VOY Advises Cavalry Ventures on Patronus Series A
A team led by Johannes Steinacher supported existing investor Cavalry in the EUR 27M Series A financing round of Patronus.
The round was led by Paris-based investor Singular and NYC-based investor Adjacent with participation from Burda Principal Investments as well as existing investors Cavalry Ventures and UVC Partners. The Series A was closed less than a year after the company raised EUR 6 million in its seed round.
About Cavalry Ventures
Cavalry Ventures is a Berlin-based venture capital firm that backs bold tech entrepreneurs. Founded in 2016 by a group of seasoned entrepreneurs, Cavalry is a first-check investor and initially invests in European pre-seed or seed-stage technology companies, across the enterprise as well as consumer spaces. Through a dedicated platform team, Cavalry aims to connect its entrepreneurs to investors, engineers, academics, executives, industry experts, and others to create the optimal ecosystem for its portfolio companies to thrive. Cavalry has backed more than 50 companies, including Forto (backed by Softbank), Bryter (backed by Tiger Global, Accel), Rekki (backed by Benchmark, Atomico), PlanRadar (backed by Insight), and Clarisights (backed by Sequoia).
Patronus addresses the danger that elderly people end up in an emergency situation without getting any help by offering software that turns smartwatches into digital watches for the elderly. The watch software enables 24/7 access to an emergency call center and can be used both at home and on the move. The startup intends to offer as a next step a family app, which allows family members to check on the well-being of their elderly loved ones at any time. In the future, the app shall become accessible to a wider circle of caregivers, such as in-home caregivers, nursing homes, and doctors.
VOY is a law firm and tax consultancy for founders and investors creating a digital client experience that focuses on additional value with direct and uncomplicated legal advice of the highest quality.