# CarePredict

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

- Industry: Healthcare IT
- Headquarters: Plantation, US
- Website: www.carepredict.com
- Total disclosed funding: $37M
- Latest round: Series A (Jun 1, 2023)
- Investors on record: 7

## About

CarePredict, Inc. is a US-based company that develops advanced elderly monitoring systems aimed at improving healthcare for seniors through data-driven insights and analytics.Founded in 2013 and headquartered in Plantation, Florida, CarePredict, Inc. specializes in elderly monitoring solutions. The company has successfully raised USD 21.91 mn in Series A funding as part of a larger USD 28.91 mn round, with prominent investors including Aspire HealthTech Partners and SV Health Investors. The current CEO and founder, Satish Movva, has a background in healthcare technology innovation. CarePredict has executed a total of 7 deals, with its most recent transaction occurring on June 1, 2023. The company has maintained a consistent focus on developing its monitoring systems for different healthcare segments.CarePredict offers advanced elderly monitoring systems designed to enhance the quality of care for seniors. Their primary product, CarePredict TouchPoint, utilizes data analytics to track daily activity patterns and health indicators of seniors, enabling early detection of potential health issues. This technology is non-invasive, utilizing wearable devices like the Tempo, which resembles a regular watch, allowing seniors to acclimate easily. The system serves various healthcare segments, including assisted living, memory care, independent living communities, and home care services. CarePredict primarily serves clients in the United States, with a growing presence in international markets as they aim to expand their impact on senior care globally.CarePredict generates revenue through a subscription-based model, offering their technology solutions to various healthcare providers and caregivers. Clients, including assisted living facilities and home care agencies, enter into partnerships to implement CarePredict's monitoring systems, which provide actionable insights for patient care. Revenue transactions typically involve monthly or annual subscriptions, which may include tiered pricing based on service level and device count. Their flagship product, CarePredict TouchPoint, is integral to these arrangements, allowing caregivers to monitor real-time health data and activity levels.In July 2023, CarePredict, Inc. raised USD 21.91 mn in Series A-3 funding to accelerate business growth. This funding will be directed towards the development of new products and expanding market presence. The company aims to introduce enhanced features to its CarePredict TouchPoint system and target international markets, enhancing their solutions for elderly care. By utilizing the recent funding, CarePredict seeks to broaden its service offerings and improve accessibility for senior care providers, contributing to their growth strategy.

## Funding rounds

- Series A, Jun 1, 2023, $22M — SV Health Investors, Secocha Ventures, Las Olas Capital Advisors, Aspire HealthTech Partners
- Series A, Jan 2, 2019, $9.5M — StartUp Health, Secocha Ventures, Las Olas Capital Advisors
- Seed, Feb 1, 2018, $4M — Secocha Ventures, Las Olas Capital Advisors
- Series A, May 8, 2015, $1.2M — HealthTech Capital, Vectr Ventures, Secocha Ventures

## Investors

- HealthTech Capital — Series A
- Vectr Ventures (https://capitalatlas.ai/funds/vectr-ventures) — Series A
- Secocha Ventures (https://capitalatlas.ai/funds/secocha-ventures) — Series A, Seed
- Las Olas Capital Advisors (https://capitalatlas.ai/funds/las-olas-capital-advisors) — Seed, Series A
- StartUp Health (https://capitalatlas.ai/funds/startup-health) — Series A
- SV Health Investors (https://capitalatlas.ai/funds/sv-health-investors) — Series A
- Aspire HealthTech Partners — Series A