How Nelly is Transforming Digital Healthcare Solutions in Europe with $51M Series B
Nelly, a Berlin-based startup, is on a mission to modernize healthcare administration across Europe. With over 1,200 medical practices already using its solutions, the company is paving the way for a digital revolution in an industry still reliant on outdated systems. To accelerate its growth, Nelly has secured €50 million (approximately $51 million) in a Series B funding round led by Cathay Innovation and Notion Capital, with additional support from b2venture, Lakestar, Motive Ventures, and Arc Investors.
While industries worldwide have embraced digital transformation, many European medical practices continue to rely on manual processes. “More than 50% of all appointments are still scheduled via phone calls or in person,” says Niklas Radner, co-founder and CEO of Nelly. Recognizing this gap, Nelly introduced a SaaS platform to simplify patient onboarding and practice workflows.
Patients can book appointments online and complete forms via SMS, WhatsApp, or email links, streamlining the check-in process. For walk-ins, QR codes enable immediate access to the portal from the waiting room. Behind the scenes, Nelly integrates seamlessly with existing practice management systems, eliminating the need for costly system overhauls. These integrations act as a foundation for the company’s growing suite of features.
A Comprehensive Fintech Solution for Healthcare
Nelly positions itself as a fintech-driven solution akin to Typeform, DocuSign, and Klarna, specifically tailored for healthcare. Its offerings extend beyond digital bookings and onboarding to include billing, invoicing, and payments. Medical practices can process payments online, use Nelly-managed card readers, and send reminders to patients for Google reviews. Additionally, Nelly simplifies expense management with features like corporate credit cards and factoring for instant payouts on outstanding claims.
Expanding Across Europe
Nelly has already made significant strides in Germany, Austria, Switzerland, and Italy, with plans to expand further. Its partnership with Colosseum Dental Group, operating across 11 European countries, is a testament to its scalability. By integrating deeply into back-office systems and securing data protection certifications, Nelly has established a strong competitive edge in the market.
This funding round underscores the confidence investors have in Nelly’s vision to redefine medical workflows with fintech-powered solutions. As the company continues to grow, it aims to make digital transformation accessible to thousands of medical practices across Europe.
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