WellO2
Financials
Estimates*
EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | <1m | <1m | 2.1m | 3.2m | 3.4m | 2.4m | 3.9m |
% growth | 49 % | 26 % | 232 % | 48 % | 8 % | (30 %) | 65 % |
EBITDA | (<1m) | (<1m) | <1m | <1m | <1m | (<1m) | - |
% EBITDA margin | (81 %) | (88 %) | 16 % | 4 % | - | (38 %) | - |
Profit | (<1m) | (<1m) | <1m | (<1m) | (<1m) | (1.2m) | - |
% profit margin | (140 %) | (117 %) | 9 % | (4 %) | (8 %) | (51 %) | - |
R&D budget | <1m | <1m | 2.0m | 3.0m | - | - | - |
R&D % of revenue | 117 % | 109 % | 94 % | 95 % | - | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
€16.4m | Early VC | ||
N/A | Seed | ||
* | €1.5m | Early VC | |
Total Funding | €17.9m |
Recent News about WellO2
EditWello2 is a company that specializes in respiratory health solutions through its innovative breathing exercise device. The device is designed to open and moisturize airways, strengthen respiratory muscles, and produce warm water vapor for steam inhalation. It serves a diverse range of clients including individuals with breathing problems, those exposed to poor air quality, the elderly, athletes, and voice professionals such as singers. Operating in the health and wellness market, Wello2's business model revolves around the sale of its breathing exercise devices and related accessories. The company generates revenue through direct sales to consumers and partnerships with health organizations. The device offers immediate benefits such as opening airways, cleansing lungs by removing mucus and air particles, alleviating airway irritation, and improving overall respiratory performance.
Keywords: respiratory health, breathing exercise, steam inhalation, muscle strengthening, airway moisturizing, lung cleansing, elderly, athletes, voice professionals, health and wellness.