Abby Care has raised $82 million in Series C funding to expand its model of training family members to become certified, paid caregivers at home.
01Summary
- 01The round was led by Transformation Capital and included new investors CVS Health Ventures, Frist Cressey Ventures and Pivotal Ventures.
- 02Existing backers Khosla Ventures, Thrive Capital and Sequoia doubled down in the financing.
- 03Abby Care was founded by Havi Nguyen in 2022 and operates as a Medicaid provider.
- 04The company works with health plans to arrange home care for families and aims to support medically complex patients.
- 05CVS Health Ventures said a traditional private duty nurse programme only fills 65% of authorised shifts.
02Why it matters
The funding highlights a growing push to ease shortages in home care by paying family members to provide support. That could matter for families with medically complex relatives who struggle to find reliable care.
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