Advitos GmbH

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Advitos GmbH - overview

Established

2004

Location

Munich, -, Germany

Primary Industry

Medical Devices & Equipment

About

Founded in 2005 and based in Munich, Germany, Advitos GmbH, formerly Hepa Wash GmbH, operates as a diverse and therapy-specific application option that supports the treatment of patients that undergo surgery in kidney, lungs, liver, and acid-base balance. In June 2021, Advitos GmbH raised EUR 20 million in venture funding led by Crédit Mutuel Equity and European Innovation Council. Bernhard Kreymann is the founder and CEO of the company. The company developed and markets the ADVOS multi-device (ADVanced Organ Support) to provide an integrated 4-in-1 multi-organ support therapy that enables simultaneous support of all three main detoxification organs – liver, lungs, and kidney – and corrects blood acid-base imbalances.


The solution allows fluid-based elimination of water-soluble toxins (kidney), protein-bound toxins (liver and kidney), and CO2 (lungs). The firm also offers conventional extracorporeal procedures such as mechanical ventilation, ECMO (extracorporeal membrane oxygenation), dialysis, and liver-assist therapy that supports the function of one or two organs. Advitos' other products include advos functionality, system peripherals, advos indications, advos-publications, and therapy centers. The organization plans to use the June 2021 funding to increase medical evidence, expand its commercialization internationally, and add additional therapy features to increase the ease of use of the ADVOS multi.


Current Investors

KfW Banking Group, Biomedica, Credit Mutuel Equity

Primary Industry

Medical Devices & Equipment

Sub Industries

Healthcare, Medical Devices & Equipment

Website

www.hepawash.com

Company Stage

Series F

Total Amount Raised

Subscriber access only

Advitos GmbH - financials

Fiscal Year EndedDec 31, 2010Dec 31, 2011Dec 31, 2012Dec 31, 2013Dec 31, 2014Dec 31, 2015Dec 31, 2016Dec 31, 2017Dec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023
Revenue (USD)--------------
% Revenue Growth (YoY)--------------
EBITDA (USD)--------------
Operating Income (USD)--------------
Operating Margin--------------
% EBITDA Margin--------------
NET Income (USD)(1,157,695.9)(1,712,753.7)(2,680,862.6)(3,013,159)(3,447,004.3)(3,894,853.6)(4,404,541.4)(4,713,796.1)(5,161,746)(4,912,030.3)(3,764,632.3)---
% Net Margin--------------

Advitos GmbH - employee data

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