10.5 million euros for Myosotis

News in senior care: Myosotis raised a total of 10.5 million euros in a Series A to expand its digital app solutions in DACH and the UK.

TVM Capital Life Science has announced that it has invested €8 million in Myosotis GmbH, a digital health startup based in Berlin. The funds come from a Series A financing round and will be used to expand Myosotis' business in the DACH region and the UK, particularly in the areas of marketing capacity, service quality and the development of new modules. Dr. Sascha Berger and Stefan Fischer from TVM will join the board of Myosotis.

Support for senior care

Myosotis' approach to communication in elderly care could transform this sector and lead to improved communication between caregivers, relatives and service providers."

Dr. Sascha Berger from TVM Capital Life Science

Founded in 2018, Myosotis aims to relieve caregivers through digital solutions and bring more transparency, participation and appreciation to the care sector. The company's communication app enables care facilities, families and service providers to communicate with each other easily, quickly and digitally. Relatives can participate in their loved one's everyday life by receiving pictures, videos, documents and making video calls. Additional modules facilitate administrative tasks, including ordering meals, monitoring complaints and managing external services such as laundries and pharmacies. Myosotis serves around 400 customers in the DACH region and the UK.

Stefan Fischer of TVM Capital Life Science added: "The new digitalization strategy of the German Ministry of Health not only recognizes the potential of digital solutions, but also opens the way for technologies such as Myosotis' apps to be meaningfully integrated into patient care. TVM is looking forward to launching this product in the DACH region and the UK."

Myosotis GmbH offers the first software-as-a-service solution for direct digital communication between staff, relatives and service providers in care homes. The app enables intuitive communication through photos, videos, voice messages and video calls. Customers include providers such as DRK, AWO, Johanniter and Agaplesion.