TeiaCare, an Italian startup working in the field of health technologies, has recently raised total funding of 1.1 million euros thanks to the support of the EIT Health Investor Network. The three major investors are VCs Nica Capital, Fresco Capital and Padda Health + healthcare angels.
“When TeiaCare was born, we had a specific goal: to improve care and restore dignity to residents of R.S.A. (health care facilities for long-term patients) through Ancelia, our first product. The enthusiasm for our technology, which has the power of humanizing assistance, is truly huge and I am proud of the results achieved, both in Italy and abroad,” says Guido Magrin, CEO and co-founder of TeiaCare, to Startupbusiness.
The startup was founded in January 2018 by three young innovators, together with Guido Magrin there are Luca Iozzia and Roberto Salamina. It aims to deliver technologies and innovative skills in the social welfare sector. The team were inspired by the personal experience of Guido’s grandfather, who was a long-term resident of an elderly care facility, and who developed severe complications during his time there.