CIBC Innovation Banking provides growth financing to Recare in its €37 million funding round

CIBC Innovation Banking has provided growth financing to Recare, a Berlin-based provider of technology solutions for hospitals and care providers, as part of its €37 million funding round.

Founded in 2017, Recare provides its software platform to two-thirds of German hospitals and more than 26,000 care providers, helping simplify discharge management and aftercare. Recare’s AI agent enables care providers to automate administrative tasks and coordinate workflows, reducing the workload on healthcare professionals. This funding will accelerate the company’s introduction of a new AI agent to hospitals and care facilities and expand its international footprint.

Maximilian Greschke, CEO of Recare said: “Hospitals are under enormous operational pressure, as healthcare professionals spend increasing time on administrative tasks—leaving less capacity for what matters most: caring for patients. Recare’s AI agent platform relieves a large part of this administrative burden by leveraging unstructured data to rapidly orchestrate workflows. The new investment into our business will accelerate the roll-out of our AI agent across Germany and abroad, helping healthcare providers to transform their workforce capacity.”

Charlotte Goggin, Director, CIBC Innovation Banking, said: “We are pleased to support Recare as part of its latest funding round. For healthcare institutions, administrative tasks are time-consuming and take away from valuable hours that could be spent helping patients. Recare addresses this with its platform that maximises optionality for patients requiring aftercare solutions and streamlines the discharge and after-care processes.”

About CIBC Innovation Banking

CIBC Innovation Banking has 25 years of specialized experience in growth-stage tech and life science companies across North America – a longer track record than most banks. CIBC now has over $15BN in funds managed including life sciences, health care, cleantech companies, investors and entrepreneurs, and has assisted more than 550 venture and private equity backed businesses over the past six and a half years. Over the last 12 months, CIBC Innovation Banking has committed over $3BN in venture loans to the innovation economy. Connect with us today to start the conversation.

About Recare

Recare is a leading health tech company, improving hospital operations and care coordination with AI-driven workflow technology. Its network connects around two-thirds of German hospitals and more than 650 rehabilitation clinics and 25,000 nursing and homecare providers, helping reduce administrative workload and improve patient flow.

Founded in 2017 and headquartered in Berlin, Recare is expanding its AI technology into international markets to help healthcare providers work more efficiently and deliver more data-driven, sustainable care.