BelleVie Care raises £2.1m to boost innovative care model across Northumberland
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Its wellbeing support teams already provide care across Morpeth, Blyth, Cramlington, Hexham and Prudhoe.
The £1.6m seed funding round, led by Skagen Conscience Capital, is backed by the North East Innovation Fund, supported by the European Regional Development Fund and managed by Northstar Ventures, The Joseph Rowntree Foundation, and Treebeard Trust.
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Hide AdThis investment has also unlocked a further £550,000 in grant funding from UKRI's Healthy Ageing Challenge, delivered by Innovate UK. This brings the total received this funding round to £2.15m, and the total the company has raised so far to £3.4m.
BelleVie’s care model centres around 10-person self-managing teams serving their local community.
Its services are funded by a unique monthly subscription model.
BelleVie co-founder and CEO Trudie Fell said: “We’re thrilled to have the backing of a great group of impact investors; their belief in us is great validation of our model.”