Durcal Trippled its Income in the First Quarter of the Year

Durcal continues to grow. The Catalan start-up, which sells a smartwatch aimed at monitoring the health of the elderly, plans to close the year with a turnover of €2 million, after having tripled its income in the first quarter of the year, according to comments Guillem Viladomat, CEO of the company.

The Durcal clock acts as a solution for elderly people who live alone and who do not consider 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 contact with emergency services. The device also contains an integrated GPS.

The company, which at the moment is focused on the Spanish market although it is eyeing its jump to Latin America, postpones its break even, because everything that comes in is reinvested in marketing.

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Durcal offers its solution through Movistar Prosegur Alarmas

In 2022, Durcal reached an average sales of 500 telecare watches per month, with peaks of up to a thousand monthly sales. Now, the company will launch a new service called Durcal Care, which will offer regular monitoring to users through phone calls.

Currently, it offers its solution through Movistar Prosegur Alarmas. To do this, the watch has a help button that is supported by an intelligent fall detection system connected, in turn, to a Movistar Prosegur Alarms receiving center.

Among its current investors is Telefónica, which led a financing round of eight million euros. Durcal also added Mangrove VC, partners of Skype, Wix, or Wallapop as investors; K fund; investor Dídac Lee; Atresmedia; Racc; and Prosegur. Currently, his team is made up of about thirty people.

The company was founded in 2020 and since then it has accumulated more than ten million downloads

The company was founded in September 2020 and since then it has recorded more than ten million downloads, of which 70% are women between the ages of 35 and 60, 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 relevant medical authorities to be notified when symptoms compatible with access are present.

Durcal, which owes its name to the Spanish singer and actress Rocío Durcal, sells its watches at a price of 69 euros, to which is added the 15 euro subscription model with which the company guarantees a recurring payment.

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(Featured image by Czniga via Pixabay)

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