Milan-based startup TeiaCare, which develops healthcare analytics software for residential care facilities, has secured €7 million in funding, led by P101 SGR with participation from the Spanish family offices Namarel and Inderhabs, alongside existing shareholders.
- Established in 2018 by founders Guido Magrin and Luca Iozzia, TeiaCare develops AI-powered care monitoring technology for residential healthcare facilities, with its platform Ancelia using optical sensors and artificial intelligence to continuously monitor residents, analyse care environments, and generate actionable insights for nurses, caregivers, and managers to improve safety, efficiency, and decision-making.
- According to the startup, it currently serves over 150 clients across more than 200 facilities, supporting around 75,000 residents, and operates in a sector under pressure from rising demand for long-term care and an estimated workforce shortage of about 50,000 nurses in Italy alone.
Details of the deal
- With the capital raised, the firm plans to scale its business, expand into international markets beginning with France and Spain, enhance its AI-driven care intelligence platform, and extend its solutions beyond residential care into broader healthcare and home-care settings.
"This structural challenge requires empowering professionals with the right tools to make better, faster decisions. This is why we backed TeiaCare & Ancelia: AI for Care Homes Via its proprietary platform Ancelia, TeiaCare leverages AI and optical sensors to transform care environments into actionable insights, enabling a proactive, data-driven approach that enhances resident safety and supports nursing staff," P101's team, commented on LinkedIn.
