Ably Medical

Ably Medical

Revolutionizing the very base of patient recovery.

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DateInvestorsAmountRound
N/A

€0.0

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€0.0

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€0.0

Valuation: €0.0

125.8x EV/Revenue

-6.1x EV/EBITDA

round
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€0.0

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€0.0

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NOK30.7m

Valuation: NOK100m

6.0x EV/Revenue

Early VC
Total Funding000k

Financials

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Revenues, earnings & profits over time
EUR2018201920202021202220232024
Revenues0000000000000000000000000000
% growth1055 %(9 %)(7 %)1857 %(60 %)139 %34 %
EBITDA0000000000000000000000000000
% EBITDA margin(2064 %)(2822 %)(771 %)(136 %)(160 %)--
Profit0000000000000000000000000000
% profit margin(2090 %)(2889 %)(857 %)(139 %)(175 %)(46 %)(17 %)
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000

Source: Company filings or news article

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More about Ably Medical
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Ably Medical, founded in Ålesund, Norway, in late 2015, is a medical technology company focused on addressing the mounting pressures within the healthcare sector, such as nurse shortages and increasing patient numbers. The company was established by Kjell-Are Furnes, Arve Voldsund, Jørn Refsnæs, and Cato Bjørkli. Initially, the company's goal was to revolutionize the traditional hospital bed. However, a breakthrough in 2020 with their no-touch monitoring technology led to a strategic pivot, resulting in the development of their first product, LYNG.

The core of Ably Medical's offering is the LYNG system, a non-intrusive patient monitoring solution. This system utilizes a sensor mat placed under the bed mattress to continuously measure vital signs including heart rate, respiration rate, and movement without any direct patient contact. LYNG also functions as a connectivity hub, integrating with third-party devices to provide a comprehensive view of other vitals like temperature, blood pressure, and blood oxygen levels. This B2B solution serves hospitals, nursing homes, and home care environments. The business model aims to reduce the workload for nursing staff by automating routine monitoring and documentation, which in turn helps to prevent adverse events like patient falls and pressure ulcers. By providing real-time data and alerts, LYNG enables early intervention, improves operational efficiency, and supports new care models like hospital-at-home services.

The company's journey has been marked by significant milestones, including a 2018 funding round that raised $4 million from Norwegian angel investors. Another funding round was completed in 2021 with participation from investors like Ronja Capital, Kongsberg Innovation, and the Italian hospital furniture supplier, Malvestio. Ably Medical has actively collaborated with hospitals in Norway, Germany, and Canada to co-create its technologies. The company is pursuing Class I certification for LYNG in 2024, with plans for a commercial launch the same year, and aims for a more advanced Class IIb certification between 2025 and 2026.

Keywords: patient monitoring, no-touch vitals, healthcare technology, medical device, nurse workflow optimization, fall prevention, pressure ulcer prevention, remote patient monitoring, hospital-at-home, clinical decision support, vital signs automation, predictive healthcare, continuous monitoring, healthcare efficiency, Scandinavian design, medtech, smart bed technology, real-time health data, patient safety, nursing support

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