[Funding alert] Berlin-based Recare Secures €3.2 Million in Funding

Tuesday 2, 2024 | By Startup Rise EU

  • Recare, a healthtech company, secures €3.2 million to develop its digital discharge management marketplace in Germany.
  • Recare's increased focus on introducing its digital discharge management solutions to enhance patient aftercare procedures is made possible by the grant.
Recare, a germany startup as a service (SaaS) platform that serves as an impartial marketplace for hospitals to locate aftercare providers for their patients secures funding of €3.2 million.

Recare, a germany startup as a service (SaaS) platform that serves as an impartial marketplace for hospitals to locate aftercare providers for their patients secures funding of €3.2 million.

The funding is received at a critical juncture in the German healthcare system's digital transition. The Hospital Future Act (Krankenhauszukunftsgesetz/KHZG), which requires hospitals to digitise in order to increase their efficiency, is about to enter its last phase of implementation. As a result, gaining market share in the discharge management sector is crucial.

Read also - Italy-based Sense4Med Secures €510k in Funding

Maximilian Greschke, founder and CEO at Recare said, "We refuse the status quo of the healthcare system in Germany, or even Europe, where filling, scanning and faxing dozens of forms daily for patients is still the norm, We believe making processes faster and more secure with the help of technology is the key for positive impact in the healthcare system and ultimately helps healthcare professionals to focus on treating patients, not paperwork.”

The additional cash comes from a fresh round of investments from current investors and a €2 million loan provided by Gilion, which helps digital companies expand by giving them access to capital and forecasting.

Mariam Koorang, General Manager for Germany at Gilion, "Recare has created a compelling and easy-to-use platform in a complex and regulated environment, marrying great technical ability with first-hand industry expertise."

Recare is able to enhance patient aftercare procedures by concentrating even more on launching its digital discharge management solutions thanks to the funds.

About Recare

Recare is a digital platform that operates on the web and helps patients move from hospitals to care providers in an efficient manner. Their intelligent search tool facilitates secure, real-time contact between both parties by directing tailored inquiries to possible providers. For patients, carers, and medical personnel alike, the procedure is quicker and more transparent.

Read also - Germany-based moveXM Acquired Feeddex BV and 5-Star Specialist BV

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