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Careacademy Raises $20M In New Strategic Funding Led By Goldman Sachs Asset Management

Jun 08, 2022•about 3 years ago

Amount Raised

$20 Million

BostonHealth CareEducation

Description

CareAcademy, the leading care enablement platform for home care and home health organizations, today announced a $20 million strategic investment round. The round was led by Goldman Sachs Asset Management, with participation from MassMutual through the MM Catalyst Fund, Impact America Fund, Rethink Education, Unseen Capital, First Trust Capital Partners, LLC and prior investors. The investment is part of Goldman Sachs’ One Million Black Women initiative, a $10 billion commitment to narrow opportunity gaps and impact the lives of Black women over the next decade. The new funding will be used to accelerate product development and data measurement capabilities while furthering the company's mission to unlock the unmet potential of caregiving in home and community-based services.

Company Information

Company

Care Academy

Location

Boston, Massachusetts, United States

About

CareAcademy provides high-quality, state-approved training for home care agencies, home health agencies, franchise systems, and payors that increases learner knowledge for better health outcomes. Nearly 300,000 learners have completed more than 1.5 million hours of training with CareAcademy. With easy-to-use, web-based courses and a robust administrator platform, CareAcademy offers education and compliance solutions for home care and home health organizations of all sizes, from small agencies to multi-state enterprises. To learn more, visit www.careacademy.com.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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