CarePredict Receives $29M in Series A to Accelerate Growth in Senior Care
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CarePredict, a technology company that enables preventive care for older adults, announced today that it has raised $29 million in Series A-3 funding. The round was co-led by SV Health Investors’ Medtech Convergence Fund and Aspire Healthtech Partners, with participation from Secocha Ventures and Las Olas Venture Capital.
CarePredict’s technology uses sensors to track daily activity and behaviors in the home. This data is then analyzed to identify changes that could be indicative of health problems, such as urinary tract infections, falls, malnutrition, and depression. By detecting these early signs, CarePredict can help providers intervene before a problem becomes serious.
“We are excited to announce this new funding, which will allow us to accelerate our growth and reach more seniors in need,” said CarePredict CEO and Co-founder Dr. David Schmaier. “Our technology has the potential to transform the way senior care is delivered, and we are committed to making it available to as many people as possible.”
The funding will be used to expand CarePredict’s product offerings, grow its sales and marketing team, and expand its clinical trials. The company is also planning to launch new partnerships with health systems and other care providers.
“CarePredict is a leading innovator in the senior care space,” said Michael Goldberg, Managing Director of SV Health Investors. “Their technology has the potential to make a real difference in the lives of older adults and their families.”
“We are impressed with CarePredict’s team and their vision for the future of senior care,” said Michael Rosenblatt, Managing Partner of Aspire Healthtech Partners. “We are excited to partner with them to help them achieve their goals.”
CarePredict is currently available in the United States and Canada. The company has a team of over 50 employees and is headquartered in Fort Lauderdale, Florida.
About CarePredict
CarePredict is a technology company that enables preventive care for older adults. The company’s platform uses sensors to track daily activity and behaviors in the home. This data is then analyzed to identify changes that could be indicative of health problems, such as urinary tract infections, falls, malnutrition, and depression. By detecting these early signs, CarePredict can help providers intervene before a problem becomes serious.
CarePredict was founded in 2013 by Dr. David Schmaier, Dr. Mark Newman, and Dr. Michael Cohn. The company is headquartered in Fort Lauderdale, Florida.
About SV Health Investors
SV Health Investors is a leading venture capital firm that invests in healthcare companies. The firm has over $2 billion in assets under management and has invested in over 100 companies. SV Health Investors’ Medtech Convergence Fund invests in companies that are using technology to improve the delivery of healthcare.
About Aspire Healthtech Partners
Aspire Healthtech Partners is a venture capital firm that invests in healthcare companies. The firm has over $1 billion in assets under management and has invested in over 50 companies. Aspire Healthtech Partners’ focus is on companies that are using technology to improve the delivery of healthcare to seniors.