According to EU-Startups, Spanish HealthTech startup Qida has secured €37 million in fresh funding, marking the largest investment ever in Spain’s elder care sector. The round was led by French growth investor Quadrille Capital, with participation from Barcelona’s Asabys Partners and the public-private Social Impact Fund managed by Cofides. Founded in 2018 and based in Sabadell, Qida plans to use the funding to expand across Spain, aiming to serve 100,000 people and reach €100 million in annual revenue by 2027. The company expects €40 million in revenue this year and has already acquired nine smaller home care providers over the past three years. Qida currently employs 300 staff and works with 2,000 caregivers, with plans to grow to over 700 employees in coming years.
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What makes this deal significant
Here’s the thing – €37 million is massive for the elder care space, especially in Spain. When you look at comparable European deals from this year, most are much smaller. We’re talking €1.9 million for London’s Neu Health, €4 million for Warsaw’s Doctor.One, and €17 million for Copenhagen’s Teton.ai. Qida’s round basically dwarfs everything else happening in the European HealthTech space right now.
What’s really interesting is the investor mix. You’ve got a French growth fund, a Spanish health specialist, and a public-private impact fund all coming together. That’s pretty unusual. As Qida’s CEO Oriol Fuertes Cabassa put it, it’s a “triumvirate” that covers growth, health expertise, and social impact all in one go. The Social Impact Fund’s direct investment in a startup for the first time signals that public money is getting serious about backing scalable social enterprises.
From caregiver matching to comprehensive HealthTech
Qida started back in 2018 as basically a digital platform to help families find home caregivers. But they’ve evolved into something much bigger. Now they’re building patient monitoring software for the Catalan government’s public system and even launched Spain’s first insurance product covering conditions like Parkinson’s disease.
They’ve basically created an Amazon-style marketplace for senior services. And they’re profitable, which CEO Cabassa was quick to point out. This funding isn’t to cover losses – it’s for aggressive expansion. They’re bringing in heavy hitters too, like Daniel Alonso who was formerly CPO at Glovo, to build out their tech team.
Why this matters beyond Spain
Look, Europe’s population is aging fast. Countries everywhere are grappling with how to provide quality care without bankrupting their systems. Qida’s model – combining technology with human-centered care – could become a blueprint for other markets. Their focus on AI-driven solutions that bridge health and social services is exactly what strained healthcare systems need.
The fact that they’ve raised €57 million total across four rounds shows investors see real potential here. But can they actually scale to serve 100,000 seniors while maintaining quality? That’s the billion-euro question. If they can prove their model works at scale in Spain, international expansion seems almost inevitable. For now, you can check out what they’re building at their website.
The bigger picture
This deal fits into a broader trend of European HealthTech funding surging, with AI-driven healthcare startups attracting over €4.4 billion in early 2025 according to EU-Startups. But Qida stands out because they’re tackling one of society’s toughest challenges – caring for our aging population – while building a sustainable business.
As Raúl Sánchez from the Social Impact Fund noted, Qida proves you can be profitable while generating positive social impact. In a sector often dominated by underfunded nonprofits or expensive private providers, that balance is pretty revolutionary. Now we get to watch whether they can deliver on their ambitious 2027 targets.
