CareLineLive Secures Majority Investment from Technology Investment Firm Accel-KKR
Founded in 2014 by entrepreneur
Across many parts of the world, the home healthcare market continues to grow. For example, the
Hough said the investment would help accelerate the company's growth and international reach. "Our vision has always been to make homecare better for everyone through the use of technology – for providers, carers and clients," he said.
"This investment helps bring that future closer. Accel-KKR's long track record of helping software companies grow is what I am most excited about. Their experience and resources will help us to grow our team, enhance our product, and deliver even more value to our customers."
A portion of the funding will be used to establish a customer support presence in
The full transaction value has not been disclosed, but the investment also facilitates an exit for early backers Oakglen and Haatch. Hough also paid tribute to the outgoing investors: "We're incredibly proud of the progress we've made over the last decade and I'd very much like to thank both Oakglen and Haatch for their support. This marks an exciting new chapter with Accel-KKR."
Accel-KKR, which specialises in investing in enterprise software and tech-enabled businesses, cited CareLineLive's technology and customer-centric ethos as among the key drivers behind its decision to invest in CareLineLive.
Hough said he and the senior management team will be remaining with the company for the foreseeable future. "There's a long-term plan in place, but it's very much business as usual," Hough added.
About CareLineLive
Founded in 2014, CareLineLive provides an all-in-one cloud-based platform for homecare agencies, integrating staff scheduling, client visits, patient records and invoicing. The company currently supports hundreds of care providers across seven countries. CareLineLive is one of the few companies to meet the NHS requirements to be on the approved supplier list for Digital Social Care Records. It also integrates with GP Connect, enabling access to GP records.
About Accel-KKR
Accel-KKR is a technology-focused investment firm with
Media Contacts:
For CareLineLive:
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For Accel-KKR:
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View original content:https://www.prnewswire.com/news-releases/carelinelive-secures-majority-investment-from-technology-investment-firm-accel-kkr-302471466.html
SOURCE Accel-KKR and CareLineLive
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