Patronus Group is a technology company.
Patronus Group has raised $34.0M across 2 funding rounds.
Patronus Group has raised $34.0M in total across 2 funding rounds.
Patronus Group has raised $34.0M in total across 2 funding rounds.
Patronus Group's investors include 50 Partners Impact, Adjacent, Amplify Partners, Array Ventures, Bond, Cavalry Ventures, Compound, Diaspora Ventures, Felicis Ventures, Left Lane Capital, Origins, Singular.
Patronus Group is a Berlin-based healthtech company founded in 2021 that develops wearable devices and digital platforms to enhance elderly care, enabling seniors to live safely and independently while supporting family caregivers.[1][3][4] Its flagship product, the Patronus Watch, is a stylish, mobile emergency call system with integrated SIM card, microphone, and speakers that functions anywhere in Germany, replacing outdated home-bound buttons; it's complemented by a family app for caregivers and real-time support.[1][3][4] The company serves elderly users, their families, and carers, addressing key problems like low adoption of traditional emergency systems due to stigma and immobility, with over 20,000 customers in Germany and operations in elderly care technology, IoT healthcare, remote monitoring, and mHealth.[1][3][4] Backed by a $7M seed round in 2021 from UVC Partners, Cavalry Ventures, DN Capital, and notable angels, Patronus Group employs 51-200 people, supports remote work, and demonstrates strong growth momentum through expanded stakeholder collaboration tools.[1][3]
Patronus Group was founded in 2021 by CEOs Ben Staudt and Tim Wagner in Berlin, Germany, driven by personal experiences with their grandparents' underutilized traditional emergency buttons, which were stigmatizing and often ignored.[1][3][4] A pivotal moment came when Staudt found his grandmother on the bathroom floor, unable to call for help, highlighting the urgent need for modern, wearable solutions in elderly care.[4] The idea emerged from recognizing the slow digitization of healthcare for seniors amid rapid tech advances elsewhere, leading to the development of the Patronus Watch and app; early traction included a fall 2021 seed round and rapid scaling to thousands of users across Germany.[3][4]
(Note: Patronus Technologies, a separate entity developing advanced materials for defense and extreme environments, is not affiliated.[2][5])
Patronus Group rides the wave of aging populations and digital health transformation, where Europe's elderly demographic (projected to grow significantly) demands innovative, non-intrusive care amid slow legacy system adoption.[1][3] Timing aligns with post-pandemic acceleration in remote monitoring and mHealth, fueled by IoT wearables and caregiver apps that reduce hospital burdens and enable independent living.[1] Market forces like rising healthcare costs and family caregiver shortages favor scalable solutions like Patronus, influencing the ecosystem by pioneering stylish assistive tech and collaboration platforms that boost adoption in underserved senior care.[3][4]
Patronus Group is poised to expand its platform beyond the watch into a full everyday care ecosystem, targeting broader European rollout and deeper integrations for carers and healthcare providers.[3][4] Trends like AI-enhanced monitoring, regulatory support for digital health, and sustainability in aging tech will shape its path, potentially amplifying influence through partnerships and further funding. As it scales from 20,000+ users, Patronus could redefine dignified aging, bridging the tech gap for seniors and solidifying its role in healthtech innovation.
Patronus Group has raised $34.0M across 2 funding rounds. Most recently, it raised $27.0M Series A in October 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2022 | $27.0M Series A | 50 Partners Impact, Adjacent, Amplify Partners, Array Ventures, Bond, Cavalry Ventures, Compound, Diaspora Ventures, Felicis Ventures, Left Lane Capital, Origins, Singular, Y Combinator, Adam Gries, Amjad Masad, Celine Lazorthes, Florian Douetteau, Howie Liu, Lukas Biewald, Moshe Lifschitz, Roxanne Varza | |
| May 1, 2022 | $7.0M Seed | Cavalry Ventures, HV Capital, Picus Capital, Team Global, Vorwerk Ventures, Florian Huber, Hanno Heintzenberg, Lukas Pieczonka, Peter Rive, Robert Gentz, Rubin Ritter, Thomas Griesel |