Avidicare Secures Investment from Almi Invest to Enhance Operating Room Safety
Deal News | May 20, 2025 | ALMI Invest Mitt AB
Almi Invest, a prominent private equity firm, announced a SEK 3 million investment in Avidicare, a medical technology company based in Lund, Sweden. Avidicare has developed a patented ventilation system, Opragon, which is designed to enhance air quality in operating rooms, thereby reducing the risk of postoperative infections. The investment is part of a larger SEK 26 million funding round that includes contributions from major stakeholders like Industrifonden. With operations in 17 countries, Avidicare aims to expand its market reach, particularly in the U.S. and German markets. The investment aligns with Almi Invest's strategy to support companies with innovative technology and significant social impact potential. Almi Invest's Fund Manager, Alex Molvin, will join Avidicare's board to aid in growth through partner programs and training initiatives. Avidicare posted revenues of SEK 13 million in 2022, growing to SEK 26 million in 2023, under the leadership of CEO Peter Hjerback.
Sectors
- Medical Technology
- Private Equity & Venture Capital
Geography
- Sweden – Avidicare is headquartered in Lund, Sweden, and receives investment from Swedish firm Almi Invest.
- International – Avidicare operates in 17 countries, and the investment supports expansion into markets like the U.S. and Germany.
Industry
- Medical Technology – Avidicare operates within the medical technology sector, focusing on solutions that improve healthcare environments, particularly operating rooms.
- Private Equity & Venture Capital – Almi Invest's involvement indicates a private equity and venture capital context, supporting companies with innovative solutions and scalability potential.
Financials
- 3 million SEK – Amount invested by Almi Invest in Avidicare.
- 26 million SEK – Total amount of capital raised in the current funding round for Avidicare.
- 13 million SEK – Avidicare's revenue for 2022.
- 26 million SEK – Avidicare's revenue for 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Avidicare | Target Company | Company | A medical technology company developing the innovative Opragon ventilation system for operating rooms. |
| Almi Invest | Private Equity Investor | Company | A Swedish private equity firm investing SEK 3 million in Avidicare as part of its funding round. |
| Industrifonden | Investor | Company | The largest shareholder in Avidicare, participating in the SEK 26 million funding round. |
| Alex Molvin | Fund Manager | Person | Fund Manager at Almi Invest who will join Avidicare's board to support growth initiatives. |
| Peter Hjerback | CEO | Person | CEO of Avidicare, leading the company through growth and expansion phases. |
| Paul Rasmusson | COO | Person | COO of Avidicare, previously Senior Director at Stryker. |