IPF Partners Closes a Debt Financing with Patient21, as Part of its €100M Series C

Patient21, a four-year-old German startup that combines a digital healthcare platform with real-world brick-and-mortar clinics, has raised €100 million ($108 million) in a Series C round of funding led by Israeli VC firm Pitango, constituting a mix of equity and debt.

The company’s Series C round was mostly equity — we’re told “more than 70%” — and aside from lead backer Pitango, participants included PICO Venture Partners, Bertelsmann Investments, Artian, Target Global, Piton Capital and several angel investors. The debt segment was provided by IPF Partners.