An app-driven care provider which provides virtual care inside people’s homes augmented through a platform has raised £2.6 million ($320M) in an equity and debt financing round – and will use it to free up NHS beds.
Cera’s successful platform allows carers to monitor patients’ health and potentially flag problems, whilst claiming to move more and more services out of hospitals and into the home.
Freeing up NHS beds
The company has announced that it will go from helping 15,000 patients a day to a massive 100,000 as a result of the huge cash injection, which will ease pressures on the health service and move much more care into a home setting.
Cera, which delivers care, nursing, telehealth and prescription delivery services in the home, and claims it is 10-times cheaper than servicing a patient in hospital.
Funding round
Kairos HQ, an existing investor of Cera, led the equity side of the funding round along with Jane Street Capital, Vanderbilt University Endowment, Schroders Capital, Squarepoint Capital, Yabeo Capital, Guinness Asset Management and others.
Dr Ben Maruthappu MBE, CEO and Co-founder of Cera said: “Since Cera’s launch in November 2016 the company has scaled at an unprecedented rate for the sector, benefiting countless lives, and proving the need for technology-powered improvement in healthcare.
“Receiving such significant financial backing during this period of global economic volatility, is testament to the strength of Cera’s business model, our innovation, and our commitment to revolutionising healthcare.
“We’re now in pole position to be able to use our unique technology to expand what we do for patients across the world who are in need of care, while relieving pressures on public services.”
