Healthtech

Q2 202404.04.2024

Assistive & Caretech

Picture of Shubham Jaipuria

Shubham Jaipuria

at Sifted

By 2100, the global population will reach 11.2bn, and of that, 3.2bn will be at least 60 years old, according to a UN forecast. That’s more than triple the current figure. Home monitoring software, in-home cameras, AI-powered speakers and motion sensors let healthcare providers assess seniors from afar. Additionally, bots are entering the conversation as well, albeit they are still too expensive to become the mainstream.

In the previous year, VC investment for care-giving startups in Europe totaled $93.1m, a sharp drop from the $525.5m raised in 2022. Late-stage funding in particular was lacklustre, with no rounds surpassing $40m in 2023. But things have picked up considerably in 2024, with European startups in this sector attracting $70m in Q1 (a reporting lag means this figure could grow). And new VC fund launches targeting the so-called “silver economy” is a good sign for caretech founders.

20 most promising early-stage startups

Sifted score
7.24
-
Kenbi
Personalized dementia care support in Germany
Strong investor(s)
Serial founder(s)
Hiring
- Year founded
  2019
- HQ
  Berlin, Germany
- Latest round
  Series A
  €23.5m / Dec 2021
- Total funding
  €30.5m
View company profile
Sifted score
6.6
-
Helppy
Personalized and transparent elderly care.
Serial founder(s)
Hiring
- Year founded
  2018
- HQ
  Helsinki, Finland
- Latest round
  Seed
  €3m / May 2022
- Total funding
  €3m
View company profile
Sifted score
6.49
-
Rest Less
Targeting over 50s with personalized services
Strong investor(s)
- Year founded
  2018
- HQ
  London, United Kingdom
- Latest round
  Seed
  €6m / May 2023
- Total funding
  €18.1m
View company profile
Sifted score
6.44
-
Qida
Personalized orthopedic care for seniors
Strong investor(s)
Serial founder(s)
Hiring
- Year founded
  2018
- HQ
  Sabadell, Spain
- Latest round
  Grant
  -
- Total funding
  €22.9m
View company profile
Sifted score
6.3
-
Lottie Organisation
Facilitating informed choice for care.
Strong investor(s)
Serial founder(s)
Hiring
- Year founded
  2021
- HQ
  London, United Kingdom
- Latest round
  Series A
  €19.1m / Oct 2023
- Total funding
  €29.9m
View company profile

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