360 Capital Partners invests in Withings, the leading health smart devices company

By July 16, 2013Portfolio

Withings, the leading innovator in Health & Wellness smart devices and applications, today announced that it has received $30 million from Bpifrance, which investment amounts to $15 million, Idinvest Partners and 360 Capital Partners, alongside with Withings’ historical investor Ventech. Clipperton Finance advised the Company on this second round of financing. It is the one of the most significant Venture Capital operation for the newly created Bpifrance. These new funds will help the Company to accelerate international expansion and to support innovation.

Withings is an innovative company that creates smart products and apps to help people across the world easily take care of their health and well-being. Rewarding its unique approach to health management, Withings is experiencing a staggering growth phase with devices and applications used in all parts of the world by individuals as well as professionals. Additional financing capacities will allow the Company to fuel further growth on overseas markets extending its retail and distribution network. Attached to its innovation-driven DNA, Withings also aims at strengthening its in-house R&D teams by hiring best-in-class software and hardware engineers and developers.

“We are thrilled to join a terrific company like Withings one of the rising stars in the global market of smart devices. I have been really impressed by the replica rolex uhren extraordinary execution and the vision of Cedric, Eric and the company’s management team who have created in such a short time a true global leader with a really distinctive product offer. By the
way, you should try one of their products, they can really change your life!“ – Emanuele Levi, General Partner of 360 Capital Partners,  points out with enthusiasm.

The deal has been also featured on TechCrunch. You can read the full article here.