Post by UVC Partners
24,349 followers
Our next invest - today it's Patronus Group! 🚀 Most senior care tech fails before it starts. 🤯 The device ends up in a drawer. 🥹 That's not a technology problem. It's a design problem. Conventional home alarm devices have a consistent 14% wear rate. Patronus – a smartwatch that looks like a watch, with a built-in SIM and a direct line to emergency responders – gets 85%. 💡 That single number tells you everything about why this company is built differently. When UVC Partners first backed Patronus in 2021, they had fewer than 500 users. Today: 25,000. Over half a million emergency calls answered. A companion app connecting 50,000 family members in real time. 🚀 Germany alone has 9.6 million people over 75. Across Europe: 53 million. The desire to age independently is not going away – it's growing. And AI will accelerate the shift, not just in emergency response but in something harder to solve: loneliness. Twelve percent of people over 75 in Germany have no personal conversation on an average day. Patronus is building toward that too, with an AI companion baked into the watch. This is not a niche product for a niche market. It's a structural, demographic trend that will define the next few decades. We're proud to follow on in this €11M round alongside 3TS Capital Partners, GRAZIA EQUITY, Singular, Burda Principal Investments, Adjacent, and NAP. Keep going, Patronus team 👏 Ben Staudt, Teresa Storch, Ricarda B., Robert Sebald, Tobias Becker, and many more. 🩵
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