Lifted secures £4.4m in Series A funding led by Fuel Ventures to expand its care platform
The London based care technology start up has raised Series A capital from Fuel Ventures and other backers to develop its home care platform and dementia services.
Lifted operates a care technology platform designed to improve home care experiences for families and working conditions for carers. The company provides management tools and resources to help people navigate the social care sector.
London based care technology start up Lifted has secured £4.4m in a Series A funding round led by Fuel Ventures. The financing also saw participation from existing backer 1818 Venture Capital alongside new investors Perivoli Innovations, the J.B. Ugland family office, Novit Ventures, VOYAGERS Health Tech fund, and a number of angels.
The capital will be directed towards launching a comprehensive marketplace for dementia care, developing application led experiences for families, and expanding data driven tools for carers. Lifted has recently acquired Live Better With Dementia as part of its wider growth strategy.
The latest investment follows a period of rapid expansion for the firm, which has tripled revenue and reduced carer churn over the past year amidst rising demand for home care services.
From the founder
"In the last year, the number of people caring for loved ones has dramatically increased. At Lifted we believe no one should care alone. We are unique in revolutionizing the experience of care for the whole family and for Carers, enabling families to live great lives even in the toughest of times. In 12 months, we have tripled revenue, launched the first App in the world to offer free care advice, and cut Carer churn to half the industry average, all while maintaining exclusively 5 star reviews on Trustpilot."
Rachael Crook
CEO at Lifted
Investor perspective
"We’re delighted to work with Lifted on this latest round. Rachael, Sam and their team have delivered exceptional growth in the past year in the most difficult of circumstances. They have a unique vision of the future for care and their model is delivering clear results for both sides of the marketplace. With an exceptional team, and industry defining technology we are excited to partner with them as they build the care unicorn the sector is waiting for."
Mark Pearson
Founder, Fuel Ventures
Use of funds
- 01Continue product development
- 02Fund research and development
- 03Fund acquisitions
Investors
Mark Pearson
Fuel Ventures
1818 Venture Capital
Perivoli Innovations
J.B. Ugland
Novit Ventures
VOYAGERS Health Tech fund