Elyndra, a UK-headquartered AI-powered platform for the social care sector, has successfully closed a £1.1m funding round led by Outward VC.
The funding will be invested in accelerating the development of elyndra’s technology which has the power to transform the care sector by optimising care processes, improving decision-making capabilities, and ensuring better outcomes for those in care. The business will also make a series of key appointments as it continues to scale.
Founded by Marcus Williamson, elyndra has developed an integrated platform that equips care managers and frontline staff with AI-powered tools to enhance efficiency and care quality. By analysing care data and operational processes, the technology provides insights for better care and interventions. The platform allows teams to spend more time with those in their care rather than hours of time being dedicated to administration and reporting.
With 1.7 million people employed in social care, there is a significant market opportunity. Within this sector, more than 3,500 children’s homes across the UK generate exceptional volumes of data, with each child’s journey requiring meticulous documentation retained for up to 75 years. elyndra is initially focused on children’s care because of the associated data complexity and regulatory burden, where the quantum of information management creates the greatest pain point and the most significant opportunity for transformation.
Outward invests in founders developing technology that modernises essential services and has the potential to solve society’s most complex problems.
Commenting on the investment, elyndra’s founder Marcus Williamson, said: “We were looking for an investment partner to support the next stage of our growth journey, and Outward offers the experience and vision to help us achieve our goals.
“My family have run businesses in the social care sector, and I’ve seen first-hand the challenges faced. Our technology can play a significant role in the evolution of care delivery and decision-making with AI-powered systems that turn fragmented information into clear, actionable insights. By getting placements and care decisions right the first time, we reduce crisis interventions and create better outcomes for everyone involved. Ultimately, this will make care more accessible, sustainable and effective for social care operators, teams and those in their care – ensuring the right care, at the right time.
“We’re already seeing this come to life within a number of children’s care settings, where precise matching and rapid response are critical and with this investment, we’re poised to accelerate our impact by scaling across the whole sector.”
Elyndra has already agreed a strategic partnership with Tristone Healthcare. Tristone is a long-term investor driven by delivering sustainable success and positive social impact. With a strong track record of investing in and building social care businesses, the group, which has a portfolio of ten businesses, has a care centric philosophy with an unwavering focus on delivering outstanding care and support.
Commenting on the partnership, CEO of Tristone Healthcare, Yannis Loucopoulos, said: “We’re already seeing significant benefits from our partnership with elyndra with positive feedback from our teams and the young people in our care about how time saved on administrative tasks can be reallocated to spending one-to-one time with each other. The future potential is really exciting as we can drive more value from our data and improve the care we provide.”
Sanchit Dhote, principal at Outward VC, adds: “The social care sector has been facing a recruitment and retention crisis for years challenges that stem from broader systemic inefficiencies and fragmented processes. With a significant shortfall in resources and ever-increasing vacancies, the sector faces further pressure with the government’s recent changes to international recruitment.
“Marcus and his team have a unique and personal experience of these challenges having worked in the sector and have taken an innovative approach to solving these problems through their technology expertise.
“We believe that AI will play a big role in improving public services in the UK and elyndra will be a key player in this as the business develops more strategic partnerships and works with investors in the social care sector to achieve scale.”
