Champagne corks are popping at Berlin start-up Medwing as the fledgling medtech company took in EUR 28 million in series B funding. The investors were led by Cathay Capital from San Francisco – it was the first time Cathay has invested in a German company. Also involved were the VCs Northzone, Cherry Ventures and Atlantic Labs.
Medwing has developed a platform for bringing carers together with hospitals, clinics and doctor’s office in need of personnel. Medwing says that it already has 200,000 health specialists and 2500 medical facilities registered for the service.
The company was founded in 2017 by Johannes Roggendorf and Timo Fischer. A survey carried out at the end of 2019 by the trade union Verdi and healthcare industry organizations found that German hospitals needs an additional 50,000 carers.