Qida raises Spain’s largest eldercare round with €37 million to reach 100k seniors by 2027
Qida, a HealthTech startup based in Sabadell, has secured €37 million in fresh funding to expand its elderly care services across Spain – marking the largest investment ever in the elder care sector in Spain and is one of the biggest for a Spanish social impact company.
The round was led by French growth investor Quadrille Capital, marking Qida’s first partnership with an international backer. Also participating were Barcelona’s Asabys Partners and the public-private Social Impact Fund (FIS) managed by Cofides, investing directly in a startup for the first time. Additional support came from the Institut Català de Finances (ICF), US-based Endeavor Catalyst, and returning investors Kibo Ventures, Creas, and Ship2B.
“It is a very powerful syndicate, because it is a triumvirate between a growth fund, a health fund, and an impact fund,” celebrates its co-founder and CEO, Oriol Fuertes Cabassa, who specifies that the three will have a representative on the board of directors. (Translated)
This raise by Qida in Spain is notable when set against recent European HealthTech and elder-care startup funding trends.
While most comparable deals tracked by EU-Startups in 2025 are relatively modest – such as Neu Health in London, which raised €1.9 million to apply AI to Parkinson’s and dementia care; Doctor.One in Warsaw, which secured €4 million to expand its asynchronous chronic-care model; and Teton.ai in Copenhagen, which closed a €17 million Series A for predictive healthcare – Qida’s investment size stands out significantly.
The presence of Spanish investors such as Asabys Partners and the public-private Social Impact Fund in the syndicate indicates continued domestic support for HealthTech and social-impact innovation. None of the comparable 2025 announcements covered by EU-Startups involve a Spanish company, highlighting Qida’s distinctive position in its home market.
The deal also aligns with the wider European HealthTech funding surge, with EU-Startups noting in its May 2025 analysis that AI-driven healthcare startups attracted more than €4.4 billion in early-year investment.
Overall, Qida’s round not only marks the largest in Spain’s elder-care sector to date but also reinforces the growing investor appetite for scalable, tech-enabled care models across Europe.
“I am extremely pleased to have the support of leading public and private funds in the sector, as well as all the partners who have been with us since day one, united in the same mission of maximising the quality of life of the senior segment. This investment not only allows us to grow and consolidate our leadership, but also to continue maximising our social impact,” added Cabassa. (Translated)
Founded in 2018, Qida began by helping families find home caregivers through a digital platform, but the company has evolved into a comprehensive HealthTech provider with ambitions to reshape the home care landscape.
Among its current ventures are a collaboration with the Catalan government to build patient monitoring software for the public system, and the launch of Spain’s first insurance product covering conditions like Parkinson’s disease. The company has also built a marketplace – think Amazon, but for senior services.
Alejandra Duran Gil, Partner and CIO at Quadrille Capital, emphasised: “We have complete confidence in Qida’s business model and its growth potential, backed by solid financial discipline and efficient capital management. The company combines technological innovation with a people-centered approach, positioning it as the undisputed leader in the sector.” (Translated)
The new funding will be directed toward three strategic pillars: growth, technology, and team development.
On the growth front, Qida plans to enter new Spanish cities and continue its aggressive acquisition strategy. It has already absorbed nine smaller home care providers in the past three years. The aim is to serve 100,000 people and reach €100 million in annual revenue by 2027, up from €40 million expected this year – quadrupling both revenue and reach.
This expansion could see the team grow from the current 300 staff and 2,000 caregivers to over 700 employees in the coming years.
“The company is profitable, and this capital is not to cover losses,” explained Cabassa. “There are three key goals: growth, technology, and team.” (Translated)
To drive the tech roadmap, Qida is bringing on new talent including Daniel Alonso, former CPO at Glovo, and Jordi Tusell, ex-managing director of ambulance firm Falck. The technology team is expected to build tools that allow for more proactive, preventative, and integrated care models – bridging the health and social services divide using AI-driven solutions.
From its base in Catalonia, Qida is already a standout in the social impact space. The company has raised a total of €57 million over four rounds, but insists the mission remains unchanged: improve the quality of life for the elderly while enhancing the sustainability of the health and social care systems.
Guillem Masferrer, Partner at Asabys Partners, added: “The investment in Qida reinforces our commitment to companies that have a real impact on the healthcare system and people’s lives, promoting a model of high-quality care, prevention, and home care with potential for sustainable growth.” (Translated)
With this injection of capital, Qida is now doubling down on its goal to transform home care into a more dignified, efficient, and human experience – starting at home, and perhaps soon, abroad.
Raúl Sánchez, Director of the Social Impact Fund (FIS) managed by COFIDES, added: “Qida is one of Spain’s leading companies in terms of social impact and proof that it is possible to be a profitable company while also generating a positive social impact.” (Translated)
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