Nelly Solutions has raised €50 million in a Series B funding round led by Cathay Innovation to further its mission of digitalizing healthcare processes across Europe.

Information on the Target

Nelly Solutions is a rapidly expanding health and fintech company based in Berlin, recognized as one of Europe’s frontrunners in the digital transformation of healthcare. The company has recently secured EUR 50 million in a Series B funding round to further its mission in streamlining administrative and financial processes in medical facilities across Europe. Nelly's innovative platform, utilized by over 1,200 medical practices, offers patients a fully digital experience—from check-in to payment—enabling significant efficiency improvements for healthcare providers.

Founded in 2021 by Niklas Radner, Lukas Eicher, Rasmus Schults, and Laurids Seibel, Nelly is transforming healthcare operations by automating processes related to patient data and receivable management. With an aim to minimize the administrative burdens faced by medical staff and enhance the overall patient experience, the company has already digitized 30 million paper documents, processing over 2 million patients and saving substantial time and resources in the healthcare sector.

Industry Overview in Germany

The German healthcare sector is currently facing a urgent need for digitization, as reflected in a 2024 survey by the German Health IT Association (bvitg), which indicates that digital solutions could yield annual savings of up to EUR 6.4 billion for medical practices and hospitals. The largest savings potential resides within admi