9Lives Group

Based in Finland, 9Lives Group offers medical and social healthcare services focused on mobile caregiver solutions, enhancing support for individuals in need, particularly the elderly and disabled. 9Lives Group specializes in providing healthcare and social services. Founded by Yolanda De Graaf, the company has undergone strategic adjustments and operates from its headquarters in Helsinki, Finland. The company raised EUR 7.

80 mn in a Public to Private funding round on July 11, 2013, with investors including Sentica. To date, the total amount raised by the company stands at EUR 7. 80 mn, reflecting its ongoing commitment to enhancing healthcare services in Finland. 9Lives is a private Finnish company specializing in a comprehensive range of social and healthcare services, primarily focusing on mobile caregiver-centric solutions.

Their core offerings include personal assistance, home care, emergency medical services, and respiratory care, designed to support individuals in their daily activities, particularly the elderly and those with disabilities. The company serves a diverse client base across Finland, delivering services such as personal assistants for daily living, home nursing for medical needs, and patient transport for non-emergency situations. 9Lives leverages a network of approximately 2,000 caregivers strategically deployed throughout various regions, including South Ostrobothnia, Uusimaa, and Pirkanmaa, ensuring accessibility to high-quality care. The revenue model of 9Lives centers on direct service transactions with clients, encompassing private individuals and families in need of caregiving support.

Services are typically funded through municipal service vouchers, enabling clients to access personal assistance, home care, and other healthcare services. The company structures its pricing around service packages that vary based on the type and duration of care provided, ensuring affordability and flexibility for users. For instance, clients may utilize service vouchers to pay for personal assistants or home healthcare visits, which are billed at agreed-upon rates. The company's revenue for the most recent year was EUR 0 mn, with an EBITDA of EUR -1,122.

80 mn in 2023, positioning it to meet the demand for mobile healthcare services in the Finnish market. Looking ahead, 9Lives Group aims to broaden its service offerings and market reach. Plans include the introduction of new healthcare products designed to enhance client independence, with expected releases in the upcoming year. Additionally, the company is exploring expansion into new geographic markets within Finland to capture a larger client base.

The funding from the EUR 7. 80 mn round will facilitate these initiatives, allowing for enhanced service development and market penetration.