Business · Companies · 1 day ago

Durcal raises €3 million to expand its elderly telecare service

Durcal raises €3 million to expand its elderly telecare service

Spanish company Durcal has raised €3 million to develop its technology-based telecare service for older people.

Investor Adrián Cheb Terrab joined the company and will also serve as its chief financial officer, alongside existing shareholders including Atresmedia, Telefónica and Prosegur.

Durcal says the funding will support hiring, product development, the use of artificial intelligence and expansion into international markets.

The company has established its business in Spain and is working in Italy to test its service and partnership model before a wider launch; it also wants to enter Latin America.

Its platform can work in multiple languages and connect with different alarm-monitoring centres and telecom providers, so it can be adapted for new countries without rebuilding the technology.

More than 16,000 families use Durcal, and the company says it handles about 300 emergencies a month.

As populations age, telecare can help older people stay independent for longer while giving their families reassurance.

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What people are saying

Francesc LucenaDurcal chief executive
This round means much more than financing; it is the starting point of a new stage for Durcal.
via Cinco Días
Adrián Cheb TerrabInvestor and chief financial officer
Durcal has demonstrated in Spain the potential of a new way of understanding telecare, combining the latest technology with a people-centred approach.
via Cinco Días