M
Mendor
Diabetes management products
About Mendor
Mendor Oy, a Finnish health technology company established in 2006, focused on the diabetes care market. The company was founded by a group of five individuals: Kristian Ranta, Jukka Planman, Tuomas Planman, Sebastian Lindholm, and Joona Pylkäs. The founders' backgrounds in technology and business spurred their mission to simplify daily diabetes management. Kristian Ranta, who served as CEO, has a history of entrepreneurship, having previously co-founded the band Norther before venturing into the health-tech sector. This diverse experience shaped the company's approach to product development.
Mendor's core business centered on designing and manufacturing solutions for glucose monitoring. Its target clients were individuals with diabetes, for whom the company aimed to provide more convenient and user-friendly tools. The company's flagship product was the Mendor Discreet, an all-in-one blood glucose meter. This device integrated a lancing pen, a test strip drum with 25 strips, and a meter into a single, pen-sized unit, eliminating the need for separate components and a carrying case. This design was intended to make blood glucose testing quicker and more subtle for the user. Another key offering was the Mendor Balance software, a cloud-based service that allowed users and healthcare providers to analyze blood glucose data, track trends, and share information to improve treatment plans. The business model involved the sale of these physical devices and potentially associated software or data services to empower patients in their daily health routines. In a significant development, Mendor was acquired by the Chinese firm Sinocare in September 2016, a move that marked the end of its journey as an independent Finnish startup and integrated its technology into a larger global organization.
Source: Dealroom company dataAt a glance
- Founded
- 2006
- Headquarters
- Helsinki, Finland
- Sector
- Health Tech & Medtech
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A9 investors entered at this stage
Risto Siilasmaa
Lifeline Ventures
Finnvera Venture Capital
Tesi
Ilmarinen
Innovestor
First Fellow Partners
Morrow Ventures
Kim Groop
Series B and later1 investor entered at this stage
IPF Partners
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
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