Yurtle is the UK’s first insurtech solving for caregiver burnout in the workplace through a novel caregiver insurance and care management app. The app helps employee caregivers build resilient care teams around them and deliver high quality care to their loved ones. If the employee suffers a health emergency the insurance kicks in to ensure continuity of care. Their B2B model will accelerate distribution, with the product on track to become a standard workplace benefit in just five years.
Insurtech Gateway co-lead Yurtle’s £1.5m Seed round in February 2024.
We’re in the midst of a caregiving crisis, with 12,000 individuals thrust into caregiving roles daily. A significant 66% of people will take time off work to provide unpaid care. When caregivers lack support in UK workplaces, it results in a substantial cost of £4.8 billion annually for employers, attributed to productivity losses, absenteeism, and employee turnover.
Yurtle connects employee caregivers to a supportive ecosystem, addressing the challenges of stress, inexperience, and burnout associated with unpaid caring. The insurance component covers and arranges professional backup care when employees are unable to fulfill their caregiving duties due to illness or accidents. This not only offers peace of mind but also establishes a crucial contingency plan.
Antonio Ribiero (CEO and Founder) – Excels in executing goals and building key relationships. Having started his career in industry leading insurance and asset management firms, he developed a holistic grasp of demographic trends and the power of pooled risk as a tool for positive change. For years he built and scaled social impact ventures in most major continents across education, banking, and automotive.
Location: United Kingdom, England, London
Total raised: $1.74M
Investors 1
Date | Name | Website |
01.03.2024 | InsurTech ... | insurtechg... |
Funding Rounds 1
Date | Series | Amount | Investors |
04.03.2024 | Seed | $1.74M | - |
Mentions in press and media 8
Date | Title | Description | Source |
05.04.2024 | Why we invested in Yurtle’s Seed | The line between personal and professional life is becoming increasingly blurred. Caregiving respons... | insurtechg... |
10.03.2024 | Yurtle: Revolutionizing Caregiver Support | Yurtle, a London-based insurtech company, has secured a Seed funding round of £1.37 million to comba... | parsers.vc... |
07.03.2024 | Caring for carers with insurance | Simply put, I cannot think of a problem more worth solving than how our world adapts to its rapidly ... | insurtechg... |
04.03.2024 | Yurtle Closes £1.37M Seed Funding Round | Yurtle, a London, UK-based insurtech company helping workplaces combat caregiver burnout, raised £1.... | finsmes.co... |
01.03.2024 | Yurtle raises £1.37 million | Yurtle, Yurtle Founded: 2021 Headquarters: London, England, United Kingdom Total Funding: $1.77M See... | coverager.... |
23.02.2024 | Yurtle £1.37m Seed for caregiver burnout | Yurtle, a London-based insurtech helping workplaces eradicate caregiver burnout, has closed a Seed f... | insurtechg... |
12.01.2023 | Trend spotter: Natasha’s fintech predictions for 2023 | New Year, new predictions. The ripples of the macroeconomic climate are being felt across the board,... | octopusven... |
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