£1.5 million grant will create over 70 new high value jobs at Care Sourcer

Care Sourcer has secured a £1.5 million regional selective assistance (RSA) grant to create around 70 new high value jobs and take headcount to over 100 at the healthtech company that is developing industry-leading technology to tackle the UK’s care crisis via the first comparison and matching site for older people care.

Care Sourcer, co-founded by Andrew McGinley and Andrew Parfery in 2016, is working with a number of NHS Trusts across the UK and secured an £8.5 million investment round led by Legal & General and ADV in 2018, the largest ever Series A funding round by a digital tech company in Scotland.

Andrew Parfery, CEO and co-founder of Care Sourcer, said: “As we look to further scale the business in the months and years ahead, the support from Scottish Enterprise will enable us to grow the team to keep apace with our strategic growth plans.  We are building a fantastic team at Care Sourcer and we’re excited at the prospect of even more talented people joining the fold as we look to fix the broken care system in this country.” 

Investment Minister Ivan McKee said: “A vibrant and successful Scottish economy depends on companies like Care Sourcer. The £1.5 million RSA award from Scottish Enterprise will create over 70 new high value jobs, generating real economic impact for Scotland. I look forward to hearing more good news from the Care Sourcer team as they pursue their growth ambitions.”

Michael Cannon, Head of Grants at Scottish Enterprise, said, “Care Sourcer is a fantastic example of an ambitious, growing Scottish technology company that’s making a real difference to the quality of people’s lives. With our support, Care Sourcer can significantly scale up and enable local individuals, families and communities to benefit from these new quality jobs being created.”

Earlier this year, Care Sourcer hired former Skyscanner senior director (Director, Growth) Ilana Munckton as Director of Growth. Munckton oversaw a period of high growth at the global online travel site that was acquired by China’s Ctrip for £1.4 billion in 2016.  Care Sourcer’s board also includes former Skyscanner COO, Mark Logan, while former FanDuel Senior Director of Engineering, Dr Graham Jones, became Care Sourcer’s COO in 2017.

Andrew Parfery added: “We feel really fortunate to have such talented people, including individuals with proven scale-up experience, on our doorstep. Scotland has a dynamic tech ecosystem and Scottish Enterprise’s support helps us keep that expertise here in Scotland. This grant from Scottish Enterprise shows that Scotland isn’t just a great place to start a business, but also a great place to scale a business.”

“Care Sourcer’s online comparison and matching site is directly connecting people with businesses who can help – the ‘Rightmove’ of care! Our technology is proven to make a significant impact on the challenges in social care, and we look forward to more attention and investment in this critical topic.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Sponsor

Our Other Titles

Latest

What are the Advantages of Field-proven Subsea CT Scanners?

The upkeep of subsea pipelines, which involves ensuring safe offshore operations as well as conforming to precise legal regulations, is vital for...

Why is human induced vibration so important to engineers and builders?

Engineering and minimising the effects of human induced vibration AN important aspect of most engineering and building projects...

Swipii secures £1 million investment

GLASGOW-based Swipii has secured funding of £1 million into its cashback app. The investment has been made by Scottish private equity company Par Equity,...

Scottish manufacturers harness hydropower in Angola after receiving £70 million in financial support

POWER transformers built to harness Angola’s huge supply of hydropower have been shipped from ports in Tilbury this week, as UK companies...

Million-pound funding package enables significant growth of services in Fife

ABBIECRAIG Services in Freuchie, Fife, has enjoyed a successful first six months in business following its refurbishment, which was enabled by a...