Home care management software company CareLineLive has raised £1.2 million to support its national and international expansion.
The investment, led by Haatch Ventures, will see CareLineLive’s headcount grow across the company, which has already seen a 30% headcount increase since September 2020.
Alongside this, the investment will accelerate the brand’s expansion into international markets, with 10% of its customers currently outside the UK, including recent client wins in Australia, Malta and Zimbabwe.
Josh Hough, founder and MD, CareLineLive, commented: “Home care is in need of modernisation globally and technology is helping to revolutionise the way it is provided for agencies, carers and their clients. Recent research by Age UK reveals that the number of over 75s is set to double in the UK and 30% of elderly patients needing care will not get a bed in a care home.
“Carers are the backbone of home care and the pandemic has shown how integral they are to keeping families and clients connected. I’m excited about the innovation coming to the homecare sector and proud to be a part of it, in the UK and internationally.”
The growth capital also enables CareLineLive to continue to innovate its platform. New capabilities include more care planning feature sets designed to make it easier for agencies to manage their clients’ assessments, reviews, incident logs and daily observations. This is alongside the continued development of CareLineLive’s family portal.
Simon Penson, Haatch Ventures Partner, commented: “CareLineLive is at an exciting stage of its growth and has a compelling offering and vision when it comes to improving homecare. Homecare for the elderly and vulnerable is something that will touch all of our lives, and with COVID-19 playing a huge part in increasing demand on the market, there has never been a more important time for this technology to improve care. It’s a really important mission and the CareLineLive team is just getting started in terms of its potential.”
News of the investment comes one month after CareLineLive received a £175,000 grant from Innovate UK to enable its expansion into remote monitoring.
This funding will support a research-led software development project that will extend the company’s capability to collect meaningful data on the health and wellbeing of home care service users.
To read CareLineLive’s guest column on the biggest changes since in home care since the first COVID-19 lockdown, click here.