YPOG advises Project A Ventures on exit of HealthTech Klara

Berlin – A YPOG team co-led by Johannes Janning and Frederik Gärtner advised Project A Ventures on the exit of its portfolio company Klara to ModMed.

Next to Project A, also Gradient Ventures, Frist Cressey, FirstMark Capital, Lerer Hippeau, Stage 2 Capital, Atlantic Labs and Creathor Ventures invested more than $30 million in Klara over the past years. As part of the exit to ModMed, the HealthTech will now expand and strengthen its US operations and further develop its product and platform.

“The digitization of doctor-patient communication gained increasing importance, not least as a result of the Corona pandemic. Doctor shortages and a lack of medical appointments make it difficult to provide medical treatment for patients. Klara's innovative patient communication tool is a stunning example of what telehealth solutions can achieve for the healthcare system", says Associated Partner Johannes Janning.

Advisors Project A Ventures:

Dr. Johannes Janning (Co-Lead, Corporate/Transactions), Associated Partner
Dr. Frederik Gärtner (Co-Lead, Corporate/Transactions), Partner
Tobias Lovett (Transactions), Senior Associate
Dr. Tammo Lüken (Tax), Partner
Nina Schmidt (Tax), Senior Associate
Dr. Fabian Euhus (Funds), Partner

About Project A Ventures 

Project A is one of the leading venture capital companies in Europe with offices in Berlin and London. In addition to 600M USD in assets under management, Project A supports its portfolio companies with a team of over 100 in-house experts in themes such as software and product development, business intelligence, brand, design, marketing, sales and recruiting. Project A was founded in 2012 and since then has backed more than 100 start-ups. The portfolio includes companies such as Trade Republic, WorldRemit, sennder, KRY, Spryker, Catawiki and Voi.

About Klara

Project A is one of the leading venture capital companies in Europe with offices in Berlin and London. In addition to 600M USD in assets under management, Project A supports its portfolio companies with a team of over 100 in-house experts in themes such as software and product development, business intelligence, brand, design, marketing, sales and recruiting. Project A was founded in 2012 and since then has backed more than 100 start-ups. The portfolio includes companies such as Trade Republic, WorldRemit, sennder, KRY, Spryker, Catawiki and Voi.

About ModMed

ModMed is transforming healthcare by placing doctors and patients at the center of care through an intelligent, specialty-specific cloud platform. With electronic health records (EHR) and practice management (PM) systems and a revenue cycle management (RCM) services, the all-in-one solution empowers specialty medical practices to do their best work by providing them with clinical, financial and operational software solutions designed to enable better, more personalized patient care. Their staff physicians help to develop products and services for dermatology, gastroenterology, ophthalmology, orthopedics, otolaryngology, pain management, plastic surgery, podiatry and urology practices, as well as ambulatory surgery centers.

Download PDF