Investors flock to smart care pioneer Nobi after positive trials

An agetech venture aiming to revolutionise fall detection and prevention and smart care has raised €35m to advance its mission for ageing well with dignity.

Nobi, founded in 2018 by serial entrepreneur and angel investor Roeland Pelgrims, completed the fundraise following promising results for trials of its care sector tech.

Its AI smart light, focused on fall detection and prevention, works in real-time, based on an AI model was trained for six years on more than 250,000 real-life situations.

Its AI-powered sensors and cameras monitor the environment continuously, enabling rapid intervention after a fall.

Studies suggest that waiting over an hour after a fall raises the likelihood of mortality within six months to 50 per cent.

Testing of Nobi in care settings found that the tech enable caregivers to respond 94 per cent faster, reducing waiting times from one hour and eight minutes to just four minutes.

At Hartland House, a care home in the UK, fall rates were reduced by 84 per cent following the activation of additional prevention measures in a second phase.

Nobi’s oversubscribed €35m Series B financing round was led by Angelini Ventures, the corporate venture firm of Angelini Industries, and Nexus NeuroTech Ventures. Others involved included 15th Rock, EQT Health Economics and EQT Dementia Fund.

“This funding milestone is yet another proof of the overwhelming need for agetech solutions that combine gold standard technology with award-winning design,” said Roeland Pelgrims, CEO of Nobi.

“Having such a diverse group of world-class investors and an all-star board reaffirms the global potential of our mission.”

Angelini Ventures MD Tanja Dowe said: “Nobi’s technology stands out by seamlessly integrating AI and advanced monitoring capabilities with a deep understanding of elderly care needs.

“Nobi delivers meaningful, clinically validated improvements to daily care operations in assisted living facilities and care homes, supporting both residents and caregivers. We also appreciate the ability to harness the Nobi platform beyond fall management, extending its use to more expansive health and disease monitoring, as well as care management.”