CareLineLive, an all-in-one home care management software company, announced that it has secured a majority investment from Accel-KKR.
Launched in 2014 by entrepreneur Josh Hough, CareLineLive provides an all-in-one cloud-based platform for homecare agencies, integrating staff scheduling, client visits, patient records, and invoicing. And the company currently supports hundreds of care providers across seven countries.
A portion of the funding will be utilized to establish a customer support presence in Australia, enabling round-the-clock service.
The full deal value was undisclosed, but the investment also facilitates an exit for early backers Oakglen and Haatch.
KEY QUOTES:
“Our vision has always been to make homecare better for everyone through the use of technology – for providers, carers and clients.”
“This investment helps bring that future closer. Accel-KKR’s long track record of helping software companies grow is what I am most excited about. Their experience and resources will help us to grow our team, enhance our product, and deliver even more value to our customers.”
“As our UK team finishes for the day, the Australia team will begin – meaning we’ll be able to support customers at any time of day.”
“We’re incredibly proud of the progress we’ve made over the last decade and I’d very much like to thank both Oakglen and Haatch for their support. This marks an exciting new chapter with Accel-KKR.”
Josh Hough
“No matter where they serve, home care providers want to focus on delivering responsive, respectful and personalized care. Technology can help carers and agencies improve efficiencies, maintain compliance and grow while being focused on their clients’ wellbeing. We’re excited to back CareLineLive and help Josh and his team continue to build market-leading solutions in this category.”
Maurice Hernandez, Managing Director at Accel-KKR
