AI-generated from publicly available materials.Impress, a Spanish digital orthodontics network, has secured a €40 million venture debt loan from the European Investment Bank (EIB) to enhance its AI platform and expand its operations across Europe.
This financing follows a significant €110 million funding round in 2024, aimed at bolstering its European footprint after acquiring DrSmile. Impress aims to bridge the gap between traditional orthodontic care and at-home solutions, utilizing an AI engine that draws from a database of 500,000 patients. This technology is designed to enhance clinic efficiency, reduce patient visits, and improve access to quality care.
The loan aligns with a broader trend of investment in digital dentistry and AI healthcare solutions across Europe, with notable funding rounds for companies like DentalMonitoring and Tucuvi. Collectively, these investments highlight a growing commitment to integrating advanced technologies in healthcare, reinforcing the EU's position in HealthTech innovation.
Founded in 2019, Impress merges in-person care with AI-driven monitoring, currently operating over 110 clinics across 10 countries. This new funding will facilitate further development of its AI-based healthcare ecosystem, which includes advanced treatment planning and patient tracking capabilities. Impress is strategically eyeing expansion into Northern Europe, targeting markets such as Germany and the UK, with projected revenue growth of 40% by 2026, highlighting its robust market potential.