About Care Sourcer
Care Sourcer is a company based in Edinburgh (United Kingdom) founded in 2016 by Julia McGinley, Andrew Parfery, and Andrew McGinley.. Care Sourcer has raised $13.85 million across 4 funding rounds from investors including Scottish Enterprise, Legal & General and Accelerated Digital Ventures. The company has 26 employees as of December 31, 2020. Care Sourcer offers products and services including Care Sourcer Platform and Home Care Search. Care Sourcer operates in a competitive market with competitors including Care.com, HomeTouch, Lifted, Curamcare and SuperCarers, among others.
- Headquarter Edinburgh, United Kingdom
- Employees 26 as on 31 Dec, 2020
- Founders Julia McGinley, Andrew Parfery, Andrew McGinley
- Stage Minicorn
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Sectors
HealthcareBusiness Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Caresourcer Limited
- Date of Incorporation 01 Feb, 2023
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$13.85 M (USD)
in 4 rounds
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Latest Funding Round
$1.84 M (USD), Grant
Aug 28, 2019
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Investors
Scottish Enterprise
& 3 more
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Employee Count
26
as on Dec 31, 2020
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Products & Services of Care Sourcer
Care Sourcer offers a comprehensive portfolio of products and services, including Care Sourcer Platform and Home Care Search. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online tool for searching and comparing elderly care options.
Feature for finding and contacting home care agencies quickly.
Funding Insights of Care Sourcer
Care Sourcer has successfully raised a total of $13.85M across 4 strategic funding rounds. The most recent funding activity was a Grant round of $1.84 million completed in August 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Grant — $1.8M
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First Round
First Round
(03 Jun 2016)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Grant - Care Sourcer | Valuation |
investors |
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| Jun, 2018 | Amount | Series A - Care Sourcer | Valuation | Legal & General , Accelerated Digital Ventures |
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| May, 2017 | Amount | Seed - Care Sourcer | Valuation | Accelerated Digital Ventures , BGF |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Care Sourcer
Care Sourcer has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Scottish Enterprise, Legal & General and Accelerated Digital Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Seed-stage tech investments are made in UK-based startups.
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Founded Year | Domain | Location | |
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Early & Growth stage tech & offline focused VC firm funding companies in the UK & Ireland
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Founded Year | Domain | Location | |
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Business development and leadership training programs are offered to companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Care Sourcer
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Care Sourcer
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Care Sourcer Comparisons
Competitors of Care Sourcer
Care Sourcer operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Care.com, HomeTouch, Lifted, Curamcare and SuperCarers, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
An app-based marketplace for caregivers is operated.
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| domain | founded_year | HQ Location |
A marketplace for senior care services is operated online.
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| domain | founded_year | HQ Location |
App-based platform that provides senior caregiving services
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| domain | founded_year | HQ Location |
Caregivers are searched and booked via an app-based platform.
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| domain | founded_year | HQ Location |
Caregivers are matched and booked via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Care Sourcer
Frequently Asked Questions about Care Sourcer
When was Care Sourcer founded?
Care Sourcer was founded in 2016.
Where is Care Sourcer located?
Care Sourcer is headquartered in Edinburgh, United Kingdom. It is registered at Edinburgh, Scotland, United Kingdom.
Who is the current CEO of Care Sourcer?
Andrew McGinley is the current CEO of Care Sourcer. They have also founded this company.
Is Care Sourcer a funded company?
Care Sourcer is a funded company, having raised a total of $13.85M across 4 funding rounds to date. The company's 1st funding round was a Seed of $798K, raised on Jun 03, 2016.
How many employees does Care Sourcer have?
As of Dec 31, 2020, the latest employee count at Care Sourcer is 26.
What does Care Sourcer do?
Care Sourcer is an online lead generation platform for senior care providers operating in the UK. Users can register on the platform for free and post their care requirements online to obtain competing quotes from independent local service providers in their vicinity. Users can browse through the profiles and quotes of the services providers and choose to avail the services of the one that meets their requirements. Care providers interested in associating with the company can do so by furnishing their details on the companys platform. The company earns revenues through commissions charged for every successful contract facilitated through the platform. It charges 25 pounds per week through the duration of the contract for all live-in care contracts and 0.50 poundshour through the duration of the contract for at-home care services. As of May 2017, the companys services are available across select locations in the UK.
Who are the top competitors of Care Sourcer?
What products or services does Care Sourcer offer?
Care Sourcer offers Care Sourcer Platform and Home Care Search.
Who are Care Sourcer's investors?
Care Sourcer has 4 investors. Key investors include Scottish Enterprise, Legal & General, Accelerated Digital Ventures, and BGF.
What is Care Sourcer's valuation?
The valuation of Care Sourcer is $41.3M as of Jun 2018.