CareLineLive secures £3m from Oakglen to fund expansion
The investment round was led by Oakglen to support international growth and team expansion.
CareLineLive provides a cloud-based software platform for homecare agencies to manage scheduling, records, and billing. The company operates across multiple international markets.
CareLineLive has secured £3m in funding led by Oakglen to support its ongoing international expansion and team growth. The capital will be deployed to scale headcount and accelerate product development as the company increases its engagement with the NHS and local authorities.
Established in 2014, the firm provides digital management platforms for domiciliary care providers. The fresh injection of capital follows previous collaborations with NHS trusts to bridge gaps in social care provision.
From the founder
"The home care sector is currently facing many challenges, from staff shortages to a lack of funding, often making it hard to deliver quality care for clients. To combat this, our mission is to streamline paper-based and other legacy processes, improve carer communication and ultimately give them back more time to do what they love best: caring. This investment will allow us to increase our sales and marketing activities and help us to continue to develop our product offering to meet the needs of carers, agencies, those receiving care, and their families. We’ll also continue our investment into delivering exceptional customer service, which is a key market differentiator for CareLineLive."
Josh Hough
Founder at CareLineLive
Investor perspective
"We are pleased to have made this investment in CareLineLive, and look forward to working closely with Josh and his team to support them in realising the significant potential of the business. CareLineLive has established itself well in a large and growing market, which we think will benefit from demographic tailwinds over the coming years. We believe that the strength of the product, the focus on customer service, and the domain expertise of the management team provides a great foundation for growth. We’re excited to see what Josh and the team will achieve in 2023 and beyond."
Nick Crawford
Group Co-CEO, Oakglen
Use of funds
- 01Grow the team
- 02Expand into international markets
- 03Continue product development
- 04Invest in sales and marketing
Investors
Categories
About the company
CareLineLive
CareLineLive provides an integrated management platform for homecare agencies.