Gardia secures €8.5 million in Series A funding to enhance its innovative mobile emergency call system for seniors, aiming for significant growth in the HealthTech sector.
Information on the Target
Gardia, a HealthTech startup founded by Michael Hummels and Marlon Besuch, has secured €8.5 million in Series A funding for its innovative mobile emergency call system designed specifically for seniors. The solution centers around an emergency call bracelet equipped with automatic fall detection, which operates independently of a smartphone and is suitable for use both at home and while on the go. This all-in-one system encompasses hardware, software, an application, and an artificial intelligence algorithm, all of which were developed in-house to ensure a seamless user experience.
With a user base now exceeding five figures in the DACH (Germany, Austria, Switzerland) region, Gardia has established itself as a leader in the mobile emergency call market. This significant growth can be attributed to strong user loyalty and the advantage of full reimbursement for the service costs by German health insurance companies, thereby making it accessible to a wider audience.
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Industry Overview in Germany
The demographic landscape in Germany is experiencing a profound shift, with projections indicating that the population over 65 will increase significantly in the coming decade. This rise, part of a broader trend across the European Union, poses
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