Recare, a healthtech company that provides a digital platform and AI tools to streamline hospital discharge management and care coordination, closed a growth financing round of up to €37 mn, including a €7 mn option, to expand its AI platform and push further into international markets. The Berlin-based company develops workflow technology for hospitals and post-acute care providers.
The round was led by DNV, with participation from CIBC Innovation Banking and additional investors. The transaction positions DNV as Recare’s largest shareholder following the raise.
The new capital accelerates rollout of the AI agent across hospitals and care facilities while supporting international expansion. In 2024, Recare raised €3.2 mn to develop the platform.
Its network now connects around two-thirds of German hospitals, more than 650 rehabilitation clinics, and roughly 26,000 nursing and homecare providers, according to the company.
Daniel Holth Larsen, managing director for digital health at DNV, said Recare demonstrates how workflow optimisation converts directly into productivity gains inside German healthcare systems.
He added that the company’s AI roadmap and market position align with DNV’s focus on efficiency, reliability, and secure interoperable data across regulated sectors.
Recare’s market leadership and ambitious AI plans fit perfectly with DNV’s focus on solutions that raise efficiency and reliability through secure, accurate, interoperable data
Daniel Holth Larsen, Managing Director, Digital Health, DNV
Founded in 2017 by Maximilian Greschke and Charles Cote, Recare focuses on discharge management and patient transfers between hospitals and care providers.
Its platform targets operational strain inside hospitals by coordinating clinical and administrative processes through AI-driven workflows.
Recare says its AI agent automates administrative work and supports coordination between care teams, responding directly to staffing shortages across healthcare systems.
The company references European Commission data estimating Europe already faces a shortage of roughly one million doctors and nurses, with the gap expected to widen sharply by 2030.
Greschke said hospitals face mounting pressure as clinicians spend more time on paperwork and less time on patient care.
He said Recare’s AI agent reduces administrative load by using unstructured data to orchestrate workflows at speed. The latest funding supports broader deployment across Germany and expansion into international healthcare markets.
According to Recare, the AI agent functions as a central layer connecting existing hospital IT systems.
It coordinates workflows across departments, automates documentation tasks such as medical letters and handover protocols, and extracts structured data from PDFs, scans, and free text.
The company argues this approach reduces data silos and improves continuity across care pathways.
Recare offers a software-as-a-service platform that digitizes discharge management: hospitals use it to search for and coordinate follow-up care (rehab, nursing, homecare) for patients.
The platform standardizes requests, improves information flow, and helps match patients quickly to suitable providers, reducing manual phone/fax processes and administrative delays.
