According to EU-Startups, Spanish HealthTech startup Qida just secured €37 million in funding, marking the largest investment ever in Spain’s elder care sector. The round was led by French growth investor Quadrille Capital with participation from Barcelona’s Asabys Partners and the public-private Social Impact Fund managed by Cofides. Qida expects to hit €40 million in revenue this year and plans to quadruple both revenue and reach to serve 100,000 people by 2027. The company, founded in 2018, has already acquired nine smaller home care providers and employs 300 staff plus 2,000 caregivers. CEO Oriol Fuertes Cabassa emphasized this isn’t funding to cover losses – the company is already profitable and will use the capital for growth, technology, and team development.
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What makes this deal unusual
Here’s the thing – €37 million is massive for European eldercare tech. When you look at comparable 2025 deals, most are much smaller: Neu Health in London raised €1.9 million, Doctor.One in Warsaw got €4 million, and Teton.ai in Copenhagen closed a €17 million Series A. Qida’s round is more than double the next largest deal we’ve seen this year. And it’s not just the size – the investor mix is interesting too. You’ve got a French growth fund, a Spanish health specialist, and a public-private impact fund all coming together. That’s basically the holy trinity for a social impact company trying to scale.
How Qida actually works
Qida started as basically a marketplace for finding home caregivers – think of it like an Amazon for senior services. But they’ve evolved into something much more comprehensive. They’re now building patient monitoring software for the Catalan government’s public health system and even launched Spain’s first insurance product covering conditions like Parkinson’s. The technology angle is becoming increasingly important – they’re hiring former Glovo and Falck executives to build AI-driven tools that can bridge the gap between health services and social care. The goal is to move from reactive care to proactive, preventative models.
The bigger picture
This funding speaks to a broader trend in European HealthTech. AI-driven healthcare startups have attracted over €4.4 billion in early 2025 investment according to EU-Startups’ analysis. But what’s really interesting about Qida is how they’re balancing scale with social impact. They’re growing aggressively through acquisitions while maintaining profitability – which is pretty rare for venture-backed companies. And they’re doing it in a sector that’s traditionally been fragmented and underfunded. The question is whether this model can work beyond Spain’s borders. With international investors now on board, international expansion seems like the logical next step.
Why this matters
Look, Europe’s population is aging fast, and traditional care systems are struggling to keep up. Companies like Qida are trying to solve that through technology and scale. But the real test will be whether they can maintain quality while quadrupling their reach. They’re betting that better technology – AI, monitoring systems, integrated platforms – will let them deliver more personalized care to more people. If they pull it off, they could become the blueprint for how Europe handles its eldercare crisis. And given the demographic trends, that’s a problem we all have a stake in solving.
