Scope invests EUR 7m into Footbalance

Swedish growth investor Scope has backed the Finnish producer of moulded insoles Footbalance.

Footbalance produces customised insoles to customers made through computer-aided analysis and in-store production units. The soles are currently available in more than 250 stores in the US, France, Denmark, Norway and Finland.

In Europe the soles are distributed through its strategic partner Intersport International Corporation.

Founded in 2003, the company is headquartered in Helsinki with a subsidiary in California.