BNP Paribas Fortis Private Equity invests in scale-up Nobi

Together with LSP Health Economics Fund, LSP Dementia Fund and PMV, BNP Paribas Fortis Private Equity is investing more than 13 million euros in the Belgian scale-up Nobi, known for its smart lamp that focuses on fall detection and prevention for the elderly. The existing shareholders are also stepping into this second, by Belgian standards substantial and international, influx of capital. In so doing, they confirm their confidence in a company that, on the one hand, wants to make a fundamental difference to the lives of elderly people in assisted living centres, service flats or simply at home. On the other hand, the smart lamp also serves the broader society, which, due to the rapid ageing of the population, is seeing the cost of care due to falls increase year after year.

The 13 million euros of new capital will be used to further develop long-term collaborations with assisted living centres, service flats and hospitals around the world, and to launch Nobi in people's homes. Nobi will also be investing in the redesign of its first generation lamps. Despite rising raw material prices, the company aspires to a lower-cost lamp to help as many people as possible. To achieve all this nationally and internationally, team Nobi will grow from 10 to more than 40 employees by the end of 2022.

Didier Beauvois, Head of Corporate Banking & Member of the Executive Board BNP Paribas Fortis: "This investment underlines our mission to support innovative companies with a positive social impact. Together with the reputable investment consortium, we are happy to support Nobi’s further expansion in order to meet one of the greatest challenges in our society in the coming years."

Read the full press release here