What is Myo?
Myo operates as a digital communication platform designed to bridge the gap between nursing facilities, families, and service providers in the elderly care sector. The application facilitates secure and efficient information exchange, including the sharing of photos, videos, and documents, alongside the management of orders and appointments. Its primary aim is to improve workflows and transparency for nursing staff and family members, ultimately enhancing the care residents receive without requiring direct app usage from the residents themselves. This strategic investment positions Myo for significant growth and expansion within the digital health and elder care technology markets.
How much funding has Myo raised?
Myo has raised a total of $8.6M across 1 funding round:
Series A
$8.6M
Series A (2024): $8.6M with participation from BonVenture, Axel Springer Plug&Play Accelerator, Capacura, Round Hill Capital, Think.Health, and Mountain Partners
Key Investors in Myo
BonVenture
BonVenture is an impact venture capital firm that empowers impact-driven founders and investors across the DACH region by providing capital, expertise, and a robust network. They focus on digital health, equality and education, climate and nature, and sustainable consumption.
Think.Health
Think.Health is a boutique investment firm focused on early-stage and growth opportunities in healthcare ventures, investing between 500k to 10m. They seek innovations in digital healthcare, medical technologies, and health service providers.
Mountain Partners
Mountain Partners is a global multi-fund manager that operates as a holding company for a diversified investment portfolio and a network of venture capital funds across Europe, Latin America, and Asia. They specialize in investing in GP stakes in VC funds.
What's next for Myo?
With the recent Series A capital infusion, Myo is poised to scale its operations and further develop its platform. The company's focus on improving communication in elderly care aligns with broader trends in digital transformation within the healthcare industry. Future strategic initiatives will likely involve expanding its user base, enhancing platform features to incorporate advanced communication tools, and potentially exploring new market segments within the care continuum. The backing from investors like BonVenture, Think.Health, and Mountain Partners suggests a strong belief in Myo's potential to disrupt the elder care communication landscape and achieve substantial market penetration.
See full Myo company page
