Nila

Investor: Redbus Ventures, LocalGlobe

Investor: LocalGlobe

London-based healthtech innovator Nila has successfully secured an oversubscribed pre-seed funding round of £1.8 million ($2.4 million), led by LocalGlobe. This capital infusion is earmarked to significantly scale Nila's pioneering care management platform, which empowers immigrants to effectively coordinate and manage healthcare for their elderly relatives residing in their home countries.Summary of transaction details:Value: £1.8 million ($2.4 million)Sector: Healthcare & BiotechAdvisor: Not specifiedKey Entities: Nila (Target), LocalGlobe (Lead Investor), Redbus Ventures (Participant)Location: London (Target Base), India & Southeast Asia (Expansion)Note: This funding round highlights a growing investor confidence in solutions addressing the complex logistical and emotional challenges faced by expatriates caring for aging family members remotely. Nila's integrated platform, combining AI-driven care management, cross-border payments, and a certified carer network, positions it to capture significant market share in the global eldercare and remittance sectors.