Yurtle raises £1.37 million

Yurtle, a London-based insurance startup offering a care management platform, has closed a seed funding round of £1.37 million co-led by Insurtech Gateway and Mustard Seed Maze.

Founded in 2020, Yurtle’s employer-sponsored solution is designed for caregivers. It includes educational resources, assistance in finding back up care, and caregiver insurance underwritten by Starr International.

The accident/illness insurance policy pays either a daily cash allowance or lump sum to help policyholders continue to provide care for their loved ones. The insurance may also cover accidental death.

Yurtle has attracted 2,500 customers so far.

“Caregiving is the single largest driver of underrepresentation of women in the senior leadership, it is behind the gender pension and pay gaps, and the lower participation of women in paid work. Yurtle’s product takes a direct approach to tackle this inequality, offering caregivers the community support and financial security necessary to look after their own health and career, while providing high-quality care to loved ones. We are proud to support Yurtle as they expand their product across the UK and beyond.” – Richard Chattock, CEO at Insurtech Gateway.

“We believe there is no single systemic challenge more pressing or fascinating to solve for than our aging population. We are thrilled to have secured funding that allows us to continue building the tools families need to meet their obligations of care for loved ones without sacrificing their health. With the formal announcement of Jose Ribeiro as Chairman of Yurtle, this is truly a mission to give others what we wish our family had access to in its time of need.” – Antonio Ribeiro, founder at Yurtle.