Minuendo AS

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Minuendo AS - overview

Established

2018

Location

Oslo, -, Norway

Primary Industry

Consumer Products

About

Based in Norway, Minuendo AS is a provider of innovative hearing protection solutions, specializing in lossless earplugs designed to preserve sound quality while reducing harmful noise levels. Minuendo AS, founded in 2018 in Oslo, Norway, focuses on developing advanced hearing protection products. The company has successfully completed 4 deals, with its most recent funding round in June 2022, raising NOK 50 million from investors including DSD, Link Capital, MP Pensjon, and Wallcross. The leadership team includes CEO Stian Aldrin, who is among the co-founders Håkon Aurvik and Olav Kvaløy.


Minuendo specializes in advanced hearing protection solutions, primarily through its flagship product, lossless earplugs. These earplugs are engineered to reduce harmful sound levels while preserving sound quality, making them particularly appealing to musicians and live music enthusiasts. The company's innovative Smart Alert solution further enhances hearing conservation by automating exposure management in loud environments. Minuendo's products cater to a diverse client base that includes professional musicians, event organizers, and individuals attending concerts or working in noisy settings, targeting major urban music markets across Europe and North America.


In the most recent fiscal year of 2023, Minuendo generated revenue of NOK 994,317. 3, while reporting an EBITDA of NOK -2,035,671. 7. Minuendo AS plans to utilize the NOK 50 million raised in June 2022 to expand its product line and market reach.


The company is focused on designing new products aimed at enhancing user experience with hearing protection, and it intends to enter new geographic markets, particularly in Asia and South America, by mid-2024. Recent funding will support these initiatives, enabling Minuendo to innovate and expand its distribution capabilities.


Current Investors

SINTEF, Construct Venture AS, Halden Municipal Pension Fund

Primary Industry

Consumer Products

Sub Industries

Consumer Electronics, Analytics & Performance Software, Monitoring & Security Software

Website

www.minuendo.com

Verticals

Cloud Computing, E-commerce, Manufacturing, Wearables & Quantified Self

Company Stage

Angel & Seed

Total Amount Raised

Subscriber access only

Minuendo AS - timeline of key events

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Minuendo AS - financials

Fiscal Year EndedDec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024
Revenue (USD)119,60027,750235,24211,845,297---
% Revenue Growth (YoY)-(76.8%)747.7%4935.4%---
EBITDA (USD)(2,085,594)(7,027,050)(10,457,328)(16,559,974)---
Operating Income (USD)(2,190,318)(7,402,423)(10,914,106)(17,061,610)---
Operating Margin(1831.4%)(26675.4%)(4639.5%)(144.0%)---
% EBITDA Margin(1743.8%)(25322.7%)(4445.3%)(139.8%)---
NET Income (USD)(1,659,133)(5,543,755)(8,580,395)(13,449,769)---
% Net Margin(1387.2%)(19977.5%)(3647.5%)(113.5%)---

Minuendo AS - employee data

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