the story of Withings
Withings revolutionized the healthcare connected technology sphere in 2009 when it launched the world’s first Wi-Fi enabled scale. Since then, Withings has become synonymous with stylish connected devices offering powerful health-related tracking abilities giving customers access to key new metrics and actionable insights. The company’s long-term goal is to help manage or prevent chronic conditions by giving people the tools they need to improve their lives. We have been working with Withings and its founder, Eric Carreel, since 2012. When BPI France, Idinvest Partners and 360 Capital Partners invested $30 million into the company to accelerate growth and international expansion. We once again advised Eric Carreel in 2018 when he chose to acquire Withings back from Nokia, having sold the business in 2017. Withings is now the European leader of the connected health movement with an extended product portfolio of connected devices such as the world’s first analog watch to record an electrocardiogram (ECG) on-demand (Move ECG) and at-home blood pressure monitors (BPM Core and BPM Connect). It also develops B2B services for medical professionals, such as Withing MED PRO DATA (data connectivity solution) and CARE (remote patient monitoring), facilitating the digitalisation of the healthcare sector for doctors, medical institutions, insurers, disease prevention and control companies, coaching platforms and researchers.
In May 2018, Eric Carreel acquired the company he had co-founded in 2008 back from Nokia, having sold it in 2016. While Nokia announced its strategy to focus on B2B products, Eric Carreel’s objective for Withings and its 200 employees is to develop as a major force in connected health and prevention.
In July 2013, Withings raised $30m with BPIFrance, Idinvest Partners and 360 Capital Partners, to help further growth and international expansion.
Eric is the archetype of the serial entrepreneur. He cofounded Inventel in 1990 with Jacques Lewiner (his doctoral supervisor at ESPCI). The company became a leading set-top-box manufacturer; in 2005, he sold Inventel to Thomson. Between 2008 and 2010, he then co-founded Withings (iOt, inventor of the first connected body scale), Sculpteo (3D printing) and Invoxia. Eric holds a PhD from the Pierre and Marie Curie University, and has authored over 50 patents.