What is Naborforce?
Founded in 2018 and based in Richmond, VA, Naborforce utilizes a proprietary technology platform to build a network of vetted community members. This network provides on-demand light assistance and social connection for older adults and their family caregivers. The company aims to harness the strength of community to support aging in place, addressing a critical need in the growing elder care market. Naborforce's innovative approach combines technology with a human-centric model to foster independence and well-being for seniors.
How much funding has Naborforce raised?
Naborforce has raised a total of $14M across 5 funding rounds:
Multiple Rounds
$4.5M
Series A
$9M
Debt
$500K
Debt (2021): $48K with participation from PPP
Angel/Seed (2021): $2M led by Claritas Capital
Angel/Seed (2021): $2.5M supported by Claritas Capital and The Artemis Fund
Series A (2022): $9M featuring TransLink Capital
Debt (2026): $500K, investors not publicly disclosed
Key Investors in Naborforce
Claritas Capital
Claritas Capital is an alternative investments firm specializing in venture capital and real estate, with a focus on healthcare and technology sectors. They provide investment capital and strategic support to innovative founders and entrepreneurs.
The Artemis Fund
The Artemis Fund focuses on identifying and supporting world-changing founders and innovative startups with the potential to make a significant impact.
TransLink Capital
Translink Capital is a venture capital firm specializing in connecting technology companies with Asia's leading multinationals, focusing on investments from Seed to Series B in sectors like AI, Cyber Security, and Fintech.
What's next for Naborforce?
With the recent infusion of capital, Naborforce is poised for further expansion and enhancement of its platform. The 'major strategic investment' suggests a focus on scaling operations, potentially broadening its geographic reach, and deepening its technological capabilities. This strategic backing will likely enable Naborforce to refine its service offerings, attract more users, and strengthen its position as a leader in community-based elder support. The company's continued growth trajectory, supported by consistent investor interest, points towards an increasing role in the evolving landscape of senior care technology.
See full Naborforce company page
