elyndra, a London-based company working on improving the social care sector with its AI-powered platform, has successfully raised £1.1 million in a funding round led by Outward VC. The investment will be used to make key appointments and accelerate the development of its technology, which is designed to optimise care processes and improve outcomes for those in care.
The platform provides care managers and frontline staff with AI tools to enhance efficiency and care quality. Initially, elyndra is focusing on the complex children’s care sector, where data complexity and regulatory burdens are particularly high.
Marcus Williamson, founder of elyndra, said: “We 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. My family have run businesses in the social care sector, and I’ve 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.”
“By 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. We’re already seeing this come to life within a number of children’s 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.”
In a significant move, the company has already forged a strategic partnership with Tristone Healthcare, a long-term investor with a portfolio of ten businesses.
Yannis Loucopoulos, CEO of Tristone Healthcare, praised the collaboration, stating: “We’re 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. The future potential is really exciting as we can drive more value from our data and improve the care we provide.”
Image source: Pixabay
