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News | 27.05.2021

Libify secures venture debt funding from BTG Bridge To Growth

Libify, which specializes in emergency call, locating and tracking services in the elder care segment, has secured a round of fresh venture debt funding. BTG Bridge To Growth is one of the very few venture debt funds in Germany.

Libify, one of Germany’s most innovative providers of inpatient, outpatient, and interactive emergency call systems and services, has secured venture debt funding from BTG Bridge To Growth.

“We are pleased to be able to support the market growth and technological development of Libify with the funding from BTG. With BTG and its partner Redstone, we have another entrepreneurial and well-connected partner by our side,” say Matthias Schmid and Pascal Schmidt, the two managing directors of Libify.

Libify provides emergency call systems as part of a fully customizable and modular service offering designed to enable seniors to lead safer and independent lives. With many processes fully digitalized, the company has optimized its efficiency and delivers a uniquely high degree of freedom from devices. With a focus on delivering actual services and offering clients plenty of opportunity to interact visually, Libify is also an attractive option for those not strictly dependent on care but interested in an emergency service plan. With several customer service awards under its belt, the company also boasts uniquely high customer satisfaction.

The fresh capital will accelerate the roll-out of new services, facilitate new partnerships, and help to consolidate and strengthen the company’s competitive edge and technological leadership position.

“We are delighted to be able to support the further growth of Libify, a tech company we see as setting out to bring digitalization to the senior care market and revolutionize a somewhat backward field while focusing all attention on the client’s needs and the efficiency of process”, says Götz Gleichmann, Managing Director of BTG Bridge To Growth. 

Gleichmann adds, “The economics have shown that Libify as a company is already debt-worthy and has thus reached a new degree of maturity.”

Berlin-based BTG Bridge To Growth is one of the very few venture debt funds in Germany. It provides funding in the range of €1-5 M and has been active since 2020. The fund works in close cooperation with Redstone.