What is CarePredict?
CarePredict is dedicated to empowering caregivers with timely insights by detecting the earliest indicators of potential health declines in seniors. Leveraging the scientific principle that alterations in daily activities and behavioral patterns often precede health deterioration, CarePredict's award-winning smart wearable, Tempo, autonomously monitors these patterns. It alerts professional and family caregivers to changes that require attention, thereby offering peace of mind and enhancing the quality of life for seniors residing at home or in senior living facilities. The company's focus on proactive health monitoring positions it as a key player in the rapidly evolving elder care technology sector.
How much funding has CarePredict raised?
CarePredict has raised a total of $42.5M across 5 funding rounds:
Private Equity
$1M
Private Equity
$2.5M
Debt
$150K
Debt
$364K
Series A
$38.5M
Private Equity (2015): $1M, investors not publicly disclosed
Private Equity (2016): $2.5M, investors not publicly disclosed
Debt (2020): $150K supported by PPP
Debt (2021): $364K featuring PPP
Series A (2023): $38.5M backed by Aspire Healthtech Partners, Secocha Ventures, Las Olas VC, and Startup Health Ventures
Key Investors in CarePredict
Las Olas VC
Las Olas Venture Capital is a venture capital firm that focuses on backing founders who are developing AI and software applications aimed at modernizing outdated business workflows. They typically invest between $1.5 million and $3 million in seed-stage companies, with a preference for SaaS and vertical AI industries.
Aspire Healthtech Partners
Aspire Healthtech Partners is an investment entity likely focused on companies at the intersection of healthcare and technology, aiming to foster innovation in healthtech solutions.
Secocha Ventures
Secocha Ventures is presumed to be a venture capital firm that provides strategic financial backing to promising startups, potentially with a focus on technology or growth-stage companies.
What's next for CarePredict?
With the recent infusion of major strategic investment, CarePredict is poised for accelerated growth and further development of its predictive health monitoring solutions. This capital will likely be directed towards expanding its market reach, enhancing the capabilities of its Tempo wearable, and strengthening its data analytics platform. The company's trajectory suggests a continued focus on leveraging technology to address the challenges of aging populations and providing essential support to caregivers. Future initiatives may include deeper integration with healthcare systems and broader adoption across senior living communities, solidifying its role in the digital health landscape.
See full CarePredict company page
