisbane, Australia. It is registered at Brisbane, Queensland, Australia.
Who is the current CEO of WearOptimo?
Mark Kendall is the current CEO of WearOptimo. They have also founded this company.
Is WearOptimo a funded company?
WearOptimo is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Series A of $5M, raised on Nov 11, 2022.
What does WearOptimo do?
WearOptimo was founded in 2018 in Brisbane, Australia, within the wearable technology sector. Sensors are designed to capture bio-signals for continuous physiological monitoring. Operations center on hydration tracking via microwearable devices. Machine learning is integrated to analyze signals, yielding insights for performance adjustments and health issue identification. Data collection is maintained as accurate and user-accessible.
Who are the top competitors of WearOptimo?
WearOptimo's top competitors include AliveCor, iRhythm Tech and Imperative Care.
What products or services does WearOptimo offer?
WearOptimo offers Hydration Microwearable Sensor and Smart App.