Search for...

Unicorn founder Daniel Dines participates in the €50M Series B of health tech startup Avi Medical

Daniel Dines
Image credit: Daniel Dines by
, ~

Daniel Dines, the co-founder and CEO of RPA giant, UiPath, continues to show his support as an angel investor both in the US as well as in Europe. The former Microsoft engineer’s latest investment in our neck of the woods is in the medical vertical. Dines joined the €50M Series B funding round of the German startup with Romanian co-founder Avi Medical. 

This is the second time the unicorn founder invested in the startup. 

Avi Medical’s growth journey

Avi Medical was co-founded in 2020 in Munich, Germany, by Christoph Baumeister, Julian Kley, and Romanian Vlad Lata. The hybrid healthcare company offers both clinics as well as telemedicine services and wants to help the traditional medical care system evolve. 

Their latest round was led by UK-based VC Balderton Capital and joined by Addition, Germany-based VCs Heal Capital, Picus Capital, and Vorwerk Ventures, French VC Eurazeo, Austrian VC 3VC, as well as USA-based healthcare startup Forward’s founder, Adrian Aoun.

So far, the tech startup has raised over €80M in four rounds. 

Avi Medical’s latest round will be used to keep developing the project. They plan to expand the clinic network in Germany, from 8 to 100 offices, by the end of 2024. The founders will continue developing the platform for the medical staff and patients, maturing the AI solution, hiring new team members, and planning their international scaling. 

How does their solution work

The platform aims to help practitioners better manage their schedules and reports, while it also offers an AI component for patient care. General medicine practitioners can join the network of Avi Medical and decide if they want to accept meetings on the site or digitally. While patients can use the platform to book appointments, have their medical history in one spot, and chat with a practitioner. 

Avi Medical plans to keep building AI to help doctors make better and faster diagnostics based on a patient’s medical history. 

Read more:  A Bulgarian Engineer Solves Erectile Dysfunction With Fresh €6M in Series A

Daniel Dines latest investments

Daniel Dines has been an active angel investor in the past few years. Other notable investments in his portfolio are:

  • MaintainX, a US-based management platform for factory frontline teams
  • DoNotPay, a US-based robot lawyer 
  • Trickest, a Serbian enabler of software teams to build and automate secure workflows
  • Taktile, a US-based platform designed for fintechs to accept more customers
  • Ledgy, a Switzerland-based end-to-end equity management platform
  • Klarity, a US-based AI that automates billing and RecRec contract review for SaaS and software companies
Daniel Dines’ latest investment has been in the Romanian agricultural sector. Through the company Ice Vulcan Properties Ltd. he acquired a 9.57% stake in Rodbun Grup S.A.
RodBun was founded in 2001 by Alexandru Iancu and Daniel Muntean. Its purpose is to digitize local agriculture. The company specializes in the production of seeds.

Help us grow the emerging innovation hubs in Central and Eastern Europe

Every single contribution of yours helps us guarantee our independence and sustainable future. With your financial support, we can keep on providing constructive reporting on the developments in the region, give even more global visibility to our ecosystem, and educate the next generation of innovation journalists and content creators.

Find out more about how your donation could help us shape the story of the CEE entrepreneurial ecosystem!

One-time donation

You can also support The Recursive’s mission with a pick-any-amount, one-time donation. 👍

Elena is an Innovation Reporter at The Recursive with 10+ years of experience as a freelance writer based in Bucharest, Romania. Her mission is to report internationally on the amazing progress of the local startup ecosystem while bringing into focus topics such as diversity in business cultures and women in tech; mental health, work-life balance, and the future. Of what? Everything! As a former solopreneur and a full-time mom, she strives to learn something new every day to share with the world. #nevernotlearning