Berlin-based Medwing, a startup aiming to plug shortages in European healthcare jobs, has secured a $30 million Series B funding round. The investment was the first in Germany led by Cathay Innovation, a VC aiming to bridge the USA, Europe and China.
Medwing’s automated system matches healthcare workers with hospitals and medical institutions. It currently has over 200,000 professionals and 2,500 employers enrolled on its platform – including 80% of Berlin’s hospitals.
The company was founded by co-founders Johannes Roggendorf and Timo Fischer, who brought startup experience from Rocket Internet to launch Medwing in 2017. The pair wanted to close a global shortage of 15m healthcare professionals – with populations aging fast and demand high in developed regions like Europe.
Medwing now employs over 200 staff in 30 territories. The COVID-19 pandemic has hit its operations slightly. But the company has offered services pro-bono during the crisis, which has exposed yawning gaps in nations’ healthcare sectors.