Encare, a Stockholm, Sweden-based health tech company that specializes in developing a Software-as-a-Service (SaaS) solution aimed at improving surgical outcomes, secured €1.5 million in a fresh round of funding.
The funds will be utilized to support the company's ongoing expansion, product development, and entry into new international markets.
The funding round involved participation from existing shareholders as well as new investors through the Society network.
Rasmus Waller, CEO of Encare, says, “Thanks to the continued support from our investors, we can continue our expansion and work towards our mission to positively impact the lives of millions of patients undergoing surgery worldwide.”
“By supporting healthcare providers in implementing best practices in surgical care, Encare can contribute to reducing the number of preventable deaths and complications during surgery.”
Encare digitalizes the ERAS® protocols under the ERAS® Society’s scientific supervision. By implementing these protocols, Encare aims to prevent unnecessary deaths and complications, resulting in substantial cost savings for the global healthcare industry.
Overall, Encare's SaaS solution and adherence to ERAS standards provide healthcare practitioners with the tools and protocols necessary to prevent complications, accelerate patient recovery, and reduce hospital stays. The recent funding injection will support Encare's continued growth and enable it to make further advancements in the field of surgical care.
Company: Encare AB
Funding Month: May 2023
Lead Investors: Undisclosed
Company Website: https://encare.net/
Software Category: Care Online System
About the Company: Founded in 2009 by Prof. Olle Ljungqvist, Encare is a health technology firm that develops a SaaS solution to improve surgical outcomes. The company's cloud-based interactive system enables healthcare practitioners to adhere to global treatment recommendations before, during, and after major surgical procedures. Encare currently serves more than 150 hospitals worldwide and has witnessed over 30% growth in the previous year. With the newly raised funds, the company aims to expand its revenue by extending sales to existing customers and attracting new ones.