Patronus, a Berlin, Germany-based elderly care startup, raised €27m in Series A funding.
The round was led by Singular and Adjacent with participation from Burda Principal Investments, Cavalry Ventures and UVC Partners.
The company intends to use the funds to roll out the app in Q4 this year and explore opportunities to expand its product range to other stakeholders who can benefit from the digital access point for elderly users.
Led by Ben Staudt and Tim Wagner, Patronus is an elderly care startup developing digital tools to make ageing more dignified. The company currently offers digital watch software for the elderly as well as a mobile app for carers and family members.
The watch software enables a 24/7 connection to the emergency call centre which has access to the user’s health records and caregiver contacts. It can be used both at home and on the move through a wide-ranging collaboration with Deutsche Telekom.
In the first step, Patronus focuses on offering family members options to be closer to the person being cared for and thus gain assurance about their well-being. This is achieved through the app, which connects the family with the elderly user via the phone feature. In addition, family members receive a variety of other information about the cared-for through the app, such as their location and activities.
In the future, Patronus wants to make the app accessible to a wider circle of caregivers, such as in-home caregivers, nursing homes and doctors.
FinSMEs
05/10/2022