Libify Technologies GmbH

Libify Technologies GmbH develops innovative emergency call systems aimed at enhancing the safety and independence of elderly individuals, integrating user-friendly technology for effective emergency response. Founded in 2010 in Munich, Germany, Libify Technologies GmbH focuses on creating advanced emergency call solutions. The company has successfully completed 4 funding deals, with the latest being a Series B round in which they raised EUR 6. 000 mn, leading to a total of EUR 6.

000 mn raised overall. The firm is currently valued at EUR 76. 188 mn. The founding team includes CEO Matthias Schmid, alongside Pascal Schmidt and Tim-julian Hartmann.

Libify specializes in innovative emergency call systems for the elderly, including the libify Basic, libify Home, and libify Mobile 2. 0 systems. The libify Basic is a straightforward home alarm connected to a 24-hour emergency center, while the libify Home features a modern interface and built-in fall detection. The libify Mobile 2.

0 system extends emergency alert functionality outdoors, utilizing GPS technology to ensure user safety throughout Germany. Their products cater to elderly individuals, their families, and caregivers, addressing the unique needs of this demographic. Libify generates revenue primarily through subscription services linked to their emergency call systems, with customers typically subscribing to monthly plans that provide access to a 24-hour emergency response center. The libify Basic and libify Home devices may offer full cost coverage under certain care levels, while the libify Mobile 2.

0 may provide partial coverage based on individual care status. Customers can purchase devices and subscribe to services directly from the Libify website, with pricing reflecting the specific features and benefits of each system. Libify Technologies GmbH is focused on expanding its product range and geographic reach. The company plans to introduce new emergency call products designed for enhanced user experience, although specific release dates have not been disclosed.

Additionally, Libify aims to expand its market presence beyond Germany, targeting specific European regions for growth by the end of 2024. The recent funding from the Series B round will be utilized to support these product developments and market expansion efforts, ensuring that Libify continues to meet the evolving needs of its customers.