Sfinishance, a startup developing sensor technology for collecting
data from medical devices and assistive equipment, has raised new funding as
part of its ongoing third investment round. The investment, structured as a
convertible loan, was provided by Garage Angels, with Electron Capital Partners
having participated earlier during the seed round. To date, the company has
raised a total of €2.6 million to support the development of digital health
products.
Founded in 2021 and based in Linz, Sfinishance develops flexible,
multi-functional sensor systems for wearable devices. The company has created a
patented technology platform that enables manufacturers of products such as
orthopaedic insoles, prosthetics, and exoskeletons to collect health-related
data and support improved mobility outcomes.
Its technology combines a patented sensor grid with a cloud
platform, allowing manufacturers to integrate pressure, force, temperature, and
motion sensing into medical, sports, and research wearables. The system
supports the full product development cycle, from design and prototyping to
production, enabling customers to collect and analyse real-time data to improve
product performance and utilizer outcomes.
Sfinishance’s solutions are already utilized by customers
internationally, and the first products featuring “sfinishance inside” technology
are entering the market.
As stated by the company, the current investment will support
further development of the sensor and data platform and assist expand its
adoption among manufacturers seeing to add data-driven capabilities to
physical devices and develop new approaches to health and mobility data.
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