MoveSole Signs Distribution Deal For Northern & Central Europe As Invesdor Campaign Secures 50% of Funding Target

MoveSole Ltd, a Finnish company developing smart insoles for healthcare professionals, announced this week it has signed a distribution deal for northern and central Europe with Mobility Research Denmark. The company’s product, MoveSole Smart Insoles, notably helps healthcare professionals by measuring the effectiveness of offloading at the clinics and outside with everyday usage. It was revealed:

For a long time now, Healthcare professionals have been looking for a reliable method to measure and analyse gait while people walk in their natural environment vs. clinical settings. And this is precisely why MoveSole Ltd was established. Now after three years of collaboration with healthcare professionals on development and piloting, the MoveSole Smart Insole is being finalized to get the medical device approval and is ready for sales. Because of this development work, we now have an excellent tool for the healthcare professionals to treat foot ulcers and lower limb injuries both in the clinics and outside. Since the beginning of MoveSole Smart Insole development all selected technologies have been harnessed to deliver a solution for precise and easy gait measurement.”

According to MoveSole, the company and Mobility Research Denmark have a distribution contract regarding Mobility Research Denmark’s sales for MoveSole products in Germany, France, Belgium, Sweden, Denmark, and Norway. The contract between the two companies specifies a set minimum purchase obligation, which means that Mobility Research Denmark has committed to buying MoveSole products after an initial trial period.

This partnership news comes just as MoveSole’s equity crowdfunding campaign surpassed 50% of its minimum €100,000 funding target on Investor. The company launched the funding round in late-November and it is set to close on January 31st.

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