£1.5m RSA support
Comparison site Care Sourcer secures funding for 70 jobs
Andrew Parfery and Andrew McGinley
Care Sourcer, the Edinburgh-based comparison site for people care, has secured a £1.5 million regional selective assistance (RSA) grant to create up to 70 jobs.
It will take headcount at its headquarters in the Codebase incubator to more than 100 at the healthtech company co-founded by Andrew McGinley and Andrew Parfery in 2016.
The company is working with a number of NHS Trusts across the UK and last year secured an £8.5 million investment round led by Legal & General and ADV. It was the largest Series A funding round by a digital tech company in Scotland.
Mr Parfery, CEO, said: “As we look to further scale the business in the months and years ahead, the support from Scottish Enterprise will enable us to grow the team to keep apace with our strategic growth plans.
“We are building a fantastic team at Care Sourcer and we’re excited at the prospect of even more talented people joining the fold as we look to fix the broken care system in this country.”
Investment Minister Ivan McKee said: “A vibrant and successful Scottish economy depends on companies like Care Sourcer. The £1.5 million RSA award from Scottish Enterprise will create over 70 high value jobs, generating real economic impact for Scotland. I look forward to hearing more good news from the Care Sourcer team as they pursue their growth ambitions.”
Earlier this year, Care Sourcer hired former Skyscanner senior director Ilana Munckton as director of growth. She oversaw a period of high growth at the global online travel site that was acquired by China’s Ctrip for £1.4 billion in 2016. Care Sourcer’s board also includes former Skyscanner COO, Mark Logan, while former FanDuel senior director of engineering, Graham Jones, became Care Sourcer’s COO in 2017.
Mr Parfery added: “We feel really fortunate to have such talented people, including individuals with proven scale-up experience, on our doorstep. Scotland has a dynamic tech ecosystem and Scottish Enterprise’s support helps us keep that expertise here in Scotland. This grant from Scottish Enterprise shows that Scotland isn’t just a great place to start a business, but also a great place to scale a business.”
“Care Sourcer’s online comparison and matching site is directly connecting people with businesses who can help – the ‘Rightmove’ of care! Our technology is proven to make a significant impact on the challenges in social care, and we look forward to more attention and investment in this critical topic.”