Careship is insolvent

The startup's net loss for 2019 was €3.8 million. Now Careship is looking for a buyer.

After a failed exit, Careship has filed for bankruptcy. According to CEO Brian Plackis Cheng, a sole buyer for the company backed out at the last minute. Investors Creandum and Spark Capital also significantly reduced their stakes in the Berlin-based startup, according to information from German Startups significantly.

"We are now focusing all our efforts on finding new investors and a buyer respectively in the coming weeks. At the moment, no layoffs are planned," Plackis Cheng said at German Startups.

Antonia and Nikolaus Albert founded Careship in 2015, and Brian Plackis Cheng has been running the startup since 2019. Through its platform, Careship matches everyday helpers who want to support seniors. Last year, the startup said it supported 2,500 family caregivers.

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