Promise, a San Francisco-based startup that provides technology-enabled care services for older adults, has raised $20 million in a Series A funding round led by Kapor Capital, with participation from XYZ Ventures, Rock Health, and other investors.
Founded in 2018, Promise offers a range of services to help older adults age in place, including transportation, medication management, meal delivery, and housekeeping. The platform also provides family members and caregivers atozmp3 with real-time updates and insights about their loved ones’ health and well-being.
Promise uses a combination of human and artificial intelligence to personalize care plans for each individual. The platform uses data from wearable devices, medical records, and other sources to identify potential health masstamilanfree risks and intervene before they become serious. Promise’s care team includes nurses, care coordinators, and other healthcare professionals who work with clients and their families to develop and implement care plans.
The new funding will be used to expand Promise’s services to more clients and regions, as well as to invest in technology and product development. The company also plans to hire more staff, including engineers, care coordinators, and sales and marketing professionals.
Promise is part of a growing trend in healthcare toonily technology that aims to improve care for older adults and people with chronic conditions. Other startups in the space include Honor, a San Francisco-based company that provides home care services for seniors, and Livongo, a digital health platform that helps people manage chronic conditions like diabetes.
The COVID-19 pandemic has also accelerated the adoption of technology-enabled care services, as older adults have had to masstamilan stay at home and avoid in-person interactions. This has led to an increased demand for virtual care solutions that can provide personalized and convenient care.
Promise’s funding round follows a $5 million seed round in 2019, which was also led by Kapor Capital. The company has raised a total of $25 million to date.
In a statement, Promise CEO and co-founder Liya Palagashvili said, “We believe that everyone deserves high-quality, personalized justprintcard care that helps them live their best lives. This funding will help us expand our services to more people and communities, and continue to innovate and improve our technology and care delivery.”