Biotech
Neki boosts its momentum in 2020 and expects a turnover of 1 million in 2021
The Spanish company Neki specialized in elderly care, operates in Spain, Italy, Portugal and Sweden and plans to test the market in France and make the leap to Latin America.The GPS device developed by Neki can be purchased from $115 (€95) the most affordable and the price of the monitoring plans are from $14.5 (€12) per month, $36 (€30) per quarter and $120 (€99) per year.
Neki accelerates in the year of pandemic and expects to bill $1.21 million (€1 million) in 2021. The Spanish company has invoiced $600,000 (€500,000) in 2020, an increase of 13.6% over the previous year. The startup, which specializes in the care of the elderly, generated $533,000 (€440,000) in business in 2019 and $277,000 (€229,000) in 2018.
The company, based in Zaragoza (Aragon), has developed and markets GPS devices for the elderly. Its product allows the user’s relatives to follow his activity, locate him and help him if he suffers any mishap. In this way, the device is especially useful for the relatives of elderly people with degenerative diseases such as Alzheimer’s or at risk of becoming disoriented. “The elderly person has to wear the accessory on a daily basis and the relatives have at their disposal all the information through a mobile application,” Neki’s CEO, Rafael Ferrer, explained. These devices can be watches, belts, pendants, or key rings.
If you want to find more details about the biotech company Neki and its plans of further expanding its business download for free the born2Invest mobile app. Our companion app brings you the latest business news in the world so you can stay informed.
Neki invoiced $600,000 (€500,000) in 2020, 13.6% more than in 2019
Neki took its first steps in the children’s field, although quickly and on the recommendation of parents who used their service, they made the leap to the senior sector. “We have specialized in the care of the elderly because there is a clearer need,” Ferrer assured. The company started marketing its junior devices in 2015 and changed its target audience in 2016. Today, the startup sells its products in Spain, Italy, Portugal and Sweden, both to family members and care companies. The company plans to conduct a market test in France in 2021 and make the leap to Latin America. Neki’s CEO states that “our technologies are the successor to traditional telecare, we complement the service with our accessory.”
The startup has worked with more than 4,000 families, has registered more than fifty million monitored location points and offers its services to more than 130 residences. The device can be purchased from $115 (€95) the most affordable and the price of the monitoring plans are from $14.5 (€12) per month, $36 (€30) per quarter and $120 (€99) per year. Since its founding in late 2014, the company has raised more than €2.5 million through private investors, loans and its turnover.
The company closed its latest funding round of $278,000 (€230,000) in October 2019. Ferrer founded Neki together with Nacho Vilalta and Raúl Novoa. Ferrer and Vilalta hold majority equity, while investors include venture capital Ship2B.
__
(Featured image by RichardMc via Pixabay)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in PlantaDoce, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
-
Africa2 weeks ago
Treasury Strategizes Amid Market Calm as Bank Al-Maghrib Boosts Liquidity Support
-
Fintech3 days ago
Deutsche Bank Develops Layer 2 for Ethereum – With Extras for Authorities
-
Biotech1 week ago
Quirónsalud and Roche Farma Sign an Agreement to Promote Healthcare Innovation and Research
-
Business2 days ago
TopRanked.io Weekly Affiliate Digest: What’s Hot in Affiliate Marketing [1xBet Partner Program Review]