Cara Care raises $7 million in Series A
Berlin-based digital health company HiDoc Technologies, dba Cara Care , announced it has raised $7 million in Series A funding. The round was led by JJDC and Barcelona-based VC firm Asabys Partners through its fund Sabadell Asabys Health Innovation Investments SCR, SA, with participation from existing investor Atlantic Labs. Proceeds will be used to expand the market launch of the company’s Cara Care mobile companion app for people suffering from digestive health issues, with a primary focus on the US.
Founded in 2016 by André Sommer and Jesaja Brinkmann, Cara Care developed its digital app to span medication management, dietary and mental health interventions to improve gastrointestinal health. In 2018, the company extended its offer in Germany to offer paid remote medical nutrition therapy, which is already subsidized by 90 percent of German health insurance companies.
To date, Cara Care has helped more than 400,000 people in Germany and the US manage the symptoms of digestive diseases such as IBS, IBD, GERD, food intolerances, Crohn’s disease or ulcerative colitis, with a 78.8% treatment success rate.