Impress, a Barcelona-based company in the orthodontic sector, announced a $125M Series B round. The first closing of $100M was made this week, helping to propel the company’s expansion into new markets.
Impress is on track to close the second $25M within 60 days. The company redesigned the invisible aligner industry by building hybrid, tech-driven orthodontic clinics.
The financing will be used for further expansion in Europe (organic and M&A), further investment in tech, and extending of the in-house production facility.
Impress was founded in 2019 in Barcelona by orthodontist Dr. Khaled Kasem and entrepreneurs Diliara and Vladimir Lupenko, with the idea of combining the best orthodontic tradition with the most innovative technology in the sector.
According to the company’s release, in just 3 years, Impress has become Europe's number-one brand and category leader. The company already has over 130 clinics across 8 countries, including Spain, Italy, Germany, France, and the UK, creating a scalable business model.
Impress headquarters are in Barcelona, and it has a global team of 1.000 employees, of which 500 of its team are medical professionals specializing in orthodontics. Recently Impress also put into operation one of the largest European R&D and clear aligner production facilities.
“We created a new orthodontic experience powered by tech. The processes are fully digitalized thanks to Impress's product and software. This accomplishment would not have been possible without close contact between our patients and medical team because this is the only way we can understand their needs and expectations”, says Diliara Lupenko, Co-founder and COO of Impress.