Elder has raised another £8.2 million in its latest funding round, from Acton Capital and MMC Ventures, bringing its funding rounds total to £16.5 million.

Elder matches self-employed live-in carers to families in need using proprietary logistical and matching technology.

The service can get a carer matched on individual needs and personality to any location in the UK within 48 hours, allowing the customer to have access a bespoke service, while being able to stay in their own home.

As a technology-enabled live-in care service, Elder has begun to gain nationwide popularity, having delivered more than 350,000 days of care in more than 300 towns and cities across the UK since 2016.

Peter Dowds, co-founder at chief executive of Elder, said: “This is an exciting time for Elder customers and families everywhere who are looking for vital support and care. This new funding will be used to further improve our live-in care experience so even more people up and down the UK can make sure their loved ones get to remain happy, independent and supported in their own home, rather than being forced out of it and into a care home.”

He added: “It is great to have the continued backing of MMC Ventures and to welcome Acton Capital on board. Their shared experience will be invaluable as we continue on our journey. I look forward to working with them.”

Date published: January 20, 2020

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