Withings raised $60 million Series B funding round co-led by Glide Healthcare

Withings, a Paris, France-based manufacturer of health devices, announced that it raised $60 million in capital funding.

The money was co-led by Glide Healthcare, along with existing Withings  investors IDinvest Partners, Bpifrance and BNP Paribas Développement, ODDO BHF and Adelie Capital.

Proceeds will be used to ramp up the company's MED PRO division, a part of the business formed last year that focuses on the company’s B2B efforts, placing its medical-grade consumer health devices in programs and deployments managed by medical professionals, health institutions, insurance payers, researchers and more.

Withings, founded as Nokia Health in 2008 and led by CEO Mathieu Letombe, is a producer of health devices designed to empower people to make the right decisions for their health. The company was re-acquired from Nokia  in 2018 by a group including its original founders and some of its original investors.