£1.5m Funding Boost to Help Edinburgh’s Care Sourcer Create 70 New Jobs
Care Sourcer grabbed headlines in 2018 after it secured £8.5 million from the largest-ever Series A funding round led by a tech company in Scotland.
Edinburgh healthtech company Care Sourcer will create around 70 new high-value jobs after securing £1.5 million in RSA funding from Scottish Enterprise.
The funding boost will help take the firm’s headcount to over 100 and comes amid an exciting period as it continues to scale.
Care Sourcer grabbed headlines in June 2018 when it secured £8.5 million from the largest-ever Series A funding round led by a tech company in Scotland.
Commenting on the funding announcement, CEO and co-founder Andrew Parfery said: “As we look to further scale the business in the months and years ahead, the support from Scottish Enterprise will enable us to grow the team to keep apace with our strategic growth plans.
“We are building a fantastic team at Care Sourcer and we’re excited at the prospect of even more talented people joining the fold as we look to fix the broken care system in this country.”
Founded in 2016, the Edinburgh-based company aims to tackle the UK’s growing care crisis via its comparison and matching site for elderly care. Parfery described the site as the “Rightmove of care” and believes it has the potential to make a key role in addressing the mounting challenges of social care.
Michael Cannon, head of grants at Scottish Enterprise, added: “Care Sourcer is a fantastic example of an ambitious, growing Scottish technology company that’s making a real difference to the quality of people’s lives. With our support, Care Sourcer can significantly scale up and enable local individuals, families and communities to benefit from these new quality jobs being created.”
Earlier this year, the healthtech company hired former Skyscanner senior director Ilana Munckton as director of growth.
Munckton led the online travel site through a period of high growth before it was acquired by Chinese company, Ctrip, for £1.4 billion in 2016. The board at Care Sourcer also includes former Skyscanner COO, Mark Logan, while Dr Graham Jones, previously FanDuel, joined the firm as COO in 2017.
Commenting further, Parfery said: “We feel really fortunate to have such talented people, including individuals with proven scale-up experience, on our doorstep.
“Scotland has a dynamic tech ecosystem and Scottish Enterprise’s support helps us keep that expertise here in Scotland. This grant from Scottish Enterprise shows that Scotland isn’t just a great place to start a business, but also a great place to scale a business.”