Durcal Multiplies Turnover Tenfold and Expects to Exceed One Million in 2023

Durcal’s income skyrockets. The Barcelona-based company has announced that it has multiplied its turnover tenfold and expects to close the year exceeding €1.2 million. The company is based on a wearable device whose technology offers geolocation combined with fall detection algorithms and a help button connected to the network.

To date, Durcal has raised more than €17 million in financing rounds, which have had the support of Prosegur Tech Ventures, Atresmedia, Mangrove, KFund, Aldea Ventures, ScaleLab, Didac Lee, and Racc. In 2023, the company closed a partnership agreement with SOS Desaparecidos to prevent the disappearance of vulnerable people, in addition to responding to more than 450 real emergency alerts and providing service to more than 8,000 active families.

Guillem Viladomat, founder and executive director of Durcal, explained the good results “due to the strong awareness that has been generated around the silver economy, together with the great work that we have done at the company to offer innovative solutions that address the needs of this market in constant change and evolution,” as stated by the head of the entity.

If you want to find out more about Durcal and read the most important business news of the day, download for free our companion app Born2Invest.

In 2023, Durcal closed a partnership agreement with SOS Desaparecidos to prevent the disappearance of vulnerable people

In the short term, Durcal has announced that it hopes to open a new round of financing at the beginning of 2024 with the aim of strengthening its presence in Spain and accelerating its expansion in Italy and Portugal. In addition, Durcal will pursue opening a new business vertical with public administrations and health centers specialized in older people, launching new support services and initiatives that combat loneliness among the elderly, or establishing a series of synergies with institutions, among others.

The company was founded in September 2020 and since then it has recorded more than ten million downloads, of which 70% are women between 35 years old and 60 years old, according to data provided by the company. One of the diseases on which the company has focused the most is stroke, through the so-called “panic button”, which allows the pertinent medical authorities to be notified when symptoms compatible with an attack occur.

In short, the watch acts as a solution for elderly people who live alone and are not considering moving to a residence. In addition to monitoring the user’s daily activity, and checking vital signs such as pulse or blood oxygen, this gadget also allows you to contact emergency services. 

__

(Featured image by FitNishMedia via Pixabay)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in PlantaDoce. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.