Thursday, February 22, 2024
HomeFunding Lillian Care Secures €2.4 Mn Pre-seed Funding To Solve Rural Germany’s...

[Funding alert] Lillian Care Secures €2.4 Mn Pre-seed Funding To Solve Rural Germany’s Primary Care Shortage

Lillian Care, a healthcare technology firm co-founded by serial entrepreneurs and veterans of the German healthcare sector, announced today that it has raised €2.4 Million in pre-seed funding and anticipates securing an additional €2.4 Million at seed stage, bringing the total funding commitments to €5 Million. The pre-seed investment will ensure the provision of primary care in underserved areas despite a growing general practitioner shortage.

Lillian Care, a healthcare technology firm co-founded by serial entrepreneurs and veterans of the German healthcare sector, announced today that it has raised €2.4 Million in pre-seed funding and anticipates securing an additional €2.4 Million at seed stage, bringing the total funding commitments to €5 Million. The pre-seed investment will ensure the provision of primary care in underserved areas despite a growing general practitioner shortage.

Read also – [Funding alert] Agritech Startup FarmInsect Raises €8M Series A Funding Led by Sandwater

Nina Capital, a specialised venture capital firm with extensive experience at the nexus of healthcare and technology, led the new investment. Aescuvest, Caesar Ventures, OHA BTG, Calmstorm, professional angel investors, and successful founders like Björn von Siemens, Wieland Sommer, Inga Bergen, and Fredrik Debong were among the investors who also took part in the round.

“We are building a network of hybrid primary care practices supported by a comprehensive technology stack that enables fast setup, streamlined workflows for interdisciplinary care teams and telemedicine treatments,“ said Linus Drop, founder and chief executive officer of Lillian Care. „In Germany, the shortage of primary care physicians is a concern, especially in rural areas. To ensure medical care, we offer physicians and nurses an innovative care model that takes into account the needs of modern professional care teams and takes inspiration from the lessons learned by healthcare systems internationally.”

With the help of the Lillian Care platform, nurses can provide 60% of all treatments for outpatients with health complaints while also serving as their first physical point of contact. This strategy guarantees that doctors have more time and attention to devote to more complicated cases.

Read also – [Funding alert] Nortech AI Secures €2.5M Seed Funding From Indico Capital Partners, Others

Lillian Care offers high-quality medical care, a reintroduction of local healthcare to underserved communities where practises have closed, and improved working conditions for medical staff, all supported by the platform’s data-driven alignment of processes and clinical decisions.

“The Lillian Care model represents a disruptive innovation that aims to involve nurses in the management of chronic and elderly patients, initially focusing on rural areas and small cities, but with the potential for broader application within the healthcare system. Such models are increasingly recognized as essential for ensuring the long-term sustainability of healthcare systems,” said Marc Subirats, a veteran of the telehealth industry and General Partner at Nina Capital. “Lillian’s adaptation to the German situation is the best we have seen to provide close-to-home general practice services for an increasingly underserved and ageing society.”

Lillian Care will use this pre-seed funding to expand its hybrid practise network and become a market leader by 2030 by satisfying patients, nurses, and physicians and securing value-based care contracts with health insurers. The funding comes as c.4,000 primary care physicians’ offices are unoccupied and affected communities and citizens realise the limitations. Studies predict 11,000 primary care physician seats will be unfilled by 2035, which will hurt Germany, where 40% of counties have physician shortages. Regulators and health insurers have responded with new initiatives that boost Lillian Care’s innovative care model and network.

Read also – [Funding alert] Delft-based Qualinx Raises $10.2M Series A extension Round Funding

The Lillian Care leadership has influential supporters. Ulrich Weigeldt, honorary chairman of the Family Physicians Association, believes: „The Lillian Care concept can inspire young physicians to work as essential primary care physicians in underserved regions because they are relieved of administrative tasks, work from home daily, and collaborate.“

About Lillian Care

Lillian Care is a cutting-edge healthcare organisation that establishes hybrid general medicine practises across Germany, ensuring everyone has access to high-quality healthcare close to home despite the growing doctor shortage. Linus Drop, Dr. Florian Fuhrmann, and Markus Liesmann, who have extensive backgrounds in a variety of German and international healthcare fields, founded the company. Lillian Wald, widely regarded as the mother of American community care, is the source of the name Lillian Care. She had a significant impact on the advancement of healthcare with her hands-on, problem-solving style.

Read also – [Funding alert] Zurich-based Copresence Raises Over $6 Million in Seed Funding

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular