Amsterdam-based Pal secures €300k pre-seed to make digital palliative care accessible for all | EU-Startups

Pal, a digital palliative care company, announced the successful close of a €300k pre-seed round to improve access to at-home palliative care for people affected by a serious illness. 

This investment round drew in Plug and Play Ventures, and joined by several angel investors with deep industry knowledge, and was further backed by Rabobank through the infusion of the Rabo Innovation Loan.

The latest funding builds on a previous incubation round raised from Antler. The new funding accelerates the launch of Pal’s digital palliative care solution, tackling long-standing healthcare challenges to improve access to affordable and timely palliative care. 

“I have experienced first-hand how challenging it can be to become a caregiver for a loved one overnight, without getting proper support, tools, or guidance. Pal is the exact solution I wish I had myself when I was caring for my mom”, said Nara Moripen, Pal’s co-founder and CEO. “This funding fuels our upcoming product launch and enables us to make palliative care more efficient, affordable, and accessible for all.”

Founded in 2022, Pal helps patients, family members, and healthcare providers by directly addressing the core challenges of everyday palliative caregiving, such as daily care provision, symptom management, and care team collaboration. By optimizing existing resources, Pal helps enhance care quality, improve quality of life, and boost care provider efficiency.

Nicholas Cointepas, from Plug and Play, said: “We are proud to invest in Pal and to contribute to their important mission. Palliative care is an area of healthcare that can be difficult and scary, so Pal’s solution to help ease the burden on family, friends and other caregivers of palliative patients is a welcome one. Getting to know Nara, Azi and the rest of the Pal team, we were impressed with their approach, attitude and drive, but most of all with their commitment to making Pal a real resource for those going through a difficult time.”

Every year, close to 60 million individuals are reliant on palliative care to ensure their comfort and quality of life, but currently, only 14% of those who need it have access to it. Pal tackles the pressing social issue of untimely and insufficient palliative care for people with life-limiting illnesses. This challenge is intensified by aging populations, increasing incidence rates of serious illnesses such as cancer, and growing healthcare staff shortages. Despite the WHO recognizing palliative care as a basic health right, healthcare systems worldwide remain unable to provide adequate access, placing undue stress on both patients and their families. As a result, family members have to take on caregiving responsibilities and face the inevitable challenges of assuming such a critical role without proper training, necessary resources, sufficient knowledge, or digital support.

Cherif Miloudi, from Rabobank, added: “Digitalization in healthcare is essential, and Pal empowers every family to access and benefit from palliative care effortlessly. Rabobank takes immense pride in supporting Pal with our Rabobank Innovation Loan, designed to support innovative business propositions like Pal’s, and looks forward to supporting their growth.”

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• Source: https://www.eu-startups.com/2023/09/amsterdam-based-pal-secures-e300k-pre-seed-to-make-digital-palliative-care-accessible-for-all/