Flander, Belgium-based Watcherr, a provider of plug-and-play health distress systems, announced on Thursday, July 6, that it has raised over €2M in a funding round.
The round saw contributions from various investors, including private investors affiliated with the esteemed Business Angels Network (BAN) Flanders and Angelwise.
With a strong presence in Belgium, the United Kingdom, and Canada, Watcherr says it intends to utilise the funds to expedite its sales and marketing endeavours. It also intends to achieve international expansion through reputable distributors.
New changes within senior management team
Besides funding, the Belgian company announced the appointment of Erik Horemans as its new Chief Executive Officer. Horemans brings a wealth of experience in scaling startup teams within the software sector.
“We are grateful to have received such positive feedback from investors during this round, aiding our international expansion. It is an exciting time for the company as we continue to grow the business, and help to save lives thanks to our health distress system,” says Mr Horemans.
Additionally, Piet Steenberghs will assume the role of Chief Financial Officer. Steenberghs boasts an extensive finance background across various industries and has recently shifted his focus toward technology and SaaS companies.
Watcherr has also expanded its board by appointing new members who possess extensive business networks and years of experience scaling companies.
Watcherr: Provides SaaS and AI to nursing homes
Founded by Nikolai Stevens, Frederick Pouders, and Jonathan Stevens in 2016, Watcherr provides SaaS and AI to nursing homes, hospitals and people at home. This is done through an integrated plug-and play system of software and devices.
“Watcherr captures as much data as possible. Prevention is key : instead of intervening when a person falls, with Watcherr we want to prevent that person from taking the risk of falling,” says Nikolai Stevens, founder and CEO
The system continuously monitors the user to identify irregular (health) patterns to predict, notify and prevent emergency situations.
The system consists of a wristwatch connected to complementary devices such as wall buttons, gateways and beacons.
A central software platform registers all data and continuously monitors vital parameters. It was designed to connect all stakeholders – the patient, the doctor, the nurse, the physiotherapist, and family members.
The precise location determination works both indoors and outdoors.
It consists of location tracking and geofencing (indoors and outdoors), two-way voice communication, and heart rate monitoring.
“It has been an honour to lead Watcherr with the co-founders and such a great team,” says Stevens.
“We received numerous awards in different areas around the world and are quickly expanding in Europe, Canada and the UK. Due to the rapid expansion, we decided to get an experienced CEO to steer Watcherr in its international journey,” he continues.