TCARE Inc., a St. Louis-based family caregiver support platform, closed a $3m financing round.
The round was led by SixThirty Ventures and joined by Aflac Ventures, BlueCross BlueShield MN, Blu Ventures, Village Capital, Connetic Ventures and gener8tor fund.
The company intends to use the funds to expand operations and its business reach.
Led by Ali Ahmadi, CEO, TCARE 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. The company also partners with Health/Life/LTC insurance carriers.
Clients include top-5 MCOs, Managed Long-Term Services and Supports (MLTSS) plans, Medicare health plans, Washington State Dept. of Social & Health Services, Alaska Dept. of Health, Hawaii Office of Aging and 90+ Area Agencies on Aging spanning 32 States.