Caregiver support solution platform, Carallel has announced a Series A funding of $8.2 million.
The funding round was led by FCA Venture Partners, with participation from investors including 450 Ventures, Create Health Ventures, Gratitude Railroad, Loud Capital and Wanxiang Healthcare Investments.
Carallel provides support for people caring for ageing family members or loved ones with medical conditions. Its offerings include a team of advocates who can be contacted by phone, email or chat to listen to concerns and help figure out care plans.
It plans to use the capital from the Series A funding to partner with more Medicare Advantage and commercial insurers, develop digital tools, and expand peer-to-peer support and targeted care interventions. It currently works with more than 400,000 Medicare Advantage and commercially insured members and caregivers nationally.
The startup also provides a digital health platform called MyCareDesk, where users can research and find services like in-home care and financial planning or keep notes. It offers tools through health plans, providers and employers.
Shara Cohen, CEO of Carallel, said in a statement, "The healthcare industry relies on an uncompensated, often invisible workforce of family caregivers. Carallel addresses this challenge through a unique, proven care model that combines frictionless access to compassionate support and expert guidance with purpose-driven technology to improve both the well-being of caregivers and those in their care."
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