Popit
Latest round
- Seed
Last raised
- Aug 2017
Total raised
- $1.4M
Investors
- 3
About Popit
Popit Ltd.Founded in 2015, Popit Ltd. is an Espoo, Finland-based company that specializes in medication management solutions. The company was co-founded by Mikko Törmä, Teemu Piirainen, and Timo Heikkilä, who currently serves as CEO.Popit Ltd. specializes in a medication management solution aimed at optimizing medication adherence for users. Their primary offering is the Popit smart pill tracking solution, developed in collaboration with healthcare professionals, which transcends traditional pill reminder apps. The product simplifies the process of tracking medication intake through a user-friendly smartphone application that enables users to monitor their medication schedules and review their adherence history via a calendar view. The end-users range from individual consumers managing their health to caregivers ensuring their loved ones adhere to prescribed regimens.Popit Ltd. generates revenue through a subscription-based model for its medication management solution. In the most recent year, revenue amounted to EUR 228,480. The firm reported an EBITDA of EUR -94,182. Clients typically include individual consumers who subscribe to the service for a monthly or annual fee, accessing the app’s full features, including tracking, reminders, and comprehensive medication history. Additionally, the company may engage in partnerships with healthcare providers and institutions that utilize their product to enhance patient adherence, creating a direct-to-consumer channel as well as a B2B framework.Popit Ltd. aims to expand its product offerings and enhance its market presence.2 million to further develop its medication management solutions. Future products are anticipated to include new features and tools aimed at improving user engagement and adherence metrics. Additionally, Popit plans to target expansion into new geographic markets, focusing on regions across Europe and North America by the end of 2023, to reach a broader customer base and address the medication adherence challenges highlighted by health authorities.
Who invested in Popit
3 investors across 1 round
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Funding rounds
Seed
Aug 23, 2017
Amount
$1.4M
Investors
Questions about Popit
Who invested in Popit?
Popit has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Popit raised?
Popit has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Popit last raise money?
Popit's most recent round on record is a Seed, in Aug 2017.
What does Popit do?
Popit is a medical devices & equipment company.
Where is Popit headquartered?
Popit is headquartered in Espoo, Finland.
Which VCs invest in companies like Popit?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Balderton Capital back medical devices & equipment companies at Popit's stage. Their profiles are linked below.
VCs backing medical devices & equipment startups at Seed
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