Berlin's Recare Gets €37M Boost for AI Healthcare Platform
Recare Leadership Team, (v.l.n.r.): Jono van Deventer (Interim Director of Product), Miguel Pereira (Director of Engineering), Christian Lenski (Director of Growth/Revenue), Christian Degenhardt (Director of Finance), Maximilian Greschke (CEO, Gründer), Moritz Küpper (Chief of Staff) - © Recare
Berlin-based healthcare tech company Recare has closed a €37 million funding round, including a €7 million option, led by DNV, an independent insurance and risk management provider. CIBC Innovation Banking and other investors also participated in the round, according to the company's press release.
Founded in 2017, Recare has built an impressive presence in the German healthcare market. The company currently serves two-thirds of German hospitals and more than 26,000 nursing staff with its Software-as-a-Service platform that digitally simplifies discharge management and aftercare. The fresh capital will primarily fuel the rollout of a new AI agent and support international expansion.
The AI agent addresses a critical challenge facing healthcare facilities: administrative burden. Medical staff increasingly spend valuable time on paperwork rather than patient care, particularly as skilled labor shortages intensify. Recare's solution acts as an intelligent hub that coordinates clinical and administrative workflows across departments, automates documentation tasks like medical letters and handover protocols, and automatically extracts and structures data from PDFs, scans, and free text into interoperable formats.
"Hospitals are under enormous operational pressure because medical professionals spend more time on administrative tasks, leaving less time for what matters most: patient care," explains Maximilian Greschke, CEO of Recare. "Our AI agent takes over much of this administrative work by using unstructured data to quickly coordinate workflows."
The investment makes DNV the largest shareholder in Recare. For DNV, which has operated in healthcare for nearly four decades, the deal strengthens its position in the German healthcare market and aligns with its focus on solutions that enhance efficiency through secure, accurate, and interoperable data. The company's digital health portfolio already includes DNV Imatis, MBI Health, and Patients Know Best.
Charlotte Goggin, Director at CIBC Innovation Banking, emphasized how Recare's platform maximizes choice for patients requiring aftercare solutions while optimizing discharge and follow-up processes.
Thinking about launching a business, setting up premises, or creating partnerships in Berlin?
We invite you to contact us.
Our team is ready to help you with our free consultation services.