11 Dec KPN Ventures expands investment in Sensara
Rotterdam, The Netherlands, 11 December 2019 – Sensara, supplier of a smart alarm system for elderly care, has raised a new round of investments from existing investors Van Herk Ventures and KPN Ventures. The additional investment of 4.4 million euros in total will be used to accelerate its growth in the United States.
Since the first investment by KPN Ventures in 2017, Sensara has achieved substantial growth, especially in the Dutch market where the company also cooperates with KPN. In 2019 it also entered the US-market. The first results that Sensara booked in the United States are very promising and American healthcare institutions have reacted positively about the approach and the speed with which Sensara can improve healthcare. KPN Ventures is convinced about the potential of these solutions in the United States.
Sensara wants to accelerate growth in the United States with additional staff, the expansion of its partner network and supporting marketing and sales activities. In addition, Sensara will use the investment to integrate existing Sensara products into one cloud solution, allowing a better and more rapid scale-up.
Sensara was founded in 2013 as a spin-off of Dutch research institute TNO, aimed at supporting elderly care with smart sensor technology. Sensara now offers solutions to over 350 healthcare organizations worldwide in offering the best possible personal care.
For more information, see the Sensara press release.
About KPN Ventures
KPN Ventures is the venturing arm of KPN, The Netherlands’ leading telecom company. KPN Ventures aims to build value-creating partnership with innovative technology companies, providing access to capital, infrastructure, expertise, network and customer channels. It focuses on direct and indirect (fund-in-fund) investments in early growth-stage European companies in the segments: Internet of Things, Smart Home, Digital Healthcare, Cyber Security, Video & Entertainment (OTT) Services, Cloud Computing, Data/AI and Networking Technology. KPN Ventures is based in Rotterdam. For more information: kpnventures.com.