Scope, a Swedish private equity company, has invested €7m, becoming a large shareholder in Helsinki, Finland-based Footbalance System Ltd., which develops individually moulded insoles that correct and support foot position and gait.
Footbalance is currently available in 250 stores in the United States (operating a subsidiary in California), France, Denmark, Norway, and Finland.
Key customers include Intersport and Road Runner Sports.
The investment will enables the company to continue to expand in the USA. In Europe, Footbalance will continue its growth in existing and new markets through Intersport International Corporation, its strategic partner.