Pioneering work in precision care: 2 million euros for the preparation of the market launch and the expansion of the team
As a co-founder with comprehensive IoT infrastructure, tech expertise and early financing, NBT creates the basis for fast, successful business development
Berlin, October 11, 2019 – The healthtech startup AssistMe is developing technologies for a needs-based approach to care in order to establish efficient work processes, relieve nursing staff, and address an aging population. Next Big Thing AG (NBT) has been involved as a co-founder since the initial business development and provides AssistMe with the framework for cost-efficient and successful growth. The venture of the Berlin-based Company Builder has now successfully completed a series A investment round with investors from the health and technology sectors in the amount of 2 million euros.
Precision care: Innovations for nursing homes
AssistMe develops the care IoT ecosystem of tomorrow. Its mission is to pioneer precision care to raise standards of care, meet modern demands and improve outdated work processes with proactive, data-based models. Their networked solutions support a dignified, more comfortable life quality for people in need of care. AssistMe's products include a sensor-equipped incontinence pant that transmits status information to the nursing staff and thus displays the optimal change intervals.
The healthtech startup from the NBT venture portfolio is now well equipped to drive the socially-significant healthcare sector into a promising future: "With the capital, we will take the next steps in product development and prepare our market launch. We are also looking to expand our team – we will increase the number of developers in particular," said Jens Grudno, founder and CEO of AssistMe, commenting on the investment round. "We are particularly proud of this milestone because we can now continue to work with full vigor to provide the best care for the generations that were once there for all of us.“
Future-oriented technologies for the care sector
"Care has immense social relevance - without such social services the functioning of society would be impossible. With its disruptive, innovative IoT solution, AssistMe is able to adapt to the growing needs of the huge digital healthcare market of the future. With NBT as co-founder, the next steps for successful growth have been taken," explains Christoph Brück, Chief Financial Officer of NBT, the main shareholder of AssistMe.
As a co-founder with an expert ecosystem, Next Big Thing AG continuously develops new, innovative business models based on the future technologies IoT, Blockchain and AI thus aiming to increase the pace of innovation in Germany. In this accelerated company building process, NBT checks the marketability of the ideas with the industrial partners and then founds the companies. With NBT's own venture design process, the Company Builder ensures a fast and steep success curve. With a clear focus on democratizing technology and the Machine Economy, NBT is laying the foundation for a future of trustworthy, high-quality data and automation through intelligent contracts and sensors. These make communication between connected devices more efficient, and pave the way for the Machine Economy with its partners.
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More information about AssistMe can be found here.
About Next Big Thing AG
Next Big Thing AG (NBT), founded in 2016, is a Berlin-based IoT and Blockchain Company Builder that establishes successful companies. The company provides a full range of services for the development of IoT joint ventures. NBT is Europe's leading company builder for the Internet of Things and Services (IoT/IoS) and blockchain and currently has 70 employees from 21 nations. As a company builder and corporate innovation partner and operational VC, NBT acts as a hub of a growing ecosystem of companies, founders, technologists, entrepreneurs, investors and politicians. With its unique know-how in IoT, NBT is the point of contact for innovation in Europe – so that companies can realize promising innovation with extraordinary speed. More information can be found here www.nextbigthing.ag.
AssistMe develops the care IoT ecosystem of tomorrow. Their mission is to pioneer precision care that raises standards, adapts to modern demands, and transforms reactionary processes into a proactive, data-enabled model. AssistMe’s products eliminate inefficient workflows and unnecessary workloads by addressing real-time knowledge gaps and enabling prediction of individual care needs at scale. More information can be found here https://www.assistme.io/.