# Caresourcer

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/caresourcer

- Industry: Healthcare IT
- Headquarters: Edinburgh, UK
- Website: www.caresourcer.com
- Total disclosed funding: $12M
- Latest round: Series A (Jun 7, 2018)
- Investors on record: 3

## About

Caresourcer Limited is a digital platform that connects individuals seeking elderly care with service providers across the UK, streamlining the process of finding suitable care options for families and healthcare professionals.Founded in 2015 in Edinburgh, UK, Caresourcer Limited operates a platform designed for individuals seeking elderly care solutions. The company has seen two significant funding deals, with the latest being a Series A round on June 7, 2018, led by Legal & General Capital and supported by Accelerated Digital Ventures. Caresourcer Limited has a current valuation of GBP 31.89 million and has raised a total of GBP 8.45 million to date. Andrew McGinley and Andrew Parfery, both of whom have experience in the tech sector, have played crucial roles in the founding and leadership of the company, with Andrew Parfery currently serving as CEO.Caresourcer operates as a digital platform connecting elderly care seekers with various service providers, including care homes and home care agencies. Users can filter care options based on criteria such as location, pricing, ratings, and specialisms. The platform facilitates direct communication between users and providers, enhancing the search process for care solutions. Caresourcer's services target elderly individuals, their families, healthcare professionals, and care providers throughout the UK, particularly in markets like London, Edinburgh, Birmingham, and Manchester. Its user-friendly interface simplifies access to care home vacancies and supports faster transitions from hospital settings.Caresourcer's revenue model revolves around connecting care seekers with providers, generating income through transaction fees or commissions for successful placements. The platform serves both B2B and B2C markets, enabling individuals to find care directly while offering care homes and agencies a means to reach potential clients. The company may also partner with healthcare organizations and local authorities to increase the visibility of care providers on its platform. Detailed pricing plans for service providers are not publicly disclosed.In June 2018, Caresourcer Limited raised GBP 8.45 million in Series A funding led by Legal & General Capital, which will be utilized to enhance platform features and expand market reach. The company plans to introduce new products aimed at improving user experience and seek geographic expansion into additional regions in the UK, fostering stronger connections between care seekers and providers. Utilizing the funds raised, Caresourcer aims to solidify its position in the elderly care market and support the development of innovative services tailored to evolving user needs.

## Funding rounds

- Series A, Jun 7, 2018, $11M — Legal & General Investment Management, Accelerated Digital Ventures
- Seed, May 12, 2017, $0.6M — BGF Investment Management, Accelerated Digital Ventures

## Investors

- BGF Investment Management (https://capitalatlas.ai/funds/bgf-investment-management) — Seed
- Accelerated Digital Ventures (https://capitalatlas.ai/funds/accelerated-digital-ventures) — Seed, Series A
- Legal & General Investment Management (https://capitalatlas.ai/funds/legal-general-investment-management) — Series A