Cera Care, a London, UK-based home care startup, raised $70m in funding.
The equity and debt financing round was led by KairosHQ alongside investors including Yabeo, Guinness Asset Management and a family office based in New York.
The company, which has raised $90m in total funding to date, intends to use the funds to nationally roll-out the SmartCare technology and analytics platform and to acquire a number of businesses in home healthcare.
Led by Dr Ben Maruthappu MBE, Co-founder and CEO, Cera is a technology-enabled home care provider using digital services and artificial intelligence to improve elderly care. The company launched over 3 years ago, has 2,000 employees, 20 offices across the UK, delivering 10,000 care visits a day. The company has 50 public sector contracts, including with the NHS, and has partnered with organizations such as the NHS, Uber, Deliveroo and IBM. With the launch of its new SmartCare technology and analytics platform, Cera’s algorithms can predict health deteriorations before they occur, while also guiding carers and families on how to deliver safer care and improve user health outcomes.