CareCar Raises $3M in Seed Funding


CareCar, a Denver, CO-based tech-enabled benefit manager and value-based healthcare services platform, closed a $3m seed funding round.

The round was led by Kapor Capital and Impact America Fund, with participation from Concrete Rose.

The company plans to use the funds to accelerate its growth into new markets, with a focus on expanding its services in the senior homecare sector.

Led by Joshua Itano, cofounder and CEO, CareCar is a tech-enabled benefit manager and value-based care services platform. The company specializes in managing non-emergency medical transportation benefits and in-home care benefits.

CareCar currently manages supplemental benefits for approximately 150,000 patients in California and North Carolina. The company is implementing a growth plan to more than double its current members and reach 500,000 covered lives. At the same time, CareCar plans to onboard 500 more community-based Care Partners, certified vetted caregivers with experience as certified nursing assistants, medical assistants, home health aides, nursing students, and other qualified caregivers.