Carefeed Raises Venture Funding

Carefeed, a Cincinnati, OH-based provider of digital communication solutions to senior care facilities, closed a venture financing round of undisclosed amount.

The round was led by Allos Ventures, with participation by M25.

The company intends to use the funds to expand its footprint in skilled nursing and senior living communities across the United States and Canada, enhance its digital communication platform, and broaden its offerings into other patient care settings.

Led by Terry Wall, founder and CEO, Carefeed provides a HIPAA secure SaaS platform that digitizes the information and materials that senior communities share with their various stakeholders. The platform automates antiquated and time-consuming processes by using text, email, voice, and video to distribute critical updates and announcements, enable e-signature of admission agreements, allow staff-to-resident/family and staff-to-staff communication, schedule care conferences and offsite doctors’ appointments, and more.

FinSMEs

01/08/2021