Avelios Medical, founded in Munich in 2020 by Christian Albrecht, Nicolas Jakob and Dr. Sebastian Krammer, develops a modular hospital information system that records patient care as structured data so it can be used by AI. It was selected in the EIC Accelerator's January 2023 cut-off and received an EU grant of €2.49 million for a €3.56 million project, "Digitising Hospitals For Better Patient Care", that ran from July 2023 to June 2025, according to CORDIS.
The project is closed. Its final report states that Avelios integrated an AI-based workflow engine, built more than 30 interfaces to existing systems such as SAP IS-H and Orbis, and assembled a database of 18,263,800 data points from 91,319 completed treatments in at least three clinics, according to the CORDIS reporting page. In February 2025 the company raised €30 million led by Sequoia Capital, according to BioM, and in 2026 SAP and Fresenius, which Avelios calls Europe's largest private hospital operator, both invested.
Company file
- Legal entity
- Avelios Medical GmbH, HRB 270765, Munich
- Founders
- Christian Albrecht, Nicolas Jakob, Dr. Sebastian Krammer
- Product
- Avelios hospital information system, patient portal, AI Medical Scribe
- Investors named
- Sequoia Capital, Revent, HTGF, SAP, Fresenius
- Hospitals named
- LMU Munich, Hannover Medical School, Sana, Thoraxklinik Heidelberg, Klinikum Stuttgart, Klinikum Braunschweig
- Former name
- Veios Medical GmbH
- EIC funding
- Grant only
Where Avelios Stands Now
In August 2026 Klinikum Stuttgart chose Avelios after a Europe-wide tender to fully replace its SAP IS-H and i.s.h.med systems, and in July 2026 Städtisches Klinikum Braunschweig awarded it a new hospital information system, according to the company's press page. SAP announced a partnership with Avelios in November 2025 and made a strategic investment in February 2026; Fresenius invested alongside SAP in May 2026. The amounts of both investments have not been disclosed.
"The digitization of patient care requires long-term thinking and sustainable innovation. With Sequoia, we can deliver exactly that – a system built to stand the test of time."
Christian Albrecht, co-founder, Avelios Medical, February 2025The Technology: Structured Data From the Start
Instead of free-text notes, Avelios uses input fields linked to medical libraries, so every treatment produces structured data; the project mapped more than 250 value sets to SNOMED CT, LOINC and HPO terminologies. On top sit a workflow engine, automatic doctors' letters and billing with diagnosis coding. The company's AI suggested a treatment sequence in all 6,268 cases examined, and staff accepted it 79% of the time, the final report says.
What the EIC Award Promised, and What the Record Shows
The award promised the first modular, interconnected, AI-driven platform for digitising patient care. The final report documents the workflow engine, interfaces and database, and the commercial record shows hospitals adopting it. The report's headline benefits, such as "up to 80% fewer treatment errors" and savings of up to €650 per patient, are the company's own estimates and have not been independently evaluated.
- Workflow engineDeliveredIntegrated, per final report.
- Interfaces to legacy systemsDeliveredOver 30 built.
- Hospital adoptionDeliveredTenders won, 2026.
- 80% fewer errorsUnverifiedCompany estimate.
The Money
The Series A was led by Sequoia Capital with existing investors Revent and High-Tech Gründerfonds. Avelios' revenue, profit and staff numbers are not freely available in the German company register data summarised by North Data, and the SAP and Fresenius stakes have not been priced publicly.
What Cannot Be Checked
Questions for the EIC
How much SAP and Fresenius invested, what stake they hold, what Avelios' revenue is, and whether its claimed reductions in treatment errors have been measured independently are not public.
Why Europe Should Care
BioM notes that SAP's withdrawal from the hospital information system market is forcing many hospitals to replace their systems. A European start-up backed first by the EIC is now positioned as SAP's partner in that transition. The investment by SAP and Fresenius also gives two large incumbents a stake in a company that hospitals are choosing through public tenders.
What the award promised
A modular, AI-driven platform to digitise patient care across hospital departments.
What the record shows
A delivered platform, €30 million from Sequoia, investment from SAP and Fresenius, and major hospital tenders won.
The Verdict
An early bet that paid off
The EIC backed Avelios before Sequoia, SAP and Fresenius did. It delivered, and it is now one of the contenders to rebuild German hospital IT.
Avelios Medical and the EIC have not been asked for comment for this article. It is based entirely on public records and published statements, linked throughout.
