ClearCare Secures Funding from McKesson Ventures

clearcareClearCare, a San Francisco, California-based provider of software solutions for private duty home care agencies, secured strategic funding from McKesson Ventures, the venture capital arm of McKesson Corporation.

The amount of the deal, which followed an $11m funding round in 2014, led by Bessemer Venture Partners (BVP), with participation from Cambia Health Solutions and existing investors Voyager Capital, Qualcomm Ventures and Harbor Pacific Capital, was not disclosed.

The company will use the funds to accelerate new integrations into its platform, including telemedicine services, remote monitoring and diagnostics, and the ability to provide medical supplies and medications to all partners across the United States, as well as to strengthen its cloud-based web and mobile software technology.

Led by Geoffrey Nudd, CEO, ClearCare provides a web and mobile home care software platform for private-duty home care companies to operate efficiently, scale services and improve the quality and documentation of care on behalf of their patients.
The company serves four of the top five national home care enterprises. In addition, ClearCare is working with Harvard on a three-year study to improve measurability of care outcomes.
Prior to this strategic investment by McKesson Ventures, ClearCare raised $15.5 million.



Join the discussion