Silmaasema Oy
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Silmaasema Oy - overview
Established
1975
Location
Helsinki, -, Finland
Primary Industry
Healthcare Specialists
About
Silmaasema Oyj is a Finnish company specializing in eye care services and products, focusing on vision correction and eye health management through comprehensive assessments and surgical options. Founded in 1975 in Helsinki, Finland, Silmaasema Oy operates in the eye care sector, providing various services including eye examinations and surgical procedures. The company has engaged in a total of 3 deals, with the most recent funding round being a GROWTH round on May 19, 2023, raising EUR 40. 000 mn from investors including CapMan.
The total amount raised by the company stands at EUR 40. 000 mn. Silmaasema is a comprehensive provider of eye care services and products, focusing on vision correction and eye health. The company's core offerings include various types of eye examinations, such as basic vision tests, specialized sports vision assessments, and exams tailored for children.
Additionally, Silmaasema offers contact lens fittings, lens prescriptions, and a range of surgical options, including laser and lens surgeries. Their customer base includes individuals of all ages, from young children to seniors, and they serve markets across Finland with a commitment to enhancing each customer's vision and eye health. Silmaasema also provides a selection of eyewear products, including prescription glasses, sunglasses, and contact lenses, catering to diverse consumer needs within the optical retail sector. Silmäasema generates revenue through a combination of direct-to-consumer sales and services related to eye care.
The company reported revenue of EUR 138,412,286. 70 for the year 2023, with an EBITDA of EUR 27,128,250. 30. The revenue model encompasses individual transactions for services provided at their clinics as well as the sale of eyewear products, which can include both branded and private-label options.
In May 2023, CapMan, alongside other institutional investors, invested EUR 40 million in Silmaasema Oy. This investment will strengthen Silmaasema Oy’s ownership structure and enable investing in future growth. The company is likely to utilize these funds to enhance its service offerings and potentially expand into new geographic markets.
Current Investors
CapMan, Ilmarinen Mutual Pension Insurance Company, Elo Mutual Pension Insurance Company
Primary Industry
Healthcare Specialists
Sub Industries
Accessories, Recreational Product Stores, Diagnostic, Medical & Imaging Laboratories, Optometrists & Opticians Products and Services
Website
www.silmaasema.fi
Verticals
E-commerce, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
Silmaasema Oy - timeline of key events
Silmaasema Oy - financials
| Fiscal Year Ended | Dec 31, 2009 | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 40,223,455.2 | 40,708,079.5 | 60,434,924.7 | 60,562,762.2 | 69,084,389.7 | 78,140,699.2 | 84,954,734.5 | 57,634,175.2 | 70,007,723.2 | 75,254,997.4 | 82,249,444.5 | 80,937,312.4 | 101,607,684 | 110,486,265.8 | - | - | - |
| % Revenue Growth (YoY) | - | 1.2% | 48.5% | 0.2% | 14.1% | 13.1% | 8.7% | (32.2%) | 21.5% | 7.5% | 9.3% | (1.6%) | 25.5% | 8.7% | - | - | - |
| EBITDA (USD) | 4,425,871.3 | 3,588,075 | 2,196,544.6 | 2,213,115.2 | 5,115,274.9 | 7,868,494.3 | 9,031,139.9 | 5,414,182 | 4,470,271.2 | 8,207,492.7 | 10,943,753.4 | 13,695,837 | 19,690,593.9 | 18,959,622.4 | - | - | - |
| Operating Income (USD) | 2,735,951 | 1,936,657.2 | (833,987.7) | (999,577.4) | 1,824,042.8 | 3,994,959.9 | 4,521,114.7 | 2,524,530.7 | 915,594.2 | 4,472,068.7 | 7,237,262.2 | 10,103,175 | 16,215,229.9 | 15,047,464.1 | - | - | - |
| Operating Margin | 6.8% | 4.8% | (1.4%) | (1.7%) | 2.6% | 5.1% | 5.3% | 4.4% | 1.3% | 5.9% | 8.8% | 12.5% | 16.0% | 13.6% | - | - | - |
| % EBITDA Margin | 11.0% | 8.8% | 3.6% | 3.7% | 7.4% | 10.1% | 10.6% | 9.4% | 6.4% | 10.9% | 13.3% | 16.9% | 19.4% | 17.2% | - | - | - |
| NET Income (USD) | 1,866,781.6 | 1,341,375 | (1,081,483.2) | (1,187,733.5) | 941,136 | 2,936,329.5 | (350,533) | 110,113.2 | (985,001.5) | 1,220,463.7 | 1,599,727.2 | 5,786,924.7 | 11,518,038.1 | (388,306) | - | - | - |
| % Net Margin | 4.6% | 3.3% | (1.8%) | (2.0%) | 1.4% | 3.8% | (0.4%) | 0.2% | (1.4%) | 1.6% | 1.9% | 7.1% | 11.3% | (0.4%) | - | - | - |
Silmaasema Oy - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Announced | Silmaasema Oy | - | ||||||||
| LP Direct | Completed | Silmaasema Oy | - | ||||||||
| Growth | Completed | Silmaasema Oy | - | ||||||||
| Add-on, Public to Private, Trade Sale | Completed | Silmaasema Oy | - | ||||||||
| IPO | Completed | Silmaasema Oy | - |
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Silmaasema Oy - employee data
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