Editing Curam

{| class="wikitable"
|+ Key information
|-
| Risk/return|| High
|-
| Price per share|| £21.88<ref>https://www.crowdcube.com/companies/curam/pitches/qD0EPq</ref>
|-
| Asset class|| Equities<ref>https://find-and-update.company-information.service.gov.uk/company/10741773</ref>
|-
| Industry|| Healthtech
|-
| Country of incorporation|| United Kingdom<ref>https://find-and-update.company-information.service.gov.uk/company/10741773</ref>
|-
| Minimum investment amount|| £21.88<ref>https://www.crowdcube.com/companies/curam/pitches/qD0EPq</ref>
|-
| Maximum investment amount|| £2,000,000<ref>https://www.crowdcube.com/companies/curam/pitches/qD0EPq</ref>
|-
| Current valuation|| £39,736,089<ref>https://www.crowdcube.com/companies/curam/pitches/qD0EPq</ref>
|-
| Investor type|| All<ref>https://www.crowdcube.com/companies/curam/pitches/qD0EPq</ref>
|-
| Tax schemes|| EIS<ref>https://www.crowdcube.com/companies/curam/pitches/qD0EPq</ref>
|-
| Bid/ask spread|| NA
|-
| Commission amount|| N/A
|-
| Market|| Private<ref>https://find-and-update.company-information.service.gov.uk/company/10741773</ref>
|}

==Summary==

The care sector crisis is caused by very low carer pay. Change this or you won't solve the problem. Curam uses intelligent, proprietary technology to safely manage a platform where carers earn 50% more and clients pay 10% less. The platform has delivered more than 1 million+ hours of quality, well paid care.

'''Highlights'''

* 300% YoY rev growth & £3.6m raised to date incl. ex founder of Gumtree
* Carers averaging >£14.50 per hour (after Curam's fees)
* Over 4k verified carers with over 50K having expressed interest
* 12 councils are working with Curam and they are in talks with a further 30.

<vimeo>670694835</vimeo>

==Idea==

Curam was started with the express aim of significantly increasing the earnings of carers, thus tackling their unsustainable estimated annual attrition rate of over 30%.

Our technology connects self-employed carers with clients, where they either search and message approved carers or post a job with us - making the hiring of a carer quick, easy and safe.

Carers are insured, given free training and carer benefits (including sick pay) and set their own rates.

The UK homecare sector is worth C£20B with little innovative technology in use, particularly in the care agency channel. Over 50% of home care is funded by local councils - our revenue model works within their funding constraints.

With an almost fully automated platform and a flat fee of 12.5%, we are providing a fast-growing scalable solution to this vast fragmented (over 8k agencies in the UK) sector.

The number of over 85 year old in the UK will double by 2042. Nearly 80% of over 55 year olds now own a smartphone making the introduction of a technology solution both desirable and inevitable.

We believe the cure to the problems of our care sector is the intelligent and empathetic application of scalable technology, whilst also enabling a community where carers and clients are rewarded and respected. We built Curam to do just that.

==Team==

Jody O'Neill, CEO & Co-founder: Jody has extensive experience as a management consultant in the NHS. His work often focussed on improving patient flow between the acute and community services. He has also owned and ran a home-care provider.

A lot of the ideas that underpin our model are as a result of his frustration at the huge cost to the NHS he saw, caused by the system's inability to source a carer quickly and efficiently, and the lessons learned from owning a home care agency.

Patrick Wallace, Commercial/Marketing Director & Co-founder: After careers in the army and then as a stockbroker, Patrick then spent many years as an entrepreneur setting up, buying and selling over 30 SMEs across a wide range of sectors including healthcare and technology.

Ben Weatherall, B2B Director & Co-founder: Ben started as a salesman in investment banking before his 20 year career managing a number of internet sales businesses. He heads up our NHS/Local Authorities team.

Alkesh Kakde, CTO: Alkesh is an IT industry veteran with extensive experience in software design and product development across various sectors in both the US and India. He is a hands-on project planner with a diverse skill set specialising in building customised software solutions.

Biographies of the full Curam team are in our investment deck.

[[File:Curam team.jpg]]

==Actions==

To invest in Curam, click [https://www.crowdcube.com/companies/curam/pitches/qD0EPq here].

To contact Curam, click [mailto:client@curamcare.com here].

== References ==
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[[Category:Thesis]]
[[Category:Equities]]

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