# Now Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/now-technologies

- Industry: Medical Devices & Equipment
- Headquarters: Budapest, Hungary
- Website: www.nowtech.hu
- Total disclosed funding: $1.6M
- Latest round: Seed (Aug 27, 2019)
- Investors on record: 1

## About

Based in Hungary, Now Technologies specializes in advanced assistive technology solutions, providing innovative products that enhance mobility for individuals with disabilities.Now Technologies Ltd. was founded in 2014 and is headquartered in Budapest, Hungary. The company focuses on developing assistive devices, including smart wheelchair controllers. In September 2022, the company was acquired by Sunrise Medical (US) LLC, which is backed by Nordic Capital. The firm has completed a total of 4 deals, with the most recent funding round being a Seed round where they raised EUR 0.620 mn from Hiventures, bringing the total amount raised to EUR 0.620 mn.Now Technologies specializes in advanced assistive technology solutions, primarily focused on smart wheelchair controllers. Their flagship product, the Switch-It® Vigo Head Drive Kit, enables users with mobility impairments to control their wheelchairs and computers intuitively. This product is designed to improve independence and ease of use for individuals with disabilities, rehabilitation facilities, and caregivers, and is marketed across North America and Europe, targeting both private consumers and healthcare providers.Now Technologies generated revenue of EUR 1,925,847.50 in 2023, with an EBITDA of EUR 855,467. The company operates through direct sales of its assistive devices, primarily the Switch-It® Vigo Head Drive Kit, engaging in B2B transactions with healthcare organizations as well as direct-to-consumer sales.Following its acquisition by Sunrise Medical (US) LLC in September 2022, Now Technologies plans to leverage the resources and innovation capabilities of its new parent company to enhance its product line. The firm aims to develop new assistive technology products and expand its market presence in North America and Europe, focusing on increasing accessibility for individuals with disabilities. The recent funding will support the development of new products and the enhancement of existing ones, ensuring that they meet the evolving needs of users.

## Funding rounds

- Seed, Aug 27, 2019, $0.7M — Hiventures
- Seed, Jul 13, 2017, $0.9M — Hiventures

## Investors

- Hiventures (https://capitalatlas.ai/funds/hiventures) — Seed