Venture Capital: Home Healthcare Company Cera Lands $320M

August 4, 2022 | News, Venture Capital

Digital first home healthcare company Cera is one of the largest healthcare-at-home providers in the UK.

Dr Ben Maruthappu (pictured) founded Cera in 2016 and since then it’s grown to a team of a;most 10,000 professionals that provides over 40,000+ in-person healthcare visits in homes throughout the UK every day. Cera announced its raise of $320 million in equity and debt funding. The equity round was led by Cera’s existing investor Kairos HQ. However, the identity of the debt provider has not been disclosed. (TechFundingNews)

Vanderbilt University Endowment, Evolve Healthcare Partners alongside Schroders Capital (that invested in Ada), Jane Street Capital, Yabeo Capital, Squarepoint Capital, Guinness Asset Management, Oltre Impact, 8090 Partners, technology investor Robin Klein and several other international institutional investors also participated.

Dr Ben Maruthappu MBE, CEO and Co-founder of Cera, commented: “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.”

According to TechCrunch, Cera provides care, nursing, telehealth and prescription delivery services at home and claims that costs are a tenth of those incurred on a patient in hospital. It is a preventive system that predicts complications before they happen based on health data and patient systems entered into the system by visting staff.

Tim Creed, Head of Private Equity Investments of Schroders Capital, commented, “Cera’s digital-first home healthcare is a unique offering that we believe must be rolled out far and wide to provide a tangible solution to hospital waiting times, building a bigger carer workforce and to help our elderly communities to receive quality, genuine care.”

Related Story: Digital Health Platform Noom Raises $540M Round Led By Silver Lake

Image credit: Flickr

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