Geniova secures €15m funding led by Inveready
Deal News | Jan 27, 2025 | Iberian Lawyer
Geniova, a trailblazer in the invisible orthodontics sector, has successfully secured €13 million in a financing round led by Inveready and supported by CDTI's Innvierte Program. The round included both equity and convertible loans and was further backed by existing shareholders. Antonio Baselga, CEO and co-founder of Geniova, emphasized that the financing will drive international expansion and the dissemination of their innovative hybrid technique. Aniol Brosa from Inveready expressed confidence in Geniova's technology and its global market potential. The Innvierte Program contributed €3.6 million, underscoring Spain's commitment to technological innovation. Legal guidance for the transaction was provided by Youandlaw, ensuring compliance with high legal standards.
Sectors
- Healthcare
- Private Equity and Venture Capital
- Legal Services
Geography
- Spain – The transaction includes participants such as Geniova and CDTI's Innvierte Program, which operate in Spain.
Industry
- Healthcare – Geniova operates in the invisible orthodontics sector, which is part of the broader healthcare industry.
- Private Equity and Venture Capital – The article discusses a funding round led by Inveready, a venture capital firm.
- Legal Services – Youandlaw provided critical legal advice throughout the transaction process.
Financials
- €13 million – The total amount raised in the financing round, consisting of equity and convertible loans.
- €3.6 million – The amount provided by CDTI's Innvierte Program for the project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Geniova | Target Company | Company | A pioneer in the invisible orthodontics sector credited with a patented hybrid technique. |
| Inveready | Investor | Company | A venture capital firm that led the €13 million financing round. |
| CDTI Innovation | Investor | Government | Through its Innvierte Program, it contributed €3.6 million to the funding round to support technological innovation in Spain. |
| Youandlaw | Legal Advisor | Company | Provided legal advice to Geniova during the transaction. |
| Antonio Baselga | CEO and Co-founder | Person | CEO and co-founder of Geniova, commented on the impact of the funding. |
| Aniol Brosa | General Partner | Person | General Partner at Inveready, expressed belief in Geniova's technology. |