Osborne Clarke has advised Redstone on its investment in healthcare platform Careloop. Careloop secured EUR 2 million in its recent seed funding round.
The Social Fund of Redstone and EnjoyVenture focuses explicitly on investments in the health, education and housing sectors. With an initial EUR 50 million, digital business models are to be promoted that have a social added value and offer solutions for social challenges. In the area of housing, the focus is on increasing the quality of life; education start-ups are to receive support if they reduce social inequalities and ensure access to high-quality education. Healthtechs will receive funding if they ensure health care and contribute to the protection of a population that is getting older on average.
The start-up Careloop has taken up the latter: The online platform designed by Alexander Lundberg and Matti Fischer aims to alleviate the shortage of care workers and bring together nurses and geriatric care workers from abroad with institutions in Germany that are urgently looking for staff. The company accompanies the entire process, including recruitment, immigration, integration and recognition.
According to information from Careloop, 500 caregivers from 15 countries have been placed in Germany since its founding in 2019. By the end of 2023, the start-up aims to match 500 more care workers with employers from Germany. Careloop's clients on the corporate side include Arbeiterwohlfahrt (AWO), Arbeiter-Samariter-Bund (ASB) or Asklepios-Kliniken-Gruppe.
After Careloop received initial seed funding in the six-figure range two years ago, the company has now closed a EUR 2 million seed round led by Redstone with participation from IBB Ventures. Existing investors Swiss Founders Fund, Mediengruppe Klambt, WestTech Ventures, as well as new and existing angel investors also participated in the round.
The Osborne Clarke team advising Redstone consisted of Maximilian Vocke, Dana Alpar (both corporate / venture capital), Dr Lina Böcker, Philine Töpper (both IT), Robert Briske, Philip Funke (both IP), Dr Jens Wrede (tax), Dr Marc Störing, Neil Simon-Weaver (both data protection), Kamissa Kruse, Susanna Lorenz (both employment).