Qida raises €37 million, the largest social impact investment in Spain

Qida, a Spanish startup that aims to improve the quality of life for the elderly, announced the biggest ever round in Spain for an impact-driven company. The EUR 37 million round was led by Quadrille Capital, with the participation of Asabys Partners, the Social Impact Fund, Endeavor Catalyst, Institut Català de Finances and with follow-on investments from Kibo Ventures, Creas, and Ship2B.

With this investment, Qida takes a significant step toward its goal of quadrupling revenue within the next three years. The company continues to strengthen its innovative care model, which blends technology, preventive health measures, and human support - all while expanding its positive social impact.

Qida aims to expand both organically and through acquisitions, strengthening its footprint in Spain’s major cities. The company’s objective is to keep improving the quality of life for older adults, reaching over 100,000 people, while continuing to foster strong public-private partnerships and amplify its social impact.

On the technology side, Qida will focus on developing customer-centered solutions, investing in artificial intelligence and tools that enable preventive, proactive, and integrated care across the health and social sectors.

Team development remains a key priority, with strategic hires such as Daniel Alonso, former CPO at Glovo. His expertise in product strategy and management will play a pivotal role in supporting Qida’s next phase of growth.

“I am extremely pleased to have the support of the leading public and private funds in the sector, as well as all the partners who have been with us since day one, united by the same mission of maximizing the quality of life of the senior segment. This investment not only allows us to grow and consolidate our leadership but also to continue maximizing our social impact,” says Oriol Fuertes, CEO of Qida.

Alejandra Durán Gil, Partner and CIO at Quadrille Capital, emphasizes: “We have full confidence in Qida’s business model and its growth potential, backed by strong financial discipline and efficient capital management. The company successfully combines technological innovation with a people-centered approach, positioning it as an undisputed leader in the sector.”

Guillem Masferrer, Partner at Asabys Partners, adds: “Our investment in Qida reinforces our commitment to companies that create real impact in the healthcare system and in people’s lives, promoting a high-quality, preventive, and home-based care model with strong potential for sustainable growth.”

Finally, Raúl Sánchez, Director of the Social Impact Fund (FIS) managed by COFIDES, notes: “Qida is one of the leading social impact companies in Spain and a clear example that profitability and positive social impact can go hand in hand. We believe Qida will play a key role in transforming and improving the country’s healthcare and social care systems, and we are delighted to support them in this new stage of growth.”

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