Tech firm raises £1.6m seed funding to ‘transform’ home care
A London-based technology company has closed a £1.6m investment round to roll out its home care platform.
Lifted has secured the funding in a seed round led by Fuel Ventures with participation from Vitry Enfants Ltd and Marc Cohen, chief co-investment officer of 1818 Venture Capital.
Lifted’s care management platform uses AI to support carer decision-making, as well as automated scheduling and alerting for operations teams.
Rachael Crook, CEO and co-founder of Lifted, commented: “We are proud of the success we have seen in just over a year. We have excellent customer reviews, provide award winning care, a fast-growing business, and we’re doing it in a way that benefits everyone.
“In short, we are proving that responsible tech can help to solve some of the problems in our healthcare system thought intractable.
“Now the aim is to develop our Platform to bring more joy to families, quickly scale the business and build on the data-driven capabilities of our Platform which this funding will enable us to do.”
Mark Pearson, founder and managing partner of Fuel Ventures, added: “We’re incredibly excited to be leading this latest round of investment.
“We’ve seen several propositions that are looking to innovate the care sector, but Lifted really impressed us. Lifted’s approach of employing carers, paying a living wage and empowering them to do their work through software is why they will continue to grow quickly.
“The care sector is highly fragmented and both carers and patients are very dispersed, so creating a solution that works for both sides is incredibly important if we’re going to create real change.”
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