Durcal, the first Spanish telecare app focused on seniors, has closed a €8M round led by Telefónica Ventures. Mangrove, KFund, Prosegur Tech Ventures, Aldea Ventures and Atresmedia, among others, as well as Durcal’s CEO, Guillem Viladomat, have also participated in the round. Across Legal has advised Durcal in the transaction.
The Durcal platform consists of a watch connected to a telecare application. This platform is the first telecare solution focused on non-stigmatising seniors, its appearance is similar to that of a smartwatch, but with all the functionalities of a telecare product. The smartwatch has integrated GPS with built-in SIM to work both inside and outside the home, allowing family members to know in real time where the person wearing the watch is or to measure vital signs that can be viewed from the free Durcal app, as well as establishing a communication environment between members of the senior’s family.
With this new investment, Durcal will continue to expand the promotion of its GPS-enabled smartwatch in Spain and develop new functionalities to meet the needs of older people in an increasingly remote and hybrid world. In addition, the team expects to further strengthen its presence in Spain and Andorra, and announces its expansion into Latin America.
“This capital injection comes at a key moment, as it will allow us to boost new services on the GPS watch, as well as consolidate the company’s growth with the online sale of smartwatches. In the not too distant future, we would also like to open operations in other countries that need solutions that meet their real needs. Our goal at Durcal is to become the leading remote family care platform and to be able to help as many people as possible around the world to go digital in a simple but effective way, without stigmatisation”, says Guillem Viladomat, CEO of Durcal.
Durcal has 9 million downloads of its free app and is the most complete app designed for the over 65s. Its mission is to reduce the technological gap in the sector and digitise this group by providing them with an app and a watch that allows them to be more connected with their relatives, democratising their access and covering the real needs of its users.
Source: Telefónica
