Carewell Secures $24.7M in Series B Funding

Carewell logo

Carewell, a Miami, FL-based online retailer focused on providing family caregivers with tools and resources, raised $24.7M in Series B funding.

The round was led by principals of MBF Healthcare, with participation from existing investors Sageview Capital, Headline, Primetime Partners, Nextview, Florida Opportunity Fund, and Anchor.

The company intends to use the funds to further accelerate its growth.

Founded in 2017 and led by Bianca Padilla, CEO and Founder, Carewell is a source of support for independent caregivers seeking customer service, educational resources, and products, including incontinence supplies and nutritional supplements. The company leverages a team of trained customer care experts, over 300+ educational articles, detailed video content, FAQs and descriptive product pages.

Commenting on the news, Bianca Padilla said: “Understandably, these individuals can experience significant mental, physical, and emotional stress as they balance their role as caregivers with other responsibilities to work and family, and our mission at Carewell is to help educate, support and advocate for these selfless heroes.”

FinSMEs

22/02/2024