# Carefeed

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/carefeed

- Industry: Healthcare IT
- Headquarters: Cincinnati, US
- Website: www.carefeed.com
- Total disclosed funding: $2M
- Latest round: Seed (Jul 20, 2022)
- Investors on record: 3

## About

Carefeed, Inc. is a technology company focused on enhancing operational efficiency in senior living and long-term care facilities through integrated digital solutions.Carefeed, Inc., founded in 2020 and headquartered in Cincinnati, US, provides a platform that streamlines operations in senior care environments. The company was founded by Terry Wall, who has a background in developing tech solutions for healthcare. Carefeed has secured USD 2.000 mn in funding through a Seed round led by Reformation Partners, with participation from Allos Ventures and M25, totaling USD 2.000 mn raised to date and a current valuation of USD 9.953 mn. The most recent deal occurred on July 20, 2022.Carefeed offers a comprehensive platform designed to streamline operations in senior living and long-term care environments. Its main offerings include integrated solutions for admissions, secure communications, satisfaction surveys, training platforms, resident bed boards, online reviews, calendars, family portals, and online payments. These products enhance staff efficiency, improve the resident experience, and foster family connections, primarily serving owners, operators, and management within the senior living sector across the United States.Carefeed generates revenue through a subscription-based model that allows clients to access its all-in-one platform. This model includes various tiers of service, enabling clients to select features that meet their operational needs. Revenue is derived from client subscriptions, with pricing reflecting specific services chosen, such as admissions and e-signature capabilities, secure communication tools, and automated satisfaction surveys, thus facilitating smoother billing and accounts receivable management.In July 2022, Carefeed, Inc. raised USD 3.000 mn in Seed funding to accelerate the adoption of its product offerings across the United States and Canada while enhancing its suite of solutions. The company plans to develop and launch new products to further support operations in senior care markets. Specific geographic expansions are targeted towards greater penetration in both the US and Canadian markets, aligning with their strategy to utilize recent funding effectively.

## Funding rounds

- Seed, Jul 20, 2022, $2M — Allos Ventures, M25, Reformation Partners
- Seed, Jul 26, 2021 — Allos Ventures, M25

## Investors

- Allos Ventures (https://capitalatlas.ai/funds/allos-ventures) — Seed
- M25 (https://capitalatlas.ai/funds/m25) — Seed
- Reformation Partners (https://capitalatlas.ai/funds/reformation-partners) — Seed