“With less time spent on routine tasks like medicine dispensing, caregivers can spend a bigger part of their visit on much-needed social interactions with their clients. Clinical studies have proven very high medication adherence, around 99%, whilst significantly improving quality of life and independent living at home for seniors with chronic illnesses and reduced cognitive skills. Improved medicine dispensing frees up resources that can be reallocated to parts of our welfare system that need more resources.” says Eetu Koski, CEO at Evondos. He adds: “With a market leading foothold in the Nordics, we are pleased to welcome Verdane onboard to help us expand internationally into Northern Europe.”
Evondos’ vision is to become the global leader in the automated medicine dispensing market. Based in Salo, Finland, Evondos is the Nordic market leader in developing automated medicine dispensing solutions and services. The superior reliability of its dispenser robot, which is capable of reading all multidose sachets in the Nordic market, has made Evondos the leader in its field. Founded in 2007, Evondos today has offices spread across Finland, Norway, Sweden and Denmark supporting over 200 municipal clients, safely distributing over 4 million doses to date. A significant part of the development plan is to further improve Evondos’ offering with added functionalities that improve service usability for clients and caregivers.
Evondos joins a roster of current and former Verdane e-health holdings that include Conscriptor, Sweden’s largest provider of medical transcription services; Max Manus, Scandinavia’s largest developer of speech recognition software for medical documentation; CRF Health, a provider of technology solutions for simplying global clinical trials; and CareTech, a developer of nurse call solutions for elderly and geriatric care.
“We are proud to partner with the best team in the Nordics when it comes to automated medicine dispensing. Evondos is playing a crucial role in improving the quality of life for home care clients and freeing up more time for direct care during home visits. We look forward to joining forces on Evondos’ journey to improve the lives of seniors across Northern Europe,” says Janne Holmia, Principal and responsible for the investment at Verdane.
The investment was made by Verdane’s Edda fund.
About Evondos
Evondos is the leading provider of automated medicine dispensing services in the Nordics. Evondos’ unique service provides significant quality and cost benefits for professional home care organizations. The service enables people in need of medical treatment to get the right medicine at the right time and in the right dosage automatically, which improves patient safety, medical adherence and supports independent life at home. The service is based on advanced technology and consists of an automatic medicine dispensing robot installed in private homes, with a cloud-based control system and service elements. Evondos currently employs 85 people in Finland, Sweden, Norway and Denmark. Evondos’ headquarters and production facilities are located in Salo, Finland. www.evondos.com
About Verdane
Verdane is a specialist growth investment firm that partners with tech-enabled and sustainable European businesses. Verdane can invest as a minority or majority investor, either in single companies or through portfolios of companies, and looks to deploy inside two core growth themes; digitalisation and decarbonisation.
Verdane funds hold over €6 billion in total commitments and have made over 400 investments in fast-growing businesses since 2003. Verdane’s team of over 140 investment professionals and operating experts, based out of Berlin, Munich, Copenhagen, Helsinki, London, Oslo, and Stockholm, is dedicated to being the preferred growth partner to tech-enabled and sustainable businesses in Europe.
Verdane is also a certified B Corporation, the most ambitious sustainability accreditation globally. The firm only backs businesses that pass its 2040 test, which indicates whether the company can thrive in a more sustainable future economy.
Verdane is partly owned by the Verdane Foundation, which is focused on two areas: climate change and more equitable and inclusive local communities.
More info: www.verdane.com
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Press Contact
Janne Holmia, Principal
Verdane
+358 40 084 3333
janne[dot]holmia@verdane.com
Eetu Koski, CEO
Evondos
+358 50 513 5373
eetu[dot]koski@evondos.com
