Berlin-based HealthTech company Recare has secured up to €37M in growth financing, including a €7M option, to further develop its AI platform and expand beyond Germany.
The round was led by independent assurance and risk management group DNV, alongside CIBC Innovation Banking and additional investors. Following the transaction, DNV becomes Recare’s largest shareholder.
The funding is intended to support the next phase of growth as demand rises for technology that reduces administrative pressure in healthcare systems.
Addressing administrative overload in healthcare
Founded in 2017 by Maximilian Greschke and Charles Cote, Recare focuses on improving discharge management and patient transfers between hospitals and downstream care providers. The company’s platform uses AI-driven workflows to coordinate clinical and administrative processes, helping hospitals move patients into appropriate follow-up care more efficiently.
As healthcare providers across Europe struggle with staff shortages, administrative work continues to absorb a growing share of clinicians’ time. Recare points to European Commission estimates suggesting the region already faces a shortage of around one million doctors and nurses, a gap expected to widen by 2030.
Advertisement
AI agents as a coordination layer for hospital IT systems
Recare’s AI agent acts as a central intelligence layer that connects existing hospital IT systems. It coordinates workflows across departments, automates documentation such as medical letters and handover protocols, and extracts structured data from PDFs, scans, and free-text inputs.
By turning unstructured information into interoperable data, the platform reduces silos and enables end-to-end continuity across care transitions. According to the startup, this significantly eases the administrative burden on healthcare professionals while improving operational efficiency.
Scaling impact beyond Germany
The company already connects around two-thirds of German hospitals, more than 650 rehabilitation clinics, and approximately 26,000 nursing and homecare providers. In 2024, the company raised €3.2M to expand its platform footprint across the country.
With the new financing, Recare plans to accelerate the rollout of its AI agent across hospitals and care facilities in Germany while expanding internationally.
CEO Maximilian Greschke said hospitals are under increasing operational strain as administrative workloads grow, reducing time for patient care. He added that Recare’s AI agent platform helps free up workforce capacity by orchestrating workflows using unstructured data, and that the new investment will speed up adoption both domestically and abroad.
Strategic alignment with digital health investors
DNV highlighted the firm’s ability to translate smarter workflows into measurable productivity gains in healthcare. According to Daniel Holth Larsen, Managing Director of Digital Health at DNV, Recare’s market position and AI roadmap align closely with DNV’s focus on improving efficiency and reliability through secure, accurate, and interoperable data.
About Recare
Recare is a web-based digital platform designed to streamline patient discharge and transfers from hospitals to post-acute care providers. By combining smart search with secure, real-time communication, the firm enables faster and more transparent coordination between hospitals, care facilities, and patients, supporting more efficient healthcare delivery at scale.
