- London-based care tech startup Birdie has lifted $30 million in Series B funding.
- The corporation needs to digitize the paper data utilised by workers to boost treatment.
- Check out the 19-slide pitch deck Birdie employed to elevate the clean funds beneath.
A startup that has produced a system to significantly enhance property treatment has lifted $30 million in fresh funds.
London-centered Birdie, which was established in 2017, can notify carers to matters like missed drugs while also supplying protected check-in by GPS to make certain visits take put in the proper location.
Birdie to begin with started by partnering with treatment businesses to decrease the amount of paper document-maintaining accomplished by collating individual information via its app. Now, the business needs to develop past just treatment homes and into at-house care by doing the job with hundreds of scaled-down, non-public agencies and gathering thousands and thousands of information factors to strengthen an underfunded method.
The UK’s care method is under pressure. The number of folks around 65 in Britain will double by 2050, while 25% of the UK’s household care vendors are on the brink of personal bankruptcy, and neighborhood authorities in England will encounter a £4.4 billion funding hole by 2023.
“Healthcare expenses are escalating sizeably and rising a lot quicker than GDP,” Max Parmentier, Birdie’s CEO informed Insider.
“The growing older inhabitants is escalating and all over 70% of healthcare invest is on elderly folks but folks are waiting around much too long to go to medical center. We are hoping to modify the health care model, to make it much more personalised and preventative through technological know-how.”
Parmentier cites the broad paper trail left by carers who in some cases pay a visit to persons in care a few times a day and commit large quantities of time performing paperwork. By collating affected person records on treatment, diet program, way of living, and overall health worries by way of the Birdie application, the business needs to cut down the pen and paper workload for carers and also potentially place health ailments previously.
The Series B spherical will be utilised to accelerate the firm’s growth in the United kingdom and launch into Europe afterwards this year. Birdie’s funding was led by was led by expense organization Sofina, with OMERS Ventures and abide by-on expenditure from Index Ventures, who led the company’s earlier $11.5 million Series A.
“The care market is damaged but we see carers as warriors on minimum amount wage who could operate in other places, so we want to make their life much better,” Parmentier extra.
“Treatment residences employed to be the default solution but at-home treatment is rising quickly so we have to have to supply better do the job to draw in and keep carers and offer more recognition for their get the job done.”
Funding will go in the direction of doubling the company’s headcount from around 115 personnel at this time around the upcoming 18 months. Birdie desires to operate with larger sized agencies and treatment shoppers to provide various companies in the British isles and has also earmarked a number of European marketplaces to broaden into in the subsequent two decades.
Verify out Birdie’s pitch deck underneath: