Empowering Informal Care Networks for Independent Aging: Yurtle's Solution
For everyone to have the choice to live independently as they age, we must empower informal social care networks to deliver care support in a sustainable and effective manner. Globally, the number of people aged 65+ is growing at twice the rate of younger age groups. People are also living longer, but in poorer health. In the absence of affordable professional support, 12,000 people each day in the UK are being thrust into a caregiving role for an elderly, frail, sick, or disabled loved one, costing their employers £4.8bn each year through productivity losses, absence, and turnover.
Yurtle’s B2B solution helps employers prevent caregiver burnout in their workforce by helping employees build a resilient care team around them and providing financial safety.
Yurtle’s Seed round was co-led by Insurtech Gateway and Mustard Seed Maze, providing a fillip to the company’s credentials in both its insurance structure and its social impact. The funding will enable Yurtle to grow its team (product and sales) and release Yurty, the UK’s first digital care ally. Yurtle’s support is scalable, hyper-personalised, and affordable, relying on humans only when they are best placed to perform a task.
London, UK, 28th February – Yurtle, a London-based insurtech helping workplaces combat caregiver burnout, has closed a Seed funding round of £1.37m co-led by Insurtech Gateway and Mustard Seed Maze, to grow its team and roll out the world’s first digital care ally. Yurtle envisages a world where everyone has the choice to live independently as they age. To do so, we must empower informal social care networks to deliver care support in a sustainable and effective manner. The global demographic data paints a concerning picture for social care, with the number of people aged 65+ growing at twice the rate of younger age groups.
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