Kinvent, a Greek-founded tech-driven physiotherapy provider, raised €16 million in investment during its third fundraising round.
Eurazeo, a French private equity firm focused on advancing health sectors led the round.
The company was founded in 2017 in Thessaloniki, Greece by mechanical engineer Athanase Kollias.
Kinvent aims to transform the practice of physiotherapists and fitness trainers by collecting and analyzing biomechanical data.
The company designs, develops, and manufactures a range of connected devices that measure force, balance, and range of motion through a single application for the sports performance, rehabilitation, and medical industries.
Kinvent’s solution attracts rehabilitation professionals (sports specialists, general practitioners, or those working in nursing homes or post-surgical units), healthcare professionals, and professional sports clubs.
The new investment will accelerate the company based in Montpellier to expand its international reach, specifically targeting the US in 2024. They also aim to increase their R&D projects. According to their data, Kinvent recorded an 80% growth between 2022 and 2023.
