Cera raises £263m for digital care platform

London-based digital health startup Cera Care Limited has raised $320m (£263.6m) in an equity and debt funding round, with the goal of increasing the number of patients it serves from 15,000 to 100,000.

Based in the UK and with some operations in Germany, Cera’s digital platform provides services such as home deliveries of prescriptions and nursing care based on data analysis.

Cera nurses conduct home appointments where patient data is collected and studied by AI algorithms. Cera claims that its AI technology can predict the deterioration of a patient’s health before it happens and therefore reduce the need for hospitalization.

The company says this can reduce pressure on NHS services and free up hospital beds and care capacity.

Office for National Statistics data released earlier this year found that health and social care vacancies have risen by 57.5% before the pandemic. The understaffed health services lead to increased waiting times and difficulties in finding personal treatments.

“Such significant financial support during this period of global economic volatility is testament to the strength of Cera’s business model, our innovation, and our commitment to revitalizing healthcare,” said Cera founder and CEO, Dr Ben Maruthappu MBE.

“We are now able to use our unique technology to extend what we do to patients around the world who need care, while easing pressure on public services.”

The new funds came from Schroders Capital, Jane Street Capital, KairosHQ, and Vanderbilt University.

“Aging populations, post-pandemic recovery and severe staff shortages have created a series of issues facing healthcare providers and governments,” said Tim Creed, head of private equity investments at Schroders Capital.

“Cera’s digital home healthcare is a unique offering that we believe needs to be rolled out far and wide to provide a tangible solution to hospital wait times, build a larger workforce of caregivers and help our senior communities receive truly quality care .”

In 2018, Cera raised $17m (£14m) despite facing allegations of unverified fake reviews online.

Cera raises £263m for digital care platform

Source link Cera raises £263m for digital care platform

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