Nature of Funding :
Venture Capital
Use of Funding :
Development Capital/M&A
Sector :
MedTech
Amount :
£350,000
Date of Investment :
December 2021
Location :
Cheshire/Hereford
Fund :
Merseyside Loan and Equity Fund
Summary
Carebeans was first established by CEO Nick Lawford in 2019 and is a cloud-based software as a service system for residential and nursing care homes and the full spectrum of supported living including domiciliary care, disability, and mental health services.
The funds will be used to grow the business with the further development of the functionality of the software and the opening of a new office in Monmouth. New jobs are expected to be created in both Merseyside, where Carebeans has an office at Sci-Tech Daresbury, and the South Wales regions.
The co-investment includes the trade and assets acquisition of the software business of Standex Systems in Northampton and onboarding of five staff who move to Carebeans from Standex UK.
Testimonial
"This investment is providing a step change in our ability to bring on new customers and accelerate R&D in areas we know will have a big impact across large areas of social care provision in the near future. My goal has always been to use great technology to help people live their lives where they want to be with dignity whilst helping care givers provide consistently high quality support unencumbered by onerous, often disconnected, systems and processes.The funding now accelerates our growth in the social care sectors with the opening of our second office and the recruitment of a highly specialist and skilled team.”
Nick Lawford CEO of Carebeans
Meet our expert team:
David Walters
Investment Director0151 236 4040
Investment Director
david.walters@rivercapitaluk.com
0151 236 4040
What is my role?
I work in the Equity Team as a Technology Investment Director and support technology businesses across the region. I have also operated as a CTO at multiple PE backed companies and have also run AI practices. Data and Artificial Intelligence is my superpower and I am a member of the DataIQ 100.
Hobbies or interests outside of work?
- I collect and restore classic Italian scooters
- I play the guitar
- I support the mighty Tranmere Rovers.
Favourite album?
Sound Affects by The Jam.
Dr Marc d’Abbadie
Head of Venture & COO0151 236 4040
Head of Venture & COO
marc.dabbadie@rivercapitaluk.com
0151 236 4040
What is my role?
I am proud to look after River’s Equity practice as well our Operations and Compliance.
Hobbies or interests outside of work?
- Tango
- Cooking
- Swimming.
Favourite album?
Appetite for Destruction by Guns n’ Roses.
