Milan based healthtech company TeiaCare has raised 7 million EUR to scale its AI driven care monitoring solutions. The investment round was led by P101 with a 5 million EUR contribution while existing shareholders and new investors including Namarel and Inderhabs also participated in the financing.

TeiaCare provides the Ancelia platform which utilizes optical sensors and artificial intelligence to assist staff in residential care facilities such as nursing homes and dementia care units. The technology is designed to improve clinical insights and optimize care workflows for healthcare professionals.

The startup intends to use the fresh capital to accelerate its international expansion with an immediate focus on markets in France and Spain. Furthermore the company plans to broaden its functional scope by extending its applications into the broader healthcare and home care sectors while continuing to develop its spatial and care intelligence data solutions.