What is Recare?
Founded in 2017, Recare operates a sophisticated SaaS platform designed to digitize and automate the intricate processes of discharge management and patient transfers. By utilizing AI-powered workflow technology, the company addresses the systemic inefficiencies inherent in hospital operations and care coordination. The platform acts as a central nervous system for healthcare providers, integrating with disparate legacy systems to automate documentation and reduce operational friction. Its network currently encompasses a significant portion of German hospitals, alongside a robust array of rehabilitation clinics and homecare providers, effectively bridging the gap between acute care and post-acute services.
How much funding has Recare raised?
Recare has raised a total of $44.3M across 1 funding round:
Private Equity
$44.3M
Private Equity (2026): $44.3M with participation from DNV and CIBC INNOVATION BANKING
Key Investors in Recare
DNV
DNV GL is an independent risk management and quality assurance company serving the maritime, oil and gas, energy, and renewables industries. The company was founded in 1864 and is headquartered in Oslo, Norway.
CIBC INNOVATION BANKING
CIBC Innovation Banking is a financial institution. It provides credit cards, lending and investments. The company was founded in 2000 and is based in Toronto, Canada.
What's next for Recare?
Looking ahead, the strategic deployment of this capital will likely focus on deepening the platform's integration capabilities and enhancing its AI-driven predictive analytics. As the healthcare industry faces increasing pressure to optimize resource allocation and improve patient outcomes, Recare's role in reducing administrative burden becomes increasingly vital. The company is expected to leverage this investment to strengthen its market leadership, potentially exploring further geographic expansion or diversifying its service offerings to include more comprehensive care management tools. By maintaining its focus on interoperability and user-centric design, Recare is poised to remain at the forefront of the digital transformation of European healthcare.
See full Recare company page