Hublo expands into Germany
The French healthtech raises 22 million euros. Now the start-up is moving to other European countries.
French healthcare start-up Hublo raises a total of €22 million in its Series A and is now looking to expand in Europe. Four countries are on the agenda until 2023 for the start-up, which was formed in 2020 from the merger of Whoog and medGo. The founding team wants to hire 200 new employees. In Germany, the start-up has not moved to Berlin or Munich, but to Cologne.
The start-up wants to simplify the everyday life of professionals as well as caregivers. The concept is digital personnel management, for example, to better plan existing resources and hire new people faster. In this way, the start-up wants to counter the shortage of nursing staff that has been manifesting itself in Germany for several years and is likely to remain a problem in the future. Hublo can already count 2800 hospitals, clinics and care facilities as customers.
According to the start-up, the financing round that has now been completed is one of the largest in the French start-up scene. Money came from Revaia (formerly Gaia Capital Partners) and Acton Capital, a Munich-based venture capitalist, among others. Sebastian Wossagk, Managing Partner at Acton Capital says: "By 2035, Germany will have a shortage of 500,000 care workers. The demand for care services already exceeds the supply of workers. With Hublo's digital solution, they can now optimally manage their most important resource - qualified caregivers - while sustainably improving their relationship with their employees."
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