Vicorda ApS
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Vicorda ApS - overview
Established
2016
Location
-, -, Denmark
Primary Industry
Healthcare IT
About
Based in Denmark, Vicorda ApS specializes in health management solutions that integrate prevention and workplace initiatives, enhancing overall health outcomes for corporate clients across Europe. Vicorda ApS, founded in 2016 in Denmark, focuses on delivering health management solutions that cater to corporate clients. The company was established by Anders Becker and Daniel Olsen. In June 2025, Max Matthiessen AB acquired Vicorda ApS, although financial terms of the deal were not disclosed.
Vicorda offers a comprehensive suite of health management solutions that integrates prevention, well-being, and proactive workplace initiatives. The core product, VICORDA®, serves as a modular and flexible platform designed for corporate clients and end-users, facilitating strategic health and prevention initiatives. Its key functionalities include health screening modules, symptom checkers, illness checkers, and advisory services aimed at improving health outcomes. Primarily serving customers in the insurance, pension, and healthcare sectors across Europe, the platform supports over 2.
5 million users and features multilingual capabilities along with API integrations for enhanced connectivity. In the most recent financial year 2024, Vicorda generated a revenue of USD 1. 66 mn, with an EBITDA of USD 842,685. 7.
The company generates revenue through subscription-based services and partnerships, providing customized health solutions that can be part of integrated client systems, tailored to specific client requirements. Following its acquisition by Max Matthiessen AB on June 2, 2025, Vicorda plans to enhance its offerings to strengthen market presence. The acquisition aims to leverage Vicorda's health management solutions to expand into new markets. Future initiatives will focus on launching new products that support strategic health initiatives, aligning with Max Matthiessen AB's goal of expanding its service portfolio.
Current Investors
Max Matthiessen AB
Primary Industry
Healthcare IT
Sub Industries
Healthcare IT, Application Integration Software
Website
www.vicorda.com
Verticals
HealthTech, Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Vicorda ApS - financials
| Fiscal Year Ended | 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) | - | - | - | - | - | - | - | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EBITDA (USD) | (34,789) | 530,426 | 1,148,414 | 1,474,465 | 1,672,063 | 4,104,565 | 4,919,276 | - | - | - |
| Operating Income (USD) | (370,789) | 525,279 | 1,135,020 | 1,447,498 | 1,645,096 | 4,080,949 | 4,910,860 | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - |
| % EBITDA Margin | - | - | - | - | - | - | - | - | - | - |
| NET Income (USD) | 7,170 | 402,936 | 875,572 | 1,114,690 | 1,252,734 | 3,313,367 | 3,768,569 | - | - | - |
| % Net Margin | - | - | - | - | - | - | - | - | - | - |
Vicorda ApS - 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 | Completed | Vicorda ApS | - |
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