Patronus, a Berlin, Germany-based healthtech startup, raised USD7M in Seed funding.
Cavalry Ventures led the round with participation from UVC Partners and DN Capital, Hanno Hettintzenberg, Lukas Pieczonka and Lukas Pallua and Johannes Roggendorf.
The company plans on using the funds to increase the number of products for other stakeholders.
Patronus is a startup in healthcare that develops digital tools to help the elderly. It is led by Tim Wagner as well as Ben Staudt. Patronus offers both digital watch software for seniors and a mobile application for family members and caregivers.
With its proprietary software, Patronus transforms a smartwatch into a reliable companion for elderly people – including an emergency call function, from anywhere and at any time. Families will soon have the ability to participate more in the care and treatment of their loved ones. It will be possible to track medication and coordinate tasks with other caregivers.