Fuel Ventures led the Series A round to help the expert knowledge platform scale its operations.
"Having the right information gives you a competitive edge but the typical means of engaging with experts through one hour calls alone is failing to deliver value. These interviews are usually held by a single department and their findings end up lost in PowerPoint presentations or reports. Therefore, companies are only building up a short-term view. We are bringing innovation to the ways companies are working with external experts by using groundbreaking technology to, not just build expertise within organizations, but deliver it in ways that are digestible, searchable and, most importantly, usable for the months and years ahead across different departments."
The funding round was led by Toscafund Asset Management with support from Deepbridge Capital, and will fund international expansion and product development.
"As market practitioners we have always been acutely aware of market developments and working with market participants to shape our product development and innovation. As such it was important, we found a partner who shared our vision within financial services. We believe that Toscafund’s global expertise and impressive market connectivity will be of tremendous benefit to VoxSmart in our next stage of growth."
The over-subscribed funding round was organised by West Hill Capital to support the deployment of Lilli's machine learning care platform.
"The timing for this new preventative approach to care and integration of our smart technology is crucial in meeting the needs of ageing population, this has only been exacerbated by COVID 19. The role of technology has a vital role to play in the future success of care delivery across the UK and globally."
The grant from Innovate UK will fund a research-led software project to enable dynamic care planning.
"As a UK health tech scaleup, we were delighted to receive this funding to deliver further improvements in homecare innovation. COVID-19 has both highlighted the urgent need for a more connected experience in the domiciliary care sector, as well as driven the rise in demand for the elderly to stay in their homes. We have purpose-built the CareLineLive solution to complete the circle of care, giving homecare staff a platform to easily track and record their patients’ care, families the insight into their loved ones’ care, and patients the peace of mind that their care is being monitored seamlessly. The next step will be increased data insights enabling more proactive interventions. This will ultimately help to integrate person-centred care between all care providers in the future."
The funding will be directed towards research and development while the company native token integrates with Fireblocks.
"While blockchain has been a revolutionary phenomenon in its own right, a lot of people have been conveniently ignoring the disruptive potential autonomous technologies pose to our industry,"
