Amsterdam, Netherlands-based digital palliative care company Pal closed its pre-seed funding at EUR 300K. The company announced the closure on September 22, 2033. Plug and Play Ventures led the financing for the company. Meanwhile, several angel investors with deep industry knowledge contributed to the pre-seed round. In addition, Rabobank further backed the company via the infusion of the Rabo Innovation Loan.
Purpose of financing for Pal
Pal seeks to improve access to at-home palliative care for people affected by a serious illness. The current pre-seed round builds on the momentum from an earlier incubation round raised by Antler.
The new funding accelerates the launch of Pal’s digital palliative care solution. In addition, it seeks to handle long-standing healthcare challenges to improve access to affordable and timely palliative care.
What the company’s official has to add
Nara Moripen, Pal’s co-founder and CEO, said, “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. This funding fuels our upcoming product launch and enables us to make palliative care more efficient, affordable, and accessible for all.”
What the investors have to comment
Nicholas Cointepas from Plug and Play further 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.”
In addition, Cherif Miloudi, from Rabobank, said, “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.”
About the company
Azi Doost and Nara Moripen launched the company in 2022. Pal helps patients, family members, and healthcare providers. It confronts directly the core challenges of everyday palliative caregiving, such as daily care provision, symptom management, and care team collaboration. The company further optimizes existing resources to help enhance care quality, improve quality of life, and boost care provider efficiency.
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