According to EU-Startups, Barcelona-based HealthTech startup Qida just secured €37 million in what’s being called 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 aims to serve 100,000 seniors and reach €100 million in annual revenue by 2027, up from €40 million expected this year. The company has already absorbed nine smaller home care providers in the past three years and plans to expand into new Spanish cities. CEO Oriol Fuertes Cabassa described the investor syndicate as “a triumvirate between a growth fund, a health fund, and an impact fund.”
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Why this eldercare round stands out
Here’s the thing – €37 million is massive for European HealthTech, especially in the elder care space. 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 basically dwarfs them all. And it’s not just about the money – this represents growing investor appetite for scalable, tech-enabled care models across Europe. The fact that Spanish investors like Asabys Partners and the Social Impact Fund joined in shows there’s serious domestic support for this kind of innovation too.
From caregiver matching to full HealthTech platform
Qida started back in 2018 as basically a digital platform to help families find home caregivers. But they’ve evolved into something much bigger. Now they’re building patient monitoring software for the Catalan government, launched Spain’s first insurance product covering conditions like Parkinson’s, and created what’s essentially an Amazon-style marketplace for senior services. They’re profitable, which is pretty rare for startups at this stage, and CEO Cabassa was clear that “this capital is not to cover losses.” Instead, they’re focusing on three pillars: growth, technology, and team development. They’ve already grown to 300 staff and 2,000 caregivers, with plans to hit 700 employees soon.
The ambitious roadmap ahead
So what does €37 million actually buy you in the elder care space? For Qida, it means aggressive expansion and serious tech investment. They’re bringing on heavy hitters like Daniel Alonso, former CPO at Glovo, and Jordi Tusell, ex-managing director of ambulance firm Falck. The technology team is expected to build AI-driven tools that bridge health and social services – think more proactive, preventative care models rather than just reactive assistance. They’re aiming to quadruple both their revenue and user base in just three years. That’s ambitious by any standard, but they’ve got the funding and the team to make it happen. Check out their services at qida.es to see what they’re building.
What this means for European HealthTech
This deal isn’t happening in a vacuum. European HealthTech startups attracted over €4.4 billion in early 2025 according to EU-Startups’ analysis, with AI-driven healthcare being a major focus. Qida’s success shows that investors are finally recognizing the massive opportunity in elder care – a sector that’s been historically underserved despite aging populations across Europe. The company has now raised €57 million total across four rounds, proving that social impact and profitability aren’t mutually exclusive. As Raúl Sánchez from the Social Impact Fund put it, Qida shows “it is possible to be a profitable company while also generating a positive social impact.” That’s the kind of validation that could open doors for similar startups across the continent.
