FootBalance, the Finnish manufacturer of custom insoles, has entered into a partnership with a new investor, London-based IPGL Limited, which has acquired Scope Growth II L.P.’s shares in the company. “FootBalance has during our ownership evolved from a local provider of insoles to become a global category leader in foot health technology. We are proud to have supported the management team in developing the organization, creating new technology and establishing its international operations. FootBalance has a solid position for continued growth, and we believe that IPGL is an ideal partner for FootBalance next phase,” said Andreas Ossmark, partner at Scope. According to FootBalance’s CEO, Klaus Rauhansalo, IPGL is a great fit for FootBalance, having extensive knowledge and expertise across the technology, retail and medical service sectors. “Together, we plan to grow the FootBalance brand, invest in our proprietary MyFootBalance® 3D foot scanning technology, further develop our product portfolio and extend our distribution and geographic reach.” MyFootBalance®, FootBalance’s latest 3D foot scanning technology, offers consumers an all-in-one fitting experience, with personalized foot scans, biomechanical foot analysis and custom product recommendations. FootBalance is present in more than 50 countries with 1,500 distribution points, has performed more than five million foot analyses and sold more than four million pairs of custom insoles.

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