27 million euros for Patronus

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

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

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

Patronus intends to use the capital it has now raised to launch the app, which was previously in the beta phase, on the market in the fourth quarter. "The new funding will enable us to create our vision of a world in which ageing is a joyful and dignified experience," says co-founder Staudt.