Insurtech Yurtle, primarily based 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 stay independently as they’re and can accomplish that by way of casual social care networks.

Its B2B answer 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 staff.

Yurtle’s app helps staff replicate on the care load they carry – usually neglected by caregivers wanting to prioritise the wants of a kid/mother or father/grandparent/partner, obtain personalised recommendation on changing into more practical caregivers, and reveals them the way to mobilise their present community to share caring obligations.

Two specialist traders have been co-leads for this spherical; Insurtech Gateway – with insurance coverage and regulatory experience and Mustard Seed Maze – with its influence funding experience and community.

“We imagine 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 take care of family members with out sacrificing their well being. With the formal announcement of Jose Ribeiro as Chairman of Yurtle, that is actually 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 ladies within the senior management, it’s behind the gender pension and pay gaps, and the decrease participation of ladies in paid work. Yurtle’s product takes a direct strategy to deal with this inequality, providing caregivers the group 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 develop 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 at all times been an space of curiosity, contemplating the scale of the issue and the influence potential. Nonetheless, 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 duty between staff and employers, makes this potential. António and the staff he constructed round Yurtle couldn’t be a greater match to deal with this drawback, with a mixture of enterprise, insurance coverage, behavioral science and on-the floor expertise working with caregivers,” added Sofia Queiroz, funding principal at MSM.

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