Cera Raises £122m to Boost AI Healthcare Platform
Deal News | Jan 13, 2025 | Business Cloud
Cera, a leading European provider of digital-first home healthcare, has successfully raised £122m ($150m) to bolster its growth plans centered around artificial intelligence. The funding round was spearheaded by BDT & MSD Partners and Schroders Capital and aims to scale up Cera's platform, which relies heavily on proprietary AI modeling based on the company’s data. Dr. Ben Maruthappu, Cera's CEO and co-founder, emphasized the critical nature of this funding as it comes amid mounting pressures on health and care systems, including the NHS. Cera's growth trajectory has been significant since its inception in 2016, expanding to nearly 10,000 professionals delivering over 60,000 healthcare visits daily across the UK, thereby transforming the healthcare paradigm from hospital services to home-based care through technological innovations.
Sectors
- Digital Healthcare
- Private Equity and Venture Capital
Geography
- United Kingdom – Cera operates predominantly in the UK, providing daily home healthcare services throughout the country.
- Europe – Cera is noted as Europe's largest provider of digital-first home healthcare, implying broader geographical relevance.
Industry
- Digital Healthcare – The article focuses on Cera, a company operating in the digital healthcare sector, which is characterized by integrating technology, particularly AI, to enhance healthcare delivery services.
- Private Equity and Venture Capital – This industry is relevant as BDT & MSD Partners and Schroders Capital, key players in this sector, are leading the funding round for Cera.
Financials
- £122m – The amount raised by Cera in the recent funding round to enhance its AI-driven healthcare platform.
- 260m – The amount Cera raised in an earlier equity and debt financing round in 2022.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cera | Target Company | Company | Cera is a digital-first home healthcare provider aiming to expand its AI-driven platform. |
| BDT & MSD Partners | Lead Investor | Company | Private equity firm leading the funding round for Cera. |
| Schroders Capital | Lead Investor | Company | Asset management firm co-leading the funding round for Cera. |
| Dr Ben Maruthappu | CEO and Co-Founder | Person | Dr. Maruthappu is the CEO and co-founder of Cera, leading the company through significant growth phases. |