logo
logo

Electronic Caregiver, Inc. Opens $95 Million Series A Preferred Financing To Fuel Expansion And Innovation In Telecare Services

Jun 12, 2023•about 2 years ago

Amount Raised

$95 Million

Round Type

series a

Las CrucesFitnessWellness

Investors

Cmd Global Partners

Description

Electronic Caregiver, Inc., a pioneering provider of advanced TeleCare services and the renowned Addison Virtual Caregiver technologies, is thrilled to announce the opening of a new Series A Preferred financing. The $95 million financing will be offered to select institutional investment funds and large, existing strategic technology partners of Electronic Caregiver, Inc. CMD Global Partners is representing Electronic Caregiver in the placement.

Company Information

Company

Electronic Caregiver

Location

506 S MAIN STREET

Las Cruces, New Mexico, United States

About

Electronic Caregiver, Inc. is a leading provider of advanced TeleCare services and the renowned Addison Virtual Caregiver technologies. The company is dedicated to enhancing patient care and extending functional lifespan through innovative solutions that improve treatment adherence and health outcomes. By leveraging artificial intelligence and personalized care, Electronic Caregiver is revolutionizing the way individuals receive support, empowering them to live healthier, more independent lives. Electronic Caregiver, Inc. has collaborated extensively with Amazon, Intel, and Lenovo Group, LTD. Electronic Caregiver, Inc. has achieved over $100M in prior funding since being founded in 2009.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Related People