6 years ago

Elder Raises £8.2 Million to Expand Live-in Care Services

  • Elder, a London-based care home alternative, has secured an additional £8.2 million in funding, bringing its total raised to £16.5 million

  • The round was led by Acton Capital with participation from MMC Ventures

  • Elder intends to use the funds to expand operations and invest in developing technologies to improve efficiency in care delivery, including communication between carers and families, and in-home monitoring

  • The company's technology-enabled approach connects self-employed live-in carers with families in need, offering personalized care based on individual needs and personality

  • Since 2016, Elder has provided over 350,000 days of care across the UK.

      • ProblemHealthcare

      "Many elderly people need care, but traditional care homes can be expensive and isolating. Families struggle to find reliable and qualified care at home. "

      Solution

      "Elder connects families in need with self-employed live-in carers, using technology to match carers based on individual needs and personality. This allows elderly people to get full-time, specialist support at home, while ensuring families have peace of mind knowing their loved ones are in good hands."

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