NAME OF ORGANISATION: Quovita
LOCATION: South West
YEAR FOUNDED: 2015
ABOUT: Quovita provides a domiciliary care introductory service, bringing together competent, self-employed carers (“Micro providers”) with those seeking good care.
INVESTMENT PURPOSE: To help Quovita expand into new markets and develop and online platform that will streamline the organisation.
INVESTMENT AMOUNT: £200,000
DATE OF INVESTMENT: 2018, 2020
SOURCE OF INVESTMENT: Health & Wellbeing Challenge Fund
IMPACT: Health, Wellbeing & Social Care; Education & Learning
ABOUT: Care giver Natalie Palmer identified a gap in the market with a clear demand from both carers and care receivers for a more bespoke approach to the provision of care to clients in their own homes. Through bringing together self-employed carers with those seeking high-quality care, a longer-term relationship is cultivated between the carer and care client. The client feels more secure with familiar faces and receives personalised support, and the carer has a greater understanding of the individual’s needs. Quovita is different to others in its sector as it is not a direct provider, but instead offers an introduction service, linking those needing care to the right carers for their individual needs. The carers are known as “micro providers”.
PURPOSE OF INVESTMENT: This investment enabled Quovita to develop a web strategy to expand its in-house bespoke platform, which will support both its carers and clients that use the service. This will enhance the personalised approach that Quovita takes pride in, creating a solid relationship between carers, the clients and their families.
Natalie Palmer, Founder of Quovita: “We now feel more than ready and able to achieve all our stated targets both in recruitment and expansion into Cornwall and Devon. In support of this new endeavour we have started actively linking in with our local community including the Newquay Ending Loneliness group. We are keen to create a network of like-minded passionate people who can contribute in making a difference to people’s everyday lives.”
Leila Sharland, Senior Investment Manager: “I am very pleased that one of my first investments since joining Resonance is going to such a progressive and forward thinking care company with exciting plans for using the money and I am looking forward to seeing them grow. I am also pleased because Shantanu Bhagwat, who supported Quovita by providing a business plan and financial forecast model through a grant from the Reach Fund, has taken on a non-executive role on the Quovita board to support them in their growth phase.”
Resonance Limited is a company registered in England and Wales no. 04418625
Resonance Impact Investment Limited, a subsidiary of Resonance Limited, is authorized and regulated by the Financial Conduct Authority (FCA). Firm number 588462.
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