Munevo expands into the USA

The start-up raises three million euros in a financing round for its smart wheelchair control system and plans to expand internationally.

The Munich-based start-up Munevo has raised three million euros for the expansion of its smart wheelchair control system into the USA and other international markets. Following the seed financing last year, Bayern Kapital, BayBG, be10x Capital and Roca X, among others, participated in the financing round alongside existing investors.

Diseases such as paraplegia, multiple sclerosis or Parkinson's disease can severely restrict freedom of movement and independence. With the help of Munevo's Smartglass app, those affected should be able to operate their electric wheelchair and other devices simply by moving their head. The Munich-based start-up has been on the market for four years. It was originally founded by Claudiu Leverenz and Konstantin Madaus in Munich in 2018. The idea for Munevo was born during a university course at the Technical University of Munich.

"We are very proud that the new funding will enable Munevo to grow and help many people," says Claudiu Leverenz, CEO and co-founder of Munevo.

With the new round of funding, Munevo aims to meet the increasing demand for its control system, build its distribution network in the US and expand its partnerships in Europe.

"Munevo's mission to give affected people more freedom and independence is impressive," explains Monika Steger, Managing Director of Bayern Kapital. "We are convinced that the dedicated team will now increasingly achieve this in the rest of Europe and in the USA, and are happy to support them with all our experience," says Steger.