The Berlin-based SaaS platform for digital therapy, Caspar-Health, has successfully raised €5.3 million in a Series A funding round for further growth of its platform. Thanks to Caspar-Health, medical facilities can offer digital therapeutic care to their patients before, during and after their in-hospital stay, thus sustainably improving the medical success of each treatment.
Caspar-Health, founded in 2016, is a digital therapy platform that meets all the requirements of the German Pension Fund for tele-therapy, as well as being approved by several insurance companies in the areas of rehabilitation, prevention and aftercare. With the help of Caspar-Health, medical institutions can carry out therapy measures digitally and remotely with their patients, to sustainably increase therapy success all while the quality of the received health service is ensured at all times.
Lead investor in this financing round is Ananda Impact Ventures, one of Europe’s leading social impact funds, which focuses on entrepreneurial solutions to social problems. Previous investors Atlantic Labs, Think.Health Ventures and Helmut C. Nanz also participated in the round. The three founders Maximilian Michels, Benjamin Pochhammer and Maximilian von Waldenfels continue to hold substantial shares.
Caspar-Health wants to use the financing to expand its market leadership in Germany in the field of digital therapy, further develop the product and create new care models for hospitals and their patients, plus provide all patients with access to individual, digital therapy.
“The combination of digital know-how and medical expertise at Caspar-Health is extremely convincing for us. The business model works. Caspar-Health enables nationwide coverage, which generates extreme added value for payers and clinic operators”, says Bernd Klosterkemper, a partner at Ananda Impact Ventures, further adding: “We are very impressed by the profitability and business success.”
The company is growing rapidly. From 2018 to 2019, turnover quadrupled to over €1 million. The number of hospitals using Caspar-Health for their therapeutic measures tripled last year to over 100, which represents almost 10 percent of the German rehabilitation landscape.
Founder and Managing Director Maximilian von Waldenfels says: “We are delighted to have found a lead investor in Ananda Ventures who will drive our positive impact in the healthcare market. With Caspar-Health, we have taken patient care into a new digital era and with this investment we will pursue our goal, to solidify our market leadership in the field of tele-therapy. This includes in particular, further product development and implementation of many other care models for our customers”.