27 million euros for Patronus

The elderly care start-up now wants to use the money to launch its app, which is intended to link elderly people with their relatives.

Berlin-based elderly care start-up Patronus has successfully completed its Series A financing round, raising a total of 27 million euros. The money came from Singular, Adjacent and Burda Principal Investments, and existing investors Cavalry Ventures and UVC Partners are also back.

Ben Staudt and Tim Wagner founded Patronus 2021. The company offers two different tools designed to give older people more security, especially in emergency situations. One is smartwatch software that keeps a 24/7 connection to an emergency operations center, which in turn has the user's health data and emergency contacts. Second, Patronus offers an app that allows family members to keep in touch with their elderly relatives and also monitor where they are and what they are doing.

With the capital it has now raised, Patronus plans to launch the app, which was previously in beta, in the fourth quarter. "The new funding will enable us to create our vision of a world where aging is joyful and dignified," says co-founder Staudt.