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Today: May 13, 2024
January 18, 2024
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Revamping Physiotherapy: Greek Company Raises €16M to Revolutionize Rehabilitation

TLDR:

  • Greek physiotherapy startup Kinvent has raised €16 million in its third round of funding, led by French private equity firm Eurazeo.
  • The investment will support Kinvent’s global expansion, particularly in the US, and increase its research and development efforts.
  • Kinvent offers connected physiotherapy solutions and aims to transform the practice of physiotherapists and fitness trainers through the collection and analysis of biomechanical data.

Kinvent, a Greek-founded company that offers connected physiotherapy solutions, has raised €16 million in its third round of funding. French private equity firm Eurazeo led the investment, joining the company’s leadership alongside founding president Athanase Kollias and existing minority shareholders. The funding will support Kinvent’s global expansion plans, with a specific focus on the US market in 2024. The company’s connected devices measure force, balance, and range of motion, providing valuable data for sports performance, rehabilitation, and medical industries. Kinvent aims to transform the practice of physiotherapists and fitness trainers by enabling the collection and analysis of biomechanical data. The new investment will also increase the company’s research and development efforts. Kinvent has experienced significant growth in recent years and is now present in 68 countries with 75 employees.

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