Impress, a Barcelona-based orthodontic chain specialising in invisible aligners has raised over €110 million in its latest funding round led by key participants including Trinity Capital Inc., CareCapital, LBO France, and TA Ventures. This financing is set to enhance Impress’s expansion efforts, reinforcing its standing as Europe’s largest orthodontic chain and a leading health tech company by revenue.
Following its acquisition of DrSmile from the Straumann Group, the new funding will provide Impress with additional liquidity to sustain growth across Europe. Impress plans to expand its network through new clinic openings and potential market entries, aiming to make accessible, high-quality orthodontic care available to a broader patient base.
Dr. Khaled Kasem, Chief Orthodontic Officer and co-founder of Impress said: “With this financing, Impress has strengthened its position as Europe’s No. 1 orthodontic chain with primary focus on digitalisation. Our business model, deeply rooted in clinical excellence and bolstered by proprietary R&D, has proven resilient and highly scalable. This investment empowers us to build on our leadership in Europe and drive forward our vision of innovative, patient-centred orthodontic care.”
Impress’s approach to orthodontic care integrates proprietary software with rigorous clinical oversight, setting it apart in the D2C aligner market. By prioritising effective, medically supervised treatment plans, Impress has established a sustainable model that resonates with patients and has enabled the company to outperform competitors, particularly in light of challenges faced by U.S.-based aligner companies.
“Impress’s model is built for long-term success, focusing on effective, medically supervised treatments for all orthodontic cases. With this latest funding, we’re prepared to reach even more patients across Europe and deliver the confidence of a healthy, beautiful smile,” added Dr. Kasem.
The acquisition of DrSmile has expanded Impress’s operations across key European markets, including Germany, France, the Netherlands, and Sweden. This integration supports Impress’s aim to become one of Europe’s largest health tech companies in terms of revenue. With the new funding, Impress plans to open over 20 flagship clinics by 2025, bolstering its capacity to provide high-quality orthodontic care throughout Europe.
Read the orginal article: https://www.eu-startups.com/2024/11/barcelona-based-impress-secures-over-e110-million-to-expand-orthodontic-services-across-europe/
