Berlin-based startup Medwing, creator of digital HR management tools for the healthcare sector, has raised a €28 million Series B round led by Cathay Innovation, with participation from existing investors Northzone, Cherry Ventures and Atlantic Labs.
The German company has created digital tools that help hospitals and other medical care facilities with recruitment and HR processes, with the goal of keeping the healthcare sector fully (and more happily) staffed. In a press release, Medwing cites a World Bank statistic that the global shortage of health professionals is projected to rise to 20 million by 2030. “We have the technology to think and live healthcare completely differently – making it better for everyone,” says founder and managing director Johannes Roggendorf. “For example, we can balance work and family life for healthcare professionals in a way that no one needs to be stressed out anymore. We make it possible for well-trained nursing staff who give up their job after a few years and do something completely different to return to their actual calling.”
In addition to a platform that includes a pool of potential hires, a candidate matching system, and a tool for scheduling interviews and individual shifts, the company offers career consultation for healthcare professionals. So far over 200,000 have registered with Medwing, who provides the service for free to individuals and is paid by its 2,500 partner hospitals once a candidate is hired. Founded in 2017, the healthcare HR startup currently operates in Germany, France and the UK. With the new funding, the business will expand into more European countries and focus especially on its product development.
For Cathay Innovation, a global VC fund with offices in San Francisco, Singapore, Shanghai and Paris, this investment is its first in a German company.
Photo: Medwing founders Timo Fischer and Johannes Roggendorf
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