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On 21 September, Epoca announced that it had raised almost €10 million to develop its homecare solution for complex patients using connected technologies. The company’s aim? To improve the care of elderly people at home through remote medical monitoring and connected objects.
A medical and care team and publisher of an open remote monitoring platform, start-up Epoca has announced that it has raised a total of €10 million, including €3.5 million in bank debt. The deal was led by a consortium of investors, advised by Joffe & Associés (Thomas Saltiel and Rudy Diamant) and including Mutuelles Impact (a fund backed by Mutualité Française and managed by XAnge), Ring Capital, Orange Ventures and Investir&+. These new investors have joined existing investors Makesense and Elzeard in backing the start-up.
Epoca was founded in 2019 by Elise Cabanes, a geriatric doctor and emergency physician, and Mariana Fernandes, a nurse specialising in geriatrics. Their conviction was that many of the patients they saw in geriatric emergencies could benefit from care at home thanks to continuous medical monitoring.
To make this vision a reality, they developed a remote monitoring platform based on the use of connected medical devices. These devices collect data which is then analysed by medical and paramedical care managers. These professionals are available 24 hours a day, 7 days a week, and their role is to assess the person’s state of health and design a personalised care plan accordingly.
With this injection of funds, Epoca intends to continue deploying its solution, not only for patients at home, but also in independent residences, homes for dependent elderly people (EHPAD) and hospitals. The company’s aim is to monitor almost 2,000 patients by the end of 2023; it currently employs 30 people, including 15 healthcare professionals.
- Purchaser or Investor : INVESTIR& + , Andréas Gall , RING CAPITAL (RING) , Daphné Dupont Gurs , ORANGE VENTURES , Mathieu de la Rochefoucauld , BUSINESS ANGEL(S) , MAKESENSE , Léa Zaslavsky , ELSAN (EX VEDICI) , Jérôme Nouzarède
- Company Investment banker / M&A advisor : BLUEPRINT PARTNERS , Marc Chancerel , Eric Plantier , Elaine Yisi Wen
- Company Corporate Lawyer : DUMON PARTNERS , Bastien Moraga
- Purchaser Corporate lawyer : JOFFE & ASSOCIES , Thomas Saltiel , Rudy Diamant
- Acq. DD Financial : ACD CONSEILS , Cyril Doukhan
