No Isolation
- hard tech
- horizon europe
- woman founder
- sustainable development goals
- eit ecosystem
- consumer electronics
- eit health
- nordic rising star 2022
- silver economy
- mental health
- digital care
- eit supernovas
- medical robots
- collaborative robots
- product market fit (eit health)
- companion robots
- product market fit 2018 (eit health)
- product market fit 2017 (eit health)
Financials
Estimates*
EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Revenues | 2.6m | 2.4m | 5.4m | 6.4m | 4.5m | 4.5m |
% growth | - | (9 %) | 129 % | 18 % | (30 %) | - |
EBITDA | (2.4m) | (<1m) | <1m | (<1m) | (2.9m) | - |
% EBITDA margin | (92 %) | (41 %) | 4 % | (4 %) | (65 %) | - |
Profit | (2.6m) | (2.3m) | <1m | (2.0m) | (3.2m) | - |
% profit margin | (101 %) | (99 %) | 6 % | (31 %) | (72 %) | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | N/A | Angel | |
N/A | $1.0m | Angel | |
$300k | Seed | ||
N/A | $2.0m | Seed | |
NOK12.0m | Early VC | ||
N/A | €2.1m | Convertible | |
* | NOK40.0m | Late VC | |
€50.0k | Grant | ||
NOK90.0m | Late VC | ||
Total Funding | €20.8m |
Recent News about No Isolation
EditNo Isolation is a Norwegian startup founded in 2015 with a mission to reduce loneliness and social isolation through innovative technology and knowledge. The company operates in the health tech sector, focusing on creating solutions that provide security and wellbeing for individuals who are not tech-savvy, particularly those in social care.
No Isolation serves a diverse range of clients, including elderly individuals, children with long-term illnesses, and organizations that provide social care services. Their primary market is the social care and health tech industry, where they aim to address the widespread issue of loneliness, which can affect anyone regardless of age, demographics, or education.
The company has developed two main products: AV1 and KOMP. AV1 is a telepresence robot designed for children who are unable to attend school due to long-term illness. It acts as their eyes, ears, and voice in the classroom, allowing them to participate in school activities remotely. KOMP, on the other hand, is a communication device that enables elderly individuals to stay connected with their families through photos, messages, and video calls, even if they are not familiar with modern technology.
No Isolation's business model revolves around selling these products directly to consumers and organizations. They generate revenue through the sale of the devices and potentially through subscription services for ongoing support and updates.
In summary, No Isolation leverages technology to create meaningful connections and improve the quality of life for those affected by loneliness and social isolation. Their user-centric approach ensures that their products are both effective and easy to use, making a significant impact on their target market.
Keywords: Loneliness, Social Isolation, Health Tech, Telepresence Robot, Elderly Care, Social Care, Communication Tools, User-Centric, Norwegian Startup, Wellbeing.