About Newcare
Newcare is a company based in Altrincham (United Kingdom) founded in 2009 by Dominic Kay was acquired by Lovett Care in October 2024.. Newcare offers products and services including Nursing Care, Dementia Care, Residential Care, and Respite Care. Newcare operates in a competitive market with competitors including Springfield Healthcare, Country Court Care, Good Life Sorted, Alderson House and Balhousie Care, among others.
- Headquarter Altrincham, United Kingdom
- Founders Dominic Kay
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Sectors
Business 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 Newcare Homes Limited
- Date of Incorporation 07 Sep, 1988
- Jurisdiction WARNINGLID, HAYWARDS HEATH, WEST SUSSEX
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$11.16 M (USD), Debt – Conventional
Apr 26, 2018
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Investors
Lovett Care
& 2 more
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Employee Count
Employee Count
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Acquired by
Lovett Care
(Oct 31, 2024)
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Products & Services of Newcare
Newcare offers a comprehensive portfolio of products and services, including Nursing Care, Dementia Care, Residential Care, and Respite Care. 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.
Provides 24-hour professional care for complex health needs.
Offers dedicated environments for dementia residents' wellbeing.
Assists with daily chores and companionship for elderly.
Delivers short-term stays for temporary care requirements.
Funding Insights of Newcare
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $11.2M
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First Round
First Round
(26 Apr 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Debt – Conventional - Newcare | Valuation |
investors |
| 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 Newcare
Newcare has secured backing from 3 investors, including institutional and angel investors. Prominent investors backing the company include Lovett Care, Yorkshire Bank and Nina Latham. 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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Personal and business banking services are provided by Yorkshire Bank.
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Founded Year | Domain | Location | |
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NL
Nina Latham |
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Founded Year | Domain | Location |
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Senior living, residential, respite, and palliative care services are provided.
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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 Newcare
| 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 - Newcare
| 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 |
Newcare Comparisons
Competitors of Newcare
Newcare 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 Springfield Healthcare, Country Court Care, Good Life Sorted, Alderson House and Balhousie Care, 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 |
Long-term care services are delivered to clients in their homes.
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| domain | founded_year | HQ Location |
Home-based nursing care, residential, and dementia services are provided.
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| domain | founded_year | HQ Location |
Cleaning, laundry, and pet care services are provided to customers.
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| domain | founded_year | HQ Location |
Senior living accommodations are offered in a standalone facility.
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| domain | founded_year | HQ Location |
Residential care services for adults with disabilities are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Newcare
Frequently Asked Questions about Newcare
When was Newcare founded?
Newcare was founded in 2009 and raised its 1st funding round 9 years after it was founded.
Where is Newcare located?
Newcare is headquartered in Altrincham, United Kingdom. It is registered at Altrincham, Greater Manchester, United Kingdom.
Who is the current CEO of Newcare?
Chris McGoff is the current CEO of Newcare.
What does Newcare do?
Newcare was established in 2009 in Altrincham, United Kingdom, within the residential home care sector. Development and management of home care facilities are handled, with services tailored for residential needs. Operations focus on the UK market, supported by key personnel including Founder and Chairman Dominic Kay and CEO and Director Chris McGoff. The company maintains a presence through its domain, newcarehomes.com.
Who are the top competitors of Newcare?
Newcare's top competitors include Country Court Care, Springfield Healthcare and Good Life Sorted.
What products or services does Newcare offer?
Newcare offers Nursing Care, Dementia Care, Residential Care, and Respite Care.
Who are Newcare's investors?
Newcare has 3 investors. Key investors include Lovett Care, Yorkshire Bank, and Nina Latham.