Metrix Partners advised a massive Series B round in fintech/digital health: the €50M Series B investment in Nelly solutions, let by Cathay Innovation and Notion Capital with support from b2venture, Lakestar, Motive Ventures, and arc investors. The transaction underscores Nelly’s impact as a trailblazer at the intersection of digital health and fintech.

Nelly’s Game-Changing Vision

Founded by experienced leaders from Klarna and Delivery Hero, Nelly Solutions is revolutionizing healthcare. Nelly addresses inefficiencies in practice management and financial operations. Its dual offering combines:

• The Financial Operating System (FinOS): Streamlining payment management, expense handling, and cash reconciliation for healthcare providers.
• The Patient Experience Platform: Simplifying onboarding, scheduling, billing, and payment plans to enhance patient satisfaction and practice efficiency.

With over 1,200 medical practices onboarded and 2 million patients served, Nelly is setting new standards for operational excellence and patient care.

Our Role in Nelly’s Journey

Metrix advised Nelly’s Series B round on behalf of the lead investors. We provided tailored financial due diligence (FDD) to ensure a successful investment process. We think FDD adds a differential value to the investment process, if done well:

✅ Deep Sector Expertise: Nelly operates in two highly specialized industries—digital health and fintech. Each has its own regulatory, operational, and financial complexities. Our experience in these markets allowed us to identify critical growth drivers and potential risks that traditional approaches might miss.

✅ Tailored Approach: Instead of applying a generic checklist, we tailor our analysis to the unique challenges of a hybrid business model like Nelly’s. From analyzing the scalability of their revenue streams to assessing compliance with German and EU regulations. Or analyzing the hire strategy that will allow the business to scale.

✅ VC-Focused Insight: We understand what investors need at each stage of the journey. We provided actionable insights—not just numbers. We think this will help Notion and Cathay make informed decisions, ensuring their investment was not just a transaction but a strategic step forward.

What’s Next for Nelly after the Series B?

With this Series B funding, Nelly aims to:

• Expand into new European markets.
• Enhance its innovative product offerings.
• Solidify its leadership in healthcare financial operations in Germany and beyond.

We are proud to have supported this milestone and to be part of Nelly’s mission to transform healthcare. Congratulations to the Nelly team for its Series B funding, and all stakeholders involved. Together, we’re reshaping the future of healthcare payments and and administration.