Kenbi raises €23.5 million in Series A round

Portuguese-German startup Kenbi has raised €23.5 million in a series A round, led by Endeavor Vision. With this round, the startup intends to speed up the development of its platform and reinforce the team in Porto, with 40 new employees.

“With this investment we will expand the technological innovations for the client, which go beyond the elderly target market, creating a category of medical assistance at home for a wider population: service agenda, care reports, care network contacts and a marketplace to request additional offers,” highlights Bruno Pires, the Portuguese co-founder of Kenbi. The other two founders of the company are Clemens Raemy (product manager) and Katrin Alberding (leader for marketing and human resources).

Founded in 2019, Kenbi uses technology to ease the nursing staff shortage, reducing the time these professionals have to deal with paperwork by 20%, the company reports. Nurses are hired directly by the startup to then provide home support. The solution already has over 300 caregivers providing services to patients in several states in Germany.

In the city of Porto, which hosts the startup’s technological office, 24 people currently work and there are goals to reinforce the team: the company will hire 40 new employees by the end of the year. Between nurses and engineers, the company employs 430 people in Portugal and Germany, 80% of whom are women.

In the future, Kenbi wants to invest in “online pharmacy systems, nurse-assisted telemedicine models, connected home devices and big data analysis for predictive healthcare”.

After this investment round – led by Swiss capital company Endeavor Vision, joined by existing investors Redalpine, Heartcore, Headline, Partech, among others connected to healthcare and Sillicon Valley Bank – the German-Portuguese startup has already raised more than €30 million from external investors.