CareLineLive secures majority investment from Accel-KKR
Deal News | Jun 03, 2025 | Business Cloud
CareLineLive, a leading provider in the homecare management software space, has received a majority stake investment from technology-focused private equity firm Accel-KKR. The company's senior management team, led by founder Josh Hough, will remain intact, whereas original investors Oakglen and Haatch have exited. The undisclosed deal is set to bolster CareLineLive's growth and expansion efforts, particularly internationally. The investment will fund new initiatives, including setting up a customer support presence in Australia for 24-hour service. Accel-KKR, known for its experience in growing software enterprises, is seen as a strategic partner for CareLineLive's ambitions to enhance its platform and deliver more value to its global clientele. Hough expressed gratitude to the outgoing investors and looked forward to the opportunities the new partnership brings.
Sectors
- HealthTech
- Private Equity
- Software as a Service (SaaS)
Geography
- United Kingdom – CareLineLive was founded in Sussex, UK, and has its primary operations based there.
- Australia – Part of the new investment will be used to establish a customer support presence in Australia, facilitating 24-hour service coverage.
- Global – CareLineLive supports hundreds of care providers across seven countries, aiming for further international growth.
Industry
- HealthTech – CareLineLive operates in the HealthTech sector, providing technology solutions for homecare agencies to manage scheduling, visits, records, and invoicing efficiently.
- Private Equity – Accel-KKR, a private equity firm specializing in enterprise software investments, is involved in this transaction by acquiring a majority stake in CareLineLive.
- Software as a Service (SaaS) – CareLineLive offers an all-in-one cloud-based software platform for homecare management, making it a part of the SaaS industry.
Financials
- Undisclosed – The full transaction value of the investment by Accel-KKR in CareLineLive.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CareLineLive | Target Company | Company | A HealthTech company providing a cloud-based platform for homecare agencies, founded in Sussex in 2014. |
| Accel-KKR | Investor | Company | A private equity firm specializing in investments in enterprise software and tech-enabled businesses, now holding a majority stake in CareLineLive. |
| Josh Hough | Founder | Person | Founder and leader of CareLineLive, retaining the senior management team post-investment. |
| Oakglen | Exit Investor | Company | An early backer of CareLineLive which exited following the investment by Accel-KKR. |
| Haatch | Exit Investor | Company | An early backer of CareLineLive which exited following the investment by Accel-KKR. |
| Maurice Hernandez | Managing Director | Person | Managing director at Accel-KKR, involved in the investment decision. |