Healthtech startup Gardia has announced the closing of an €8.5 million Series A funding round. The goal is to expand the reach of its mobile emergency system, focused on fall detection for elderly people.

Funding details

The round was led by European venture capital firm Peak, with participation from amberra (the corporate venture studio of Germany’s Cooperative Financial Group) and the butterfly & elephant accelerator by GS1 Germany. Existing business angels and investors such as BONVENTURE, Dieter von Holtzbrinck Ventures, and Beurer also reinvested.

Market context

The aging population in Europe is leading to a growing demand for elderly care solutions. In Germany, where most seniors live independently, there is a growing preference for aging at home, which clashes with the shortage of care workers.

Gardia's solution

Gardia has developed a mobile emergency system specifically designed for seniors. The solution centers on a discreet wristband with automatic fall detection that works both at home and on the go, without requiring a smartphone. Hardware, software, application, and AI are developed in-house and tailored to the needs of older users.

Future plans

With the funding raised, Gardia plans to scale further across the DACH region, to start an internationalization phase and to strengthen its B2B activities in the care and healthcare sectors.