# Care Companion

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/care-companion

- Industry: Internet
- Headquarters: Berlin, Germany
- Website: www.careship.de
- Total disclosed funding: $11M
- Latest round: Series A (Apr 5, 2018)
- Investors on record: 5

## About

Care Companion GmbH offers personalized support services for seniors, enhancing their quality of life through various daily assistance options. Their model promotes flexibility, allowing clients to select tailored support based on individual needs.Care Companion GmbH, founded in 2015, is headquartered in Berlin, Germany. The company specializes in providing personalized care services for the elderly. In January 2022, Care Companion GmbH was acquired by INQbaker GmbH. The company has successfully completed 4 deals and raised a total of EUR 6.00 mn from various investors including Creandum and Ananda Impact Ventures during a Series A funding round, which also remains their total amount raised. As of now, Care Companion GmbH has a current company valuation of EUR 20.054 mn.Careship specializes in providing personalized support services tailored to the needs of seniors, enhancing their quality of life through everyday assistance. Their offerings include companionship, shopping, assistance with errands, light housekeeping, and basic personal care services. The company operates a flexible service model that allows clients to choose exactly the help they require, eliminating the need for fixed packages. Careship's services cater to a diverse clientele, primarily made up of elderly individuals who require support in daily activities. The company has established a presence in various cities across Germany, including major urban areas such as Berlin, Hamburg, and Munich, ensuring that their services are accessible to a wide range of seniors and their families.Careship generates revenue through a straightforward billing structure based on hourly service rates. Their services are priced starting at EUR 28 per hour, with an initial complimentary hour for new clients to facilitate a personal introduction to their caregivers. This allows clients to assess compatibility before committing to further services. The company operates on a direct-to-consumer model, engaging with families who seek assistance for elderly relatives, and facilitates payment through various channels, including potential coverage via long-term care insurance where applicable. This ensures a transparent and efficient transaction process that aligns with their mission to provide tailored support to seniors in need.In January 2022, the company was acquired by INQbaker GmbH, which may influence future product development and market expansion strategies. Careship aims to introduce new service offerings designed to further assist seniors, although specific launch dates are currently unannounced. The company plans to expand its presence into additional regions across Germany and potentially beyond, although exact locations and timelines remain unspecified at this time. Recent funding will likely be allocated to bolster these new initiatives and support the company's growth strategy.

## Funding rounds

- Series A, Apr 5, 2018, $7.4M — Spark Capital, Creandum, Ananda Impact Ventures, Axel Springer Plug and Play Accelerator, Atlantic Labs
- Series A, Dec 2, 2016, $4M — Spark Capital, Axel Springer Plug and Play Accelerator, Atlantic Labs
- Seed, Feb 10, 2016, $0M — Axel Springer Plug and Play Accelerator, Atlantic Labs

## Investors

- Axel Springer Plug and Play Accelerator — Seed, Series A
- Atlantic Labs (https://capitalatlas.ai/funds/atlantic-labs) — Seed, Series A
- Spark Capital — Series A
- Creandum (https://capitalatlas.ai/funds/creandum) — Series A
- Ananda Impact Ventures (https://capitalatlas.ai/funds/ananda-impact-ventures) — Series A