Nelly Secures EUR 50 Million for Healthcare Fintech Expansion
Deal News | Jan 15, 2025 | Cathay Capital
Berlin-based health fintech innovator, Nelly, has completed a EUR 50 million Series B financing round led by Cathay Innovation, with participation from Notion Capital and existing backers such as b2venture, Lakestar, Motive Ventures, and arc investors. As a rapidly expanding player in the European healthcare sector, Nelly aims to digitalize financial processes, improving efficiencies in over 1,200 medical practices across Europe. The recent funding will drive their ambition to become the leading fintech in healthcare, facilitating international market expansion and advancing their comprehensive financial operating systems tailored for the healthcare industry. Nelly's platform addresses critical challenges in administrative inefficiencies, allowing practices more time to focus on patient care. With plans to continue product and geographical expansion, Nelly is set to enter more European markets, following its recent move into Italy, aiming to revolutionize medical financial processes across the continent.
Sectors
- Healthcare Technology
- Financial Technology (FinTech)
Geography
- Germany – Nelly is a Berlin-based company focusing on digital healthcare solutions, making Germany a key geography for its operations and expansion.
- Europe – Nelly's target market for expansion includes various European countries, reflecting its ambition to transform healthcare technology across the continent.
Industry
- Healthcare Technology – Nelly operates in the Healthcare Technology sector by providing digital financial solutions for medical practices, enhancing administrative efficiency and patient care.
- Financial Technology (FinTech) – Nelly is involved in the Financial Technology industry by developing a Financial Operating System for healthcare that digitalizes financial processes.
Financials
- EUR 50 million – The amount raised by Nelly in its Series B funding round to support its expansion and product development.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nelly | Target Company | Company | Nelly is a Berlin-based health and fintech company focused on digitalizing healthcare financial operations. |
| Cathay Innovation | Leading Investor | Company | Cathay Innovation is a venture capital firm leading the EUR 50 million funding round for Nelly. |
| Notion Capital | Investor | Company | Notion Capital is involved in the Series B funding round and contributes to Nelly's ambitions in healthcare fintech. |
| b2venture | Existing Investor | Company | b2venture is one of the existing investors backing Nelly in its latest funding round. |
| Lakestar | Existing Investor | Company | Lakestar is an existing investor supporting Nelly's growth in digital healthcare solutions. |
| Motive Ventures | Existing Investor | Company | Motive Ventures participates as an existing investor in Nelly's Series B funding. |
| arc investors | Existing Investor | Company | arc investors are part of the existing investor group in Nelly's EUR 50 million funding round. |
| Niklas Radner | Co-founder and CEO | Person | Niklas Radner is the co-founder and CEO of Nelly, leading its mission to digitalize healthcare financial operations. |
| Jacky Abitbol | Managing Partner at Cathay Innovation | Person | Jacky Abitbol represents Cathay Innovation, expressing support for Nelly's mission and growth. |
| Itxaso del Palacio | General Partner at Notion Capital | Person | Itxaso del Palacio, representing Notion Capital, expresses excitement in partnering with Nelly for its fintech ambitions. |