Elder, a London, UK-based care home alternative, raised another £8.2m in a funding.
The round, which brought total raised to £16.5m, was led by Acton Capital with participation from MMC Ventures.
The company intends to use the funds to expand operations and expand its development efforts to increase efficiency in every aspect of care delivery – from communication between carer and family to in-home monitoring.
Led by CEO Peter Dowds, Elder is a technology-enabled care agency, which provides live-in care that allows elder people to get full-time, specialist support at home. It does this by matching self-employed live-in carers to families in need. Using proprietary logistical and matching technology, Elder can get a carer matched on individual needs and personality to any location in the UK within 48 hours. To date, the company has delivered more than 350,000 days of care in more than 300 towns and cities across the UK since 2016.