CareLineLive, a provider of medical practice management solutions for home healthcare providers in the United Kingdom, raised £3 million in equity funding from Oakglen, a venture capital investment firm that invests in startups across Europe and North America.
With new funds, CareLineLive plans to expand its business operations internationally, including in Ireland and Australia. The funds will allow the startup to scale its team and to accelerate its product development activities.
“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, Josh Hough, CareLineLive co-founder and managing director, said in a press release.
“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,” added Josh Hough.
According to the company’s website, CareLineLive was founded to simplify the medical practice management process for home care agencies in the United Kingdom. Working closely with home care agencies, CareLineLive has developed a cloud-based home care management system for home care agency owners and managers. The care management system includes solutions such as eMAR medication software, home care rostering software, care invoicing and payroll, and home care compliance modules as standard.
According to our funding database, medical practice management software startups have raised more than $11+ billion in funding to date. More recently, Archy, a provider of practice management software solutions for dental practices, raised $10 million in funding co-led by Bessemer Venture Partners and CRV, with participation from Alven, Nurzhas Makishev, Adapt Ventures, 2.12 Angels, Diagram Collective, Somrat Niyogi, Instacart CEO Fidji Simo, and former Uber CTO Thuan Pham.
