Haatch Ventures led the investment round, and the fund will be used to grow its team while its headcount already saw 30% increase since September 2020. Also, the investment will accelerate CareLineLive’s expansion into international markets. Notably, 10% of its customers outside the UK belong to Australia, Malta and Zimbabwe.
The growth capital will let CareLineLive continue to innovate its platform. Basically, the platform, which can be accessed via an app, helps caregivers offer services remotely, whenever required. The company says its services are cost-effective and has a lot of features to manage the tasks smoothly.
Josh Hough, Founder and MD, CareLineLive, commented: “Homecare 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 homecare 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.”
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.”
Founded by Josh Hough in 2014, CareLineLive’s customers have seen improved cash flow and increased revenues by up to 50%. Thousands of carers benefit from CareLineLive every day across agencies including Home Care Nurses in Australia, Clannad Care in Ireland, and Coastal Homecare in the UK.
CareLineLive uses the latest technology to develop innovative, easy-to-use, and cloud-based homecare management software for agency owners and managers. Its award-winning platform digitises workflows, automates procedures, increases revenue opportunities and decreases overheads. The company completes the ‘circle of care’ and gives agencies and carers ‘more time to care’.