12th January 2022
Clynx, a Portuguese start-up that participated at the 2018 InnoStars Awards has raised €150K pre-seed investment round from Think Bigger Capital.
Most of us think about physiotherapy as a necessary, sometimes unpleasant experience, but the founders of Clynx offer rather different treatments. Joana Pinto and Gonçalo Chambel last week successfully convinced investors as well, that their solution is one-of-a-kind among physiotherapy therapies. The Lisbon-based digital health start-up’s solution – Motiphy+ – has been developed with a digital and gamified approach, which makes physiotherapy sessions more motivating and convenient. What makes it even more appealing is that can be used during hospital treatments as well as at home, which means that it has the potential to improve healthcare entities’ flexibility and capacity.
The founders of Clynx said that the road that led to raising €150K pre-seed investment round for the first time was a challenging but enthusiastic one. “It was a moment where we considered our whole journey and put all relevant topics in perspective. We enjoyed this process of planning a growth roadmap and ensuring we were able to communicate our vision to the investment committee” – said Joana Pinto, adding that they will use the funding to expand their sales and marketing team because they are focusing on increasing and establishing their client portfolio in their home country. The funding will also be invested in product development.
“We are continuously working on our mission to make physiotherapy more enjoyable, flexible and digital for clinics and patients. Now that our product is being used with our first clients in Portugal and already addressing shoulder, knee, hip and general mobility treatments, we plan to extend it to further physiotherapies. We will begin our internationalization in early 2022 and prepare our Seed-round to take place in the second quarter of 2022” – Pinto said. She also talked about how participating at the EIT Health InnoStars Awards helped them get there where they are now.
“It allowed us to earn our first smart money grant as well as to receive mentoring and follow our first acceleration program. Not only this, but becoming EIT Health Alumni has given us several networking opportunities that have been valuable for our growth: we have participated in the Coffee with the CEO and CTO, several community workshops and events, the most recent one being the Health Tech Meetup at the Web Summit.”
These kinds of stories keep us motivated and they also prove that EIT Health’s programmes represent an important milestone in the evolution of start-ups. Our programmes are designed to provide entrepreneurs with the necessary skills and connections to move onto the next level. Through mentoring, training and networking opportunities we aim to pave the way to success. Also, Clynx is the proof that being resilient and keeping your focus pays off.”– said Ines Matias, Business Creation Manager at EIT Health InnoStars.