Gardia secures €8.5M to scale its mobile emergency system for seniors
European healthtech startup Gardia has secured €8.5 million in Series A funding to expand its innovative mobile emergency system for seniors. This investment, led by European venture capital firm Peak, signifies growing investor confidence in digital solutions addressing critical demographic shifts within the EU. The funding will fuel Gardia's growth and international expansion, highlighting a key trend in European digital policy: fostering domestic innovation to meet societal needs. Gardia's solution centers on a discreet wristband featuring automatic fall detection, operational both domestically and in public without the need for a smartphone. Developed entirely in-house, their technology encompasses hardware, software, application, and AI, specifically engineered for the elderly demographic. This holistic approach ensures a user-friendly experience, contrasting with more complex or stigmatizing existing systems, and demonstrates a commitment to building European-developed digital health tools. The enhanced demand for Gardia's system is directly linked to Europe's aging population, with over 97 million individuals aged 65 and older, projected to rise significantly. This trend, particularly pronounced in Germany where independent living is preferred but care worker shortages are acute, creates a pressing need for reliable safety solutions. Gardia's success, evidenced by a five-figure active user base and reimbursement through German health insurance, underscores the viability of European-developed digital technologies in addressing such profound societal challenges.
Curated and translated by Europe Digital for our multilingual European audience.
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