Nelly, a Berlin-based health and fintech company, has raised €50 million in a Series B funding round. The round was co-led by Cathay Innovation and Notion Capital, with participation from existing investors b2venture, Lakestar, Motive Ventures, and arc investors.
Founded in 2021, Nelly aims to reduce administrative burdens in healthcare through its Patient Experience Platform and Financial Operating System (FinOS) for medical practices. These tools automate patient intake, document management, and payment processing while integrating seamlessly with existing practice management software.
Nelly’s solutions allow:
GDPR-compliant digital workflows, replacing paper-heavy processes.
Medical professionals to focus on patient care.
Patients to manage their healthcare journey—from check-in to payment—via smartphone.
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Impact So Far
- Over 30 million paper documents digitized.
- More than 2 million patients processed digitally.
- An average of 10 minutes saved per patient, equating to hundreds of thousands of hours saved in the healthcare sector.
- The firm now serves over 1,200 medical practices, doubling its customer base since its Series A round.
Expansion Plans
Nelly plans to use the funding to:
- Expand internationally, with a recent entry into the Italian market, addressing challenges in healthcare digitalization and administration.
- Enhance automation and innovation, solidifying its position as a leading fintech in healthcare.
Investor Confidence
CEO & Co-Founder Niklas Radner stated:
“Our investors’ support highlights their confidence in our ability to improve outcomes for healthcare professionals and patients. We are excited to further automate workflows and build Europe’s largest health-fintech company.”
Cathay Innovation, with €2.5 billion under management, and Notion Capital, specializing in B2B SaaS investments, praised Nelly’s potential to become a global category leader.
The Future of Digital Healthcare
With this funding, the Fintech is poised to redefine healthcare operations across Europe, ensuring efficiency and improved patient experiences through advanced fintech solutions.
