Insurtech Yurtle, based mostly in London, has raised £1.37m in seed funding to develop its staff and fight caregiver burnout because the world’s first digital care ally.
Yurtle desires a world the place everybody has the selection to reside independently as they’re and can accomplish that by way of casual social care networks.
Its B2B resolution prevents caregiver burnout by serving to them construct a resilient care staff round them, in addition to a monetary security web when well being breaks down.
Paid for by employers, the answer is being bought to companies dedicated to the wellbeing of their workers.
Yurtle’s app helps workers replicate on the care load they carry – usually ignored by caregivers desperate to prioritise the wants of a kid/dad or mum/grandparent/partner, obtain personalised recommendation on changing into more practical caregivers, and exhibits them the best way to mobilise their current community to share caring obligations.
Two specialist buyers have been co-leads for this spherical; Insurtech Gateway – with insurance coverage and regulatory experience and Mustard Seed Maze – with its affect funding experience and community.
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“We consider there isn’t a single systemic problem extra urgent or fascinating to resolve for than our ageing inhabitants. We’re thrilled to have secured funding that enables us to proceed constructing the instruments households want to satisfy their obligations of look after family members with out sacrificing their well being. With the formal announcement of Jose Ribeiro as Chairman of Yurtle, that is really a mission to offer others what we want our household had entry to in its time of want,” stated Antonio Ribeiro, founder.
“Caregiving is the only largest driver of underrepresentation of girls within the senior management, it’s behind the gender pension and pay gaps, and the decrease participation of girls in paid work. Yurtle’s product takes a direct method to sort out this inequality, providing caregivers the neighborhood help and monetary safety essential to take care of their very own well being and profession, whereas offering high-quality care to family members. We’re proud to help Yurtle as they broaden their product throughout the UK and past,” said Richard Chattock, CEO at Insurtech Gateway
“For MSM, tackling the problem of a rising aged inhabitants has all the time been an space of curiosity, contemplating the dimensions of the issue and the affect potential. Nevertheless, it was solely clear to us after assembly Yurtle {that a} scalable enterprise mannequin might be discovered within the house. The combo of an answer that solves the monetary (insurance coverage) and non-financial (platform) points linked to caregiving, along with a enterprise mannequin that splits the accountability between workers and employers, makes this attainable. António and the staff he constructed round Yurtle couldn’t be a greater match to sort out this drawback, with a mix of enterprise, insurance coverage, behavioral science and on-the floor expertise working with caregivers,” added Sofia Queiroz, funding principal at MSM.
