American Family Ventures backs TCARE
TCARE , an evidence-based family caregiver support solution, has closed a $17 million Series A financing round led by American Family Ventures . Other investors include Ziegler Link-age Funds, Unum Ventures, Inception Health, Sompo Holdings, and Plug & Play Ventures. The funding included follow-on commitments from other existing investors and partners, including SixThirty Ventures, Aflac Ventures, Blu Ventures, 25madison and Connetic Ventures.
Founded in 2014 and currently a team of 130+ people, the company offers an enterprise SaaS-based platform using predictive analytics to prevent burnout of family caregivers, reducing Long Term Care (LTC) service usage and delaying nursing home placements.
“As we’ve been watching the caregiver support landscape evolve over the last few years, TCARE stood out from others for several reasons. TCARE has 15+ years of longitudinal data and outcomes on caregivers that identifies their risk factors to burnout and suggests proven interventions. Their ability to tailor an individual caregiver care plan and measure the cost savings of those interventions is impactful. Furthermore, TCARE’s growth has proven their business model alignment with enterprise clients, and we’re impressed with their ability to execute with several Fortune 100 companies.” – Brittany Clements, Managing Director at American Family Ventures.