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Carity Closes a Further Pre-Seed Capital Increase

St. Gallen, Switzerland

Jun 25, 2023

This new funding round will support the clinical testing as well as Swiss market launch of Carity's digital health application

Carity AG has closed two capital increase rounds, a first as part of a conversion of a convertible loan gathered in August 2022 and another with payment of cash proceeds. The 2 rounds are mostly supported by existing shareholders and adds as new investors a few new Angels as well as the Startfeld Foundation in St. Gallen. The raised capital will be invested in the clinical investigation of a first version of Carity's digital health coach to prove efficacy and in the preparation of the Swiss market launch which requires a formal medical device certification.

"We are grateful to our existing shareholders and new investors who believe with us in the need for more intensive blended care services for cardiac patients in rehabilitation," says Frédéric Gabriel, CEO of Carity. Carity AG was founded in July 2021.

About Carity. With several million cardiac events, such as heart attacks, in Europe per year, cardiac rehabilitation is an essential need. However, affected patients face a highly fragmented patient journey without unique throughout follow-up. To resolve these challenges, Carity develops a digital health application used by patients during and after cardiac rehabilitation accompanying patients until personal heart recovery goals are reached. Carity is connected to validated wearables devices, enables patients' psychocardiological monitoring and coaching. Carity's intervention is aimed at increasing the patient's motivation, engagement and reducing the risk of secondary events.

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