Care provider BelleVie is looking to scale up following £2.1m of funding secured from a range of investors.
The start-up, which has bases in Northumberland and Oxford, says it will expand its operations further into Tyne and Wear thanks to the injection, which comes in a package of seed and grant funding. A £1.6m seed funding round was led by Skagen Conscience Capital and featuring the North East Innovation Fund, supported by the European Regional Development Fund and managed by Northstar Ventures, The Joseph Rowntree Foundation, and Treebeard Trust.
The move has also unlocked £500,000 grant funding from UKRI's Healthy Ageing Challenge managed by Innovate UK and brings the total BelleVie has raised since its incorporation in 2019 to £3.4m. BelleVie provides a range of services including companionship, housework and specialist care for people living with dementia, Parkinson's disease and cancer.
