Careship, the German marketplace for in-home care, scores further €6M funding
Summary
The round is led by Creandum, the European early-stage investor best known for being an early backer of Spotify, and will be used by the Berlin startup to further expand nationally.In addition to Creandum, European ‘impact’ investor Ananda Ventures joined the round, with participation from existing backers Spark Capital, Atlantic Labs, and Axel Springer Plug and Play.The marketplace connects families needing elderly care with access to qualified personnel using a “matchmaking algorithm” to help solve the suitability problem.In Germany, elderly care is funded by a state health insurance system and Careship co-founder Antonia Albert tells me the company has a 50/50 mix of state-funded and private customers.Likewise, Careship handles billing and coordinating insurances, in addition to keeping families connected and therefore remains a central point of contact and is arguably not prone to disintermediation.