Osborne Clarke has advised Cathay Innovation and Notion Capital on the Series B funding round of the health FinTech Nelly Solutions. The Berlin start-up raised more than EUR 50 million to further drive its growth and support the digitalisation of medical practices.
Nelly Solutions, founded in 2021 by Niklas Radner, Lukas Eicher, Dr Tobias Heuer, Rasmus Schults and Laurids Seibel, offers a platform that supports medical practices in digitalising their processes. From patient documentation to payment processing and billing, all administrative tasks can be automated. Co-founder Radner emphasises: “Our vision is to become Europe's largest FinTech in healthcare.”
The recent funding round is intended to help achieve this: Led by Cathay Innovation and Notion Capital, a total of more than EUR 50 million was raised in their Series B. Existing investors b2venture, Lakestar, Motive Ventures and Arc Investors also participated.
Nelly Solutions plans to invest the new funds in expansion and the development of its product offerings. A particular focus is on opening a new office in Italy to tap into the market there. Further expansions into other European countries are also planned. “Nelly is ideally positioned to become the leading bank for medical practices in the future,” says Jacky Abitbol, an investor at Cathay Innovation.
The Osborne Clarke team that advised Cathay Innovation and Notion Capital was led by Maximilian Vocke and included Dana Alpar (both Corporate / VC), Eric Romba, Sascha Grimm (both FinTech / Regulatory), Ann-Kristin Lochmann (Tax), Christoph Seidler, Kamissa Kruse, Anna Lehner (all Employment), Dr Florian Eisenmenger, Dr Robin Mühlenbeck (both Data Protection), Dr Florian Reiling (IP) and Laura Valeske (Legal Project Management).
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