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Wednesday, June 29, 2022

Reykjavik-based startup Plaio announces $2.25M pre-series A round

Icelandic software startup Plaio announced a $2.25M pre-series A investment round by Frumtak Ventures. The company digitises demand, manufacturing, and purchase planning for generic pharmaceutical manufacturers, for agile manufacturing operations and precision product output.

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Founded by Jóhann Guðbjargarson in May, Plaio builds on years-long R&D process focused on the specific needs of generic pharmaceutical manufacturers. The company has an experienced Pharma Supply Chain founding team and customers like MS Pharma and Coripharma, which has been validating the software for over two years.

“Plaio provides the accuracy, predictability, transparency and precision forecasting missing from the current demand, manufacturing and purchase planning processes, which, until now, were shockingly manual and spreadsheet-driven, and marred by inefficiencies and human error,” says Jóhann Guðbjargarson, PLAIO’s Founder and CEO.

“Plaio’s deep knowledge of Pharma Supply Chain and the cost sensitivities within the generic pharma industry will be invaluable to the digitisation and modernisation of the pharmaceutical industry,” says Svana Gunnarsdóttir, Managing Director of Frumtak Ventures. “The team’s early success in providing much needed planning visibility and transparency to pharma manufacturers has the potential to help ensure the right products get to the right places at the right time in the most cost efficient and sustainable ways possible.”

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Jan Ameri
Jan Ameri
Entrepreneur-by-heart – and by actions since 1998. Being an expert in spotting new opportunities and creating new concepts, Jan has been a partner or co-founder in seven different companies in various industries. In the early 2000’s he was pioneering some of the very first WAP, SMS, and interactive TV based wireless games and fantasy sports games in the Nordic countries. Jan loves to watch Shark Tank and The Profit in his free time. And he is an FC Barcelona fan.

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