Passion Capital invests in carers’ platform Hometouch

London-based venture capital house provides funding that will be put towards accelerating expansion.

HomeTouch, an online platform to find vetted and experienced home carers, has secured investment financing from one of London’s leading venture capital firms Passion Capital.

The funding will accelerate HomeTouch’s expansion across London, increase the number of vetted carers on its platform into the thousands and expand its range of features which already improve choice, transparency and efficiency of finding high quality, affordable home care.

HomeTouch uses a combination of technology, expert recommendations and flexible pricing to match families with local carers who possess the skills and experience which suit a client’s needs.

This contrasts with the UK’s 7,000 traditional care agencies that provide little choice to families, minimum wage pay to carers and quality which is patchy and poor.

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HomeTouch was founded by former NHS doctor Jamie Wilson in early 2015 and borne out of his frustration of seeing patients in hospital struggling to find care when discharged home. HomeTouch is currently helping carers deliver thousands of hours each week and has customers across every London borough.

Dr Jamie Wilson, founder and CEO of HomeTouch said a partnership with Passion Capital would be “an excellent strategic fit” with the company’s “clinical knowledge, deep understanding of the care sector and customer service ethos”.

“We will be working very closely with Passion to make the most of the opportunities that this deal provides,” he continued.

“HomeTouch has been growing incredibly fast across the capital, and as we have grown the quality and size of our network, we are now seeing the clear benefits of being the UK market leader with increased choice, reliability and transparency to UK families.”

Eileen Burbidge, partner at Passion Capital, added: “All of us at Passion have been hugely impressed by HomeTouch, the ambition and vision of its founder, and the entire team’s motivation to solve critical problems in the home care sector.

“We are looking forward to working with HomeTouch to build on its foundations as the innovator in this sector.”

Further reading: Online platform for angel investors launched

Related Topics

Venture capital funding