Yurtle secures £1.4m in seed funding co-led by Insurtech Gateway and Mustard Seed Maze to expand its team and launch a digital care assistant
The seed financing was co-led by Insurtech Gateway and Mustard Seed Maze to support product expansion and the rollout of a new digital care ally.
Yurtle operates as an insurtech that helps workplaces combat caregiver burnout through an insurance-based employee wellness benefit.
Yurtle, a London-based insurtech addressing workplace caregiver burnout, has secured £1.4m in a seed financing round co-led by Insurtech Gateway and Mustard Seed Maze. The fresh capital will be deployed to expand the company product and sales teams, alongside facilitating the launch of its digital care ally, Yurty.
The business addresses the strain placed on informal caregivers in the UK workforce, combining a B2B platform with insurance products to build resilient care networks and financial safety nets. The round strengthens the company footprint across both the insurance and social impact sectors.
From the founder
"We believe there is no single systemic challenge more pressing or fascinating to solve for than our ageing population. We are thrilled to have secured funding that allows us to continue building the tools families need to meet their obligations of care for loved ones without sacrificing their health. With the formal announcement of Jose Ribeiro as Chairman of Yurtle, this is truly a mission to give others what we wish our family had access to in its time of need"
Antonio Ribeiro
Founder at Yurtle
Investor perspective
"Caregiving is the single largest driver of underrepresentation of women in the senior leadership, it is behind the gender pension and pay gaps, and the lower participation of women in paid work. Yurtle’s product takes a direct approach to tackle this inequality, offering caregivers the community support and financial security necessary to look after their own health and career, while providing high-quality care to loved ones. We are proud to support Yurtle as they expand their product across the UK and beyond."
Richard Chattock
CEO, Insurtech Gateway
Use of funds
- 01Grow the team
- 02Continue product development
