London-based elyndra has raised 拢1.1m to make a series of key appointments and continue its growth.
The company, which has built an AI-powered platform for the social care sector, will also use the funds to accelerate the development of its technology.聽
Outward VC led the round for elyndra, which is looking to optimise care processes, improve decision-making capabilities and ensure better outcomes for those in care.
Its integrated platform equips care managers and frontline staff with AI-powered tools in order to enhance efficiency and care quality.
With associated data complexity and regulatory burdens, elyndra is initially focused on children’s care.
鈥淲e were looking for an investment partner to support the next stage of our growth journey, and Outward offers the experience and vision to help us achieve our goals,鈥� said elyndra founder Marcus Williamson.
鈥淢y family have run businesses in the social care sector, and I鈥檝e seen first-hand the challenges faced. Our technology can play a significant role in the evolution of care delivery and decision-making with AI-powered systems that turn fragmented information into clear, actionable insights.聽
鈥淏y getting placements and care decisions right the first time, we reduce crisis interventions and create better outcomes for everyone involved. Ultimately, this will make care more accessible, sustainable and effective for social care operators, teams and those in their care – ensuring the right care, at the right time.
鈥淲e鈥檙e already seeing this come to life within a number of children鈥檚 care settings, where precise matching and rapid response are critical and with this investment, we’re poised to accelerate our impact by scaling across the whole sector.鈥�
The company has already agreed a strategic partnership with Tristone Healthcare – a long-term investor with a portfolio of ten businesses.
Yannis Loucopoulos, CEO of Tristone Healthcare, added: 鈥淲e鈥檙e already seeing significant benefits from our partnership with elyndra with positive feedback from our teams and the young people in our care about how time saved on administrative tasks can be reallocated to spending one-to-one time with each other.聽
鈥淭he future potential is really exciting as we can drive more value from our data and improve the care we provide.鈥�