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

  • Kenbi logo

    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
  • Helppy logo

    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
  • Rest Less logo

    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
  • Qida logo

    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
  • Lottie Organisation logo

    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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