JBR Corporate Finance
Growth capital for Watcherr
JBR Corporate Finance acted as advisor to Watcherr and its founder
JBR Corporate Finance team consists of:
Frank Hermans, Rik van Meirhaeghe and Valentijn Destoop
Consortium of private investors provides capital to accelerate further growth of Watcherr.
JBR mentored Watcherr and its founder.
Watcherr, a Belgian MedTech company founded in 2021, provides SaaS and AI to healthcare facilities and people at home through an integrated plug-and-play system of software and devices (smartwatch, smartphone, other). The system continuously monitors the user, both patient and caregiver, to identify irregular (health) patterns to predict, notify and prevent emergencies.
Watcherr is already being used in Belgium, United Kingdom and Canada.
Watcherr has successfully raised €2 million in a Series A financing round with a consortium of private investors.
JBR assisted in preparing a presentation for investors, setting up a financial model, identifying and approaching potential investors, as well as negotiating and advising on structuring the deal and preparing the term sheet.
Facts and figures
Watcherr
Watcherr is an AI health solution for nursing homes, homes and other institutions. It has a nurse call system integrated with data insights to provide a complete picture of the user's health status to prevent and detect health crises
- Watcherr from Erembodegem in Belgium came to market in 2021 with a system that works plug-and-play with a smartwatch that patients wear along with their smartphones.
- Belgium, United Kingdom and Canada already use Watcherr
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When a potential health-critical event is detected or an irregular health pattern is identified in real time, the Watcherr system sends an immediate alert to healthcare providers via the Watcherr Mobile App
- Staff is immediately notified of a resident's location as soon as an alert is issued
Investors
- Watcherr has successfully obtained €2 million in growth capital from a consortium of private investors.
- Watcherr has recruited new board members with a large business network and years of experience in scaling companies and immediately announces changes within the senior management team
- The private investors provided growth capital through an equity stake in Watcherr
- The funds raised will help Watcherr accelerate the sales and marketing to expand internationally through reliable distributors
- JBR assisted in preparing a presentation for investors, setting up a financial model, identifying and approaching potential investors, as well as negotiating and advising on structuring the deal and preparing the term sheet
Erembodegem, Belgium - July 2023
Press Release
Belgian Watcherr closes investment round totaling more than €2 million
Watcherr currently operates in Belgium, the United Kingdom and Canada, and the funds raised will help accelerate Watcherr's sales and marketing efforts to expand internationally through trusted distributors.
Watcherr also immediately announces changes within the senior management team, with Erik Horemans joining the Watcherr team as Chief Executive Officer, and Piet Steenberghs joining the Watcher team as Chief Financial Officer.Erik Horemans brings a wealth of experience from the technology industry, with a special focus on scaling startup teams within the software industry. After his experience in financial audit at PWC, Piet Steenberghs has held various financial positions in different industries and has recently focused on tech and SaaS companies.
Watcherr has also recruited new board members with a large business network and years of experience in scaling businesses.
"We are grateful to have received such positive feedback from investors during this round, which contributes to our international expansion," said Erik Horemans.
"It has been an honor to lead Watcherr together with the co-founders and a great team, "said founder Nikolai Stevens. "We received numerous awards in different territories around the world and are rapidly expanding in Europe, Canada and the UK.
Watcherr offers a plug-and-play health detection system that uses Bluetooth and mobile technology for various sectors. The system continuously monitors the user and provides an alert via the mobile application when the user sounds an alarm or when an irregular pattern/activity is detected. Features such as location tracking and geofencing (indoor and outdoor), two-way voice communication and heart rate monitoring are combined into one waterproof portable device that can be charged on the go.
Contact the team personally
Frank Hermans
Associate
Rik van Meirhaeghe
Managing Partner JBR Belux
Valentine Destoop
Associate