Cera and Ben might sound like a children’s TV show, but the two London-based tech firms have picked up some useful funding for their grown-up ambitions.
Healthtech Cera has raised $320 million (£264 million) in equity and debt to expand from servicing 15,000 to 100,000 at-home patients each day.
Employee benefits platform Ben has secured $16 million (£13 million) in its Series A. The funding was led by Atomico with participation from existing investors Cherry Ventures, Seedcamp and DN Capital.
Seriously Good for Cera
Cera has a team of carers and nurses that have delivered 25+ million at-home care appointments on behalf of 300 NHS and Local Governments – equivalent in capacity to 40 NHS hospitals or 1,000 care homes. Cera says its technology is also used by over 2,000 care businesses that collectively deliver over one million at-home appointments per week.
The digital healthcare company operates in the UK and Germany. Its team collects patient symptoms and health data during at-home appointments, which its artificial intelligence algorithms use to predict deterioration in conditions before they occur, “triggering earlier health interventions to prevent people becoming unwell”.
The funding comes at time when the NHS is struggling as hospital waiting lists have reached record highs of 6.6 million. Some might argue that the NHS appears to be always struggling.
The new capital will be used to increase the number of patients in Cera’s care by over five-fold by 2025. It will also be used for investment in nursing, telehealth and prescription delivery services, both in the UK and internationally.
The funding round was led by Cera’s existing investor Kairos HQ, and included many other names.
Launched in 2016 by Dr Ben Maruthappu MBE, Cera has almost 10,000 employees across the UK and Germany.
Ben Benefits from Blissful Boost
Ben was founded in 2019 and enjoyed a seed round in early 2020. It now has a team of 35 staff across London, Berlin and beyond. Its customers include Impala, Maze, Pleo, Chattermill and Lightricks.
The firm lets companies move their existing benefits (e.g., pension, health or life insurance) as well as any budgets (health & wellbeing, learning & development, working from home) into its platform – alongside the rules of who gets what.
Employees then get to make choices based on what matters to them – allocating budget and configuring their own insurance coverage, pension, and choosing from additional benefits across mental, physical, social and financial wellbeing. The tech company also offers a Ben Benefits Mastercard.
Ben provides Integrations with payroll and human resource information systems. Its software platform – combined with payment infrastructure – has been built from the ground up.
Future product plans include self-serve onboarding, configuration, more automation and integration.