Berlin-based Patronus picks up €27 million to support seniors in their daily lives
Summary
And we are thrilled to have Singular, Adjacent and BPI – in addition to our existing partners Cavalry and UVC – join us in our mission.” With the new funding, Patronus plans to continue its high growth trajectory. At the same time, the company will explore opportunities to expand its product range to other stakeholders who can benefit from the digital access point for elderly users. With their smartwatch, Patronus has seamlessly integrated a digital touchpoint into the daily lives of seniors, which has unlocked a proprietary way to provide them, and the people around them, with a whole new range of services. The team’s execution over the past year has led to impressive growth rates as well as engagement levels never seen before in this demographic, and we’re truly convinced that Patronus has the potential to become the global leader of the silver economy.” Stefan Walter, Managing Partner at Cavalry Ventures: “Being able to raise a Series A of this quality in today’s market demonstrates three things: A very appealing product has landed in a more than receptive market, the timing for the solution is ideal and finally, it is a testament to the excellence of the team. But more importantly, they have managed to attract exceptional talent and a stellar team in a very short period of time – an indispensable skill that will enable Patronus to take the leading role in this new category of tech for the elderly.”