SanoPass
A platform that connects, digitizes and customizes the health benefits offered by companies.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
| EUR | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 4601 % | 69 % | 395 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (1199 %) | (56 %) | (177 %) | (50 %) |
| Profit | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (1244 %) | (59 %) | (185 %) | (57 %) |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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SanoPass operates as a digital platform in Romania, providing integrated access to medical, wellness, and fitness services. The company was established in 2019 by Andrei Vasile and Mihai Vadan, with Delia Iliasa later joining the management team. Andrei Vasile's background in developing employee benefit programs at companies like Edenred and UniCredit informed the initial business-to-business focus of SanoPass.
The company's core offering is a subscription-based service that aggregates a wide network of healthcare and fitness providers. This model serves both individual consumers and corporate clients, with a particular emphasis on small to medium-sized enterprises (SMEs) seeking employee benefit packages. Revenue is generated through these monthly or annual subscriptions, which start from around 8 EUR per month for a basic package. The platform provides users with access to over 1,200 private clinics and more than 200 fitness centers. Services accessible through the pass include medical consultations across various specialties, diagnostics, lab tests, dental care, nutrition, psychotherapy, and fitness classes.
Significant milestones in the company's history include several successful funding rounds. In 2020, SanoPass secured a seed investment of €400,000 from investors including Cleverage Venture Capital and Founders Bridge. This was followed by another round in March 2021, which raised €850,000. A key development occurred in September 2022, when MedLife, a major private medical services provider in Romania, acquired a majority stake in SanoPass. Following the acquisition, SanoPass continues to operate as an independent business unit, with its founding team remaining to guide development. In October 2024, Ioana Moldovan, previously a Corporate Sales Manager at MedLife, was appointed as the new General Manager, while founder Andrei Vasile transitioned to the role of Chairman of the Board of Directors.
Keywords: healthtech, medical subscriptions, employee benefits, wellness platform, fitness network, corporate wellness, preventive healthcare, digital health, Romanian startup, MedLife, medical services, gym access, telemedicine, health insurance alternative, B2B healthcare, SME benefits, Andrei Vasile, Cleverage Venture Capital, corporate health, wellness services