Nourish lands £20M from Hg to build AI into UK care software

What's the deal? Nourish Care SystemsDealroom has a profile for this one. Try Dealroom → has raised roughly £20 million in a growth equity round led by Hg, the private equity firm said. The investment came through the Hg Mercury FundDealroom has a profile for this one. Try Dealroom → and HgCapital TrustDealroom has a profile for this one. Try Dealroom →, alongside existing backer LivingbridgeDealroom has a profile for this one. Try Dealroom →, which will keep a minority stake.

What does Nourish do? Founded in 2011 and based in Bournemouth, the company makes software for the social and community care sector, covering residential and home care. Its platform helps care teams plan, record, and coordinate care.

What's the money for? Founder and chief executive officer Nuno Almeida said the funds would speed up product development, particularly in artificial intelligence, with support from Hg's AI team, Hg CatalystDealroom has a profile for this one. Try Dealroom →. Almeida will keep leading the company and remains a significant shareholder.

Why it matters? The pitch is time saved for carers. "I started Nourish after spending time with care teams, where I saw how much of a carer's day went on admin rather than the people in their care," Almeida said. He added that customer contracts, service, and data handling would stay unchanged.

What Hg says? Partner David Issott framed the sector as underserved by technology. "Better software allows care workers to spend more time on care and less on admin," he said.

The signal: The deal ties a growing care-tech provider to a large institutional backer with an AI playbook. For Hg, it is a modest bet within a wide book — HgCapital Trust's outstanding commitments to Hg transactions are expected to reach about £2.0 billion, or 84% of its £2.4 billion net asset value as of June 30. The transaction is expected to close by the end of August.

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