“Nelly, the Berlin-based healthcare tech startup, has recently raised $51M in a Series B funding round to revolutionize medical treatments throughout Europe. Nelly’s innovative solutions simplify administrative workflows and facilitate patient onboarding at over 1,200 medical practices across the continent.
This successful funding round was led by Cathay Innovation and Notion Capital, with further contributions from existing investors including b2venture, Lakestar, Motive Ventures, and Arc Investors.
Despite progress in digital adoption, Nelly’s founders noted that various medical practices still utilize antiquated systems. To address this, Nelly created a software-as-a-service product that allows patients to book appointments and complete personal information digitally, reducing paper wastage and increasing efficiency.
Nelly’s solutions extend beyond patient onboarding. Their comprehensive product suite also online payments facility and review reminders for patients, while medical practices benefit from quick and efficient invoicing, billing and expense management systems, saving considerable time on administrative tasks.
The firm’s deep involvement in patients’ journeys and their seamless integration with medical practices’ back-office systems have created a high barrier to other fintech firms.
Now, Nelly’s services can be found in many countries within Europe including Germany, Austria, Switzerland, and Italy, with plans for further expansion. Nelly has also been chosen by the largest Dental Service Organizations (DSOs) in Europe, signaling robust market confidence in their products.
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