Patronus raises 11 million to turn senior emergency smartwatches from 'bedside decoration' into daily-worn devices
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Patronus raises 11 million to turn senior emergency smartwatches from 'bedside decoration' into daily-worn devices
"Patronus' smartwatch addresses the stigma of traditional emergency call buttons by resembling a normal wristwatch, available in various colors and designed to be discreet."
"The consistent message from over a thousand potential customers was that the issue was not technical but a matter of dignity, highlighting the need for a more acceptable solution."
"With 25,000 users and an 85% daily wear rate, Patronus has successfully engaged seniors, handling over 500,000 emergency calls, showcasing the platform's reliability."
"Staudt's grandmother's experience with a traditional emergency call button, which she deemed 'bedside decoration', inspired the creation of a more user-friendly and dignified alternative."
Patronus, a Berlin-based senior safety startup, secured €11 million in funding to expand its emergency smartwatch platform and introduce AI-powered companion features. The company, founded in 2021, has previously raised €33 million. Patronus aims to address the stigma associated with traditional emergency call buttons by offering a smartwatch that resembles a regular wristwatch. Currently, 25,000 users utilize the platform, with an impressive 85% daily wear rate, demonstrating the product's acceptance and effectiveness in enhancing senior safety and well-being.
Read at TNW | Startups-Technology
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