Revolab, winner of the 2020 EIT Digital Venture Program, is ready to expand its at-home blood testing kit and platform across Europe following CE mark approval for its solution.
In less than a year, the Lithuanian startup centered on self-monitoring of the user’s overall physical well-being has gone from inception to closing a seed round in May, signing €100,000 in pre-orders and recently obtaining CE certification for its products, enabling sales across Europe in record time.
The company offers more than 30 different blood tests, such as complete blood count (CBC), glucose levels, thyroid panels and STD tests. It also offers more specialised at-home tests, such as enzyme markers for people at risk of cancer or other diseases, as well as dedicated blood tests, such as those for vegans and vegetarians, which check for the absence of essential nutrients.
By following simple step-by-step instructions, users take a finger prick blood sample and send it back to Revolab. Their results can then be accessed within 24 hours via the app.
Over the past year, the pandemic has notably accelerated the adoption of self-tests, in a wave that empowers people to take charge of their own health, especially those with chronic conditions such as diabetes, high cholesterol or predisposition to cancer. Revolab is at the heart of this increased demand.
Founded by serial entrepreneur and CEO Ovidijus Kalinas and his CMO spouse Jekaterina Kaliniene, Revolab is set to become a central player in the paradigm shift taking place in the healthtech sector.
The expertise and background of the team -Jekaterina, was previously CEO of Synlab Lithuania, a subsidiary of one of Europe’s largest laboratory services companies- and the company’s participation in the EIT Digital Venture program enabled Revolab to transform its idea and prototype into a working product, validated by a network of partners and capable of attracting further investment.
Kalinas praised the program in a statement noting how beneficial it is for early-stage startups, while adding that he recommends it to “anyone who wants to explore an idea and find the way forward.”
The EIT Digital Venture program accompanies start-ups from idea to investment in less than a year. The ambitious trajectory enables entrepreneurs with a bright idea to move from concept to MVP, market validation and funding while additional benefits become available at every milestone.