Emergency call provider Libify is developing an emergency call and tracking system. The Series B financing round is led by Munich-based venture capital firm Yabeo. The startup plans to use the fresh capital to advance its business in Germany.
In addition to Yabeo, ECB and existing investors Coparion, Heliad, P&W Media and Bayern Kapital are involved in the investment. Tim Julian Hartmann, founder and CEO of Libify, says:
"We already offer the most innovative emergency call solution today because we want people to feel safe well into old age. With Libify, we are laying the foundation for this. We are therefore delighted that we can continue to pursue this mission with the successful Series B. With Yabeo, we have an experienced and active partner on board who can support us in many areas and wants to help shape the care market of the future."
Matthias Sohler, founder and managing director of the investor Yabeo, says:
"With its investment in Libify, Yabeo has deep access to end customers, which is a valuable asset in the rapidly growing care market. Libify is the most advanced and digital home emergency call provider and therefore fits perfectly into our portfolio."
“Leading market positioning in the German care market”
Yabeo has been active in the care market since 2014 and has established CommitMed, the shipping company for care aids. As part of the financing round for Libify, the Munich-based company has now acquired 94.5 percent of the Berlin-based company. Over the next five years, the investor aims to build an ecosystem in the care market around the two companies.
"The partnership combines the best market access to care services through CommitMed with the best market access to end customers through Libify. This creates a leading market position in the German care market. The goal is to serve 200,000 customers in the German care market within the next three to five years,"
says Matthias Sohler.
