German HealthTech Startup Recare Closes €37 Million Funding Round To Scale AI Platform And Expand Internationally

The round was led by independent assurance and risk management group DNV, with participation from CIBC Innovation Banking and other investors, making DNV Recare’s largest shareholder.

“Recare is proving that smarter workflows translate into measurable productivity for German healthcare. DNV’s investment will scale that impact internationally. Recare’s market leadership and ambitious AI plans fit perfectly with DNV’s focus on solutions that raise efficiency and reliability through secure, accurate, interoperable data,” said Daniel Holth Larsen, Managing Director, Digital Health, DNV.

Founded in 2017 by Maximilian Greschke and Charles Cote, Recare is on a mission to reshape discharge management and facilitate effective patient transfer from hospital to care providers. The HealthTech company improves hospital operations and care coordination with AI-driven workflow technology.

According to the company its AI agent helps care providers automate administrative tasks and coordinate workflows easing the workload of healthcare professionals amid persistent skills shortages.

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Recare cites a European Commission study estimating that Europe already faces a shortfall of around one million doctors and nurses, a gap expected to widen significantly by 2030.

Maximilian Greschke, CEO of Recare, said, “Hospitals are under enormous operational pressure, as healthcare professionals spend increasing time on administrative tasks leaving less capacity for what matters most: caring for patients. Recare’s AI agent platform relieves a large part of this administrative burden by leveraging unstructured data to rapidly orchestrate workflows.

“The new investment into our business will accelerate the roll-out of our AI agent across Germany and abroad, helping healthcare providers to transform their workforce capacity.”

Recare says its AI agent functions as a central intelligence layer connecting existing hospital IT systems. It coordinates clinical and administrative workflows across departments, automates documentation and routine tasks such as medical letters and handover protocols, and extracts and structures data from PDFs, scans, and free text into interoperable formats breaking down data silos and enabling end-to-end workflow continuity.

Recare will use the new capital to accelerate the rollout of its AI agent across hospitals and care facilities and to expand its international footprint.

In 2024, the company raised €3.2 million for its platform, which now connects around two-thirds of German hospitals, more than 650 rehabilitation clinics and 26,000 nursing and homecare providers.

About Recare

Recare is a web-based digital platform that streamlines patient discharge and transfers from hospitals to care providers. Using smart search and secure, real-time communication, Recare connects hospitals with suitable care facilities quickly and transparently, improving coordination for hospital staff, care providers, and patients while reshaping discharge management across healthcare systems.