Finland’s Fertility Clinic Ovumia Seeks €1 Million on Invesdor

Finland-based fertility clinic, Ovumia, has launched an equity crowdfunding campaign on Invesdor. The company is currently seeking €1 million on the funding platform as it prepares to expand its services.

Ovumia claims to be a leading fertility clinic chain in North Europe and Finland’s largest chain specialized in fertility treatments. The company’s clients have reportedly had more than 12,000 babies It also revealed that it performs over 70% of egg donor treatments in Finland and of all Finnish clinics it also has the most extensive international clientele, which includes clients from Sweden, Norway, Germany, Switzerland, Austria, Holland, England, Ireland, Russia, Canada and the U.S.

“Ovumia operated as a service laboratory for fertility treatments during 2007-2015 and commenced private clinic operations on a larger scale in 2013 with an objective to be one of the leading European operators in its field.  With this objective in mind, Ovumia began to invest in the development of treatments and laboratory procedures for man and woman derived infertility in cooperation with Tekes (the Finnish Funding Agency for Innovation). During 2013-2017 the company has invested over 2,5M€ in the customization of infertility treatment processes as well as the development of management and patient administration methods and systems. As a result of the above mentioned development projects the company is now the technology leader in embryo selection, embryo diagnostics, egg bank technology and embryo culturing.”

The Clinic also revealed that last year it reached pregnancy results in over 60% of single donated embryo transfers and its customer processes have been developed to produce added value to customers. All operations are managed through self-customized electronic management and patient administration system. Also in 2016, Ovumia purchased Fertinova Tampere (previously AVA Tampere) from Terveystalo and purchased the entire Fertinova brand from Terveystalo as well as the business operations of Fertinova clinics including all equipment and personnel in Helsinki and Jyväskylä.

“By purchasing Fertinova clinics Ovumia pursues strong growth on the economic area of Helsinki as well as significant increase of international, especially Central European customers. Due to a better transportation communication, our clinic in Helsinki will be the center for Ovumia’s international customers. Furthermore, the service range in Helsinki metropolitan area will be expanded to new services, such as hysteroscopy, proactive gamete storing, preimplantation genetic diagnosis PGS, preimplantation genetic screening PGS, fertility guidance and monitoring during pregnancy.”

Since its launch, Ovumia’s campaign has successfully secured over half its funding target. It is set to close October 10th.

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