sendance receives six-figure investment from Garage Angels
The Linz-based startup sendance, which develops sensors that integrate seamlessly into surfaces, has received an investment from Czech investor group Garage Angels. The investment amounts to several hundred thousand euros. It is structured as a convertible note as part of sendance’s currently ongoing third investment round. Electron Capital Partners also participated in the investment during the seed round.
Sensors capture valuable health data
sendance has developed a patented technology platform that enables manufacturers of medical devices such as orthopedic insoles, prosthetics, and exoskeletons to capture valuable health data. This is intended to make it possible to improve the quality of life for people with mobility restrictions. Customers worldwide are already using the solution. The first products with the “sendance inside” label are now set to launch.
For Garage Angels, the combination of the technological maturity of the solution and the experience of the founding team was decisive. “Personalized and intelligent medical devices are one of the most important trends of the future. sendance offers a technologically scalable and highly adaptable solution and has Robert Koeppe, an experienced serial founder with a clear vision and the ability to execute it, at the helm,” says Miloš Dendis of Garage Angels.
sendance plans to scale platform
Robert Koeppe previously founded the deep-tech startup isiQiri, which focused on sensor technologies. In 2018, Koeppe sold the startup through an M&A transaction. “We plan to use the investment to strengthen sales, marketing, and product scaling,” explains the experienced founder.
To date, sendance has raised a total of 2.6 million euros to accelerate the development of digital health products. The current investment is intended to support the further development of the sensor and data platform as well as its broader adoption by manufacturers who want to enhance their physical devices with a data layer and new capabilities for working with health and mobility data.
