Berlin-based startup HealthCaters, providing accessible health monitoring to people of all ages, has netted $1.2 million in seed funding. The round was led by Barmenia Next Strategies, with the participation of Venpace, DvH Ventures known for investing in OKKO Health and Broken String Biosciences, and angel investor Philipp Götting.
Physical screening stations
The funds will be used for product development and team expansion to make HealthCaters health assessments more accessible in Germany and to expand to other international markets.
Due to the immense demand from private individuals, HealthCaters is all set to open an offline drop-in location with screening stations in Berlin and holds pop-up events in cities throughout Europe. Also, the company plans to expand to additional locations, thereby letting anyone seeking a check-up and a personalised health improvement program to be able to do it within a matter of minutes.
AI-powered health coaching app
Co-founded by Lilia Kruse and Tatyana Eliseeva, HeathCaters is dedicated to making disease prevention accessible and affordable for everyone. It has launched a venture to tackle the challenge of disease prevention. Despite the alarming statistics, traditional healthcare systems don’t place sufficient emphasis on preventing diseases. HealthCaters aims to fill this crucial gap by offering health assessments to give people the power to take control of their health.
This is achieved through its dual-component product: a medical self-screening station and an AI-powered health coaching app. The screening station allows people to test 27 health indicators, with the support of a virtual health assistant. Results are immediately analysed in the app, which produces a 360° health assessment and concrete action points rooted in evidence-based medicine.
HealthCaters is making a substantial impact assisting companies such as Barmenia, Cargill, WeWork, and others in monitoring their employees’ health and reducing insurance costs. Using the HealthCaters app, employees can minimise doctor visits and sick days by learning how to proactively manage their health. From the feedback, it is said that this approach is highly appealing to employees, who prefer the simplicity of supported self-management over complex and scarce in-person health check-ups.
According to Tatyana Eliseeva, co-founder of HealthCaters, said: “Preventive care is no longer a niche market. With the medical system becoming more reactive, people are realising that proactively taking control of their health is the most effective way to avoid illness and chronic disease. Our goal is to establish ourselves as the go-to health assessment service for modern and health-conscious individuals that fits their busy schedules. We will continue to partner with corporates and health insurers to provide access to preventive healthcare to more people globally.”
Lilia Kruse, medical doctor and co-founder of HealthCaters, further explained: “Unfortunately, the mindset of treating symptoms instead of preventing disease remains the widespread norm in modern medicine. But health does not begin the moment we enter a clinic, feeling sick. It begins the second we are born and is shaped throughout our lives. People are demanding transparency and knowledge on how to control health outcomes. People no longer want to be spectators in healthcare – they want to be drivers. Now more than ever.”
Jan Seidel, Managing Director at Barmenia Next Strategies, emphasising the importance of HealthCaters’ mission, stated: “Health is the most important resource we have as humans. HealthCaters is on a mission to prevent diseases while helping businesses become more effective and sustainable, reducing costs on insurance, sick leave and staff turnover.”