During the emergency, Covid had record results, with double-digit monthly growth. And today Epicura, the first digital clinic in Italy, has closed its third collection of capital. With a Series A funding round worth 5 million, EpiCura has reached a total funding of approximately eight million. The Turin startup can count on a network of 900 certified professionals and offers home health and social assistance services in the 10 main Italian cities, as well as tele and video consultations and long-term assistance for the elderly throughout the country.
The operation led by Europ Assistance
Leading as lead investor is Europ Assistance Italia, a private assistance company of the Generali Group, with an investment of 3 million, which makes its entry into EpiCura with an industrial partner logic with the aim of bringing partner services – assistance from the digital clinic to its customers nationwide. Alongside him are investors linked to the Ersel network, a specialist in asset management, which has already supported some of the Italian start-ups in structuring transactions through Simon Fiduciaria. Finally, it is important to reconfirm the confidence in the business model and in its evolution by the initial group of angel investors and the Investors Club, which followed the new capital increase.
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Medical assistance and services for the elderly
Thanks to the resources collected, EpiCura will continue to simplify the health and social assistance sector with a long-term elderly care service brought to the market by the startup in December 2020 – from carers for night care, to continuous care and cohabiting carers – for which EpiCura, in addition to the selection of the professional, also manages the bureaucratic procedures for insertion and recruitment. Since its birth, EpiCura has been alongside over 3 thousand families and has provided over 31 thousand hours of services. The operation will allow EpiCura to continue its national expansion with the entry into new cities and the offer of new services, investing in the evolution of its digital health platform, a point of access for people to their ecosystem. This latest round comes two years after the previous one for one million euros.
A response to growing needs
“In a social and market context that has made it clear to everyone how much home medical assistance is a solution to meet the multiple needs of Italian families, as well as to lighten the burden of public hospitals, EpiCura has not only found confirmation of the their vision but the incentives to make their offer more complete and efficient. This is what has been recognized by the new shareholders who enter our capital »commented Gianluca Manitto, CEO and co-Founder of EpiCura.
From his side, Fabio Carsenzuola, managing director of Europ Assistance Italia, concludes: «Home care is a front on which Europ Assistance is very committed with particular attention to the elderly and the chronically ill. We know how much the pandemic has made it even more necessary to have access to medical care without necessarily having to go to health facilities. We work to always offer the easiest and most effective access to assistance possible. With this operation we want to strengthen our presence both on home care and on access to qualified medical advice via teleconsultation, faithful to our promise of “live and work well at home” ».