Carefeed—a provider of secure, cloud-based and HIPAA-compliant digital communication solutions—closed a $3 million financing round led by Reformation Partners with participation from existing investors Allos Ventures and M25.
The investment enables Carefeed to accelerate adoption of its platform by skilled nursing and senior living communities across the United States and Canada, broaden its suite of solutions, and expand into other patient care settings.
Carefeed’s solutions—which are already being used by some of the largest senior living companies in the U.S.—offer timesaving and cost-saving features to support effective communications while also helping communities stay compliant with state and federal regulations that govern the distribution and accessibility of information.
Carefeed automates antiquated processes like paper admission agreements and calendars, phone-based safety announcements, care conference schedules and more, and distributes them via text, email and voice.
Additionally, Carefeed’s new family portal provides a one-stop hub for family members to access information specific to their loved ones in addition to important community-wide updates.
“This investment supports our goal to make life easier for care communities and to help them instill trust with their patients, residents and families through improved communications,” said Terry Wall, founder and CEO of Carefeed.
“People working in senior care and other care provider settings have been under enormous pressure—especially because of COVID-19—and we are constantly developing and enhancing solutions to support their efforts to deliver high-quality care.”
“We are proud to invest in Carefeed, which is at the forefront of the software revolution in long-term care settings,” said Jim Hao, founder and managing partner at Reformation Partners.
“This is our second investment in Carefeed and we’re excited to see the strong demand for its comprehensive but easy-to-use communication solutions in senior care, and the introduction of its transformational solutions in other patient care settings,” said John McIlwraith, managing director of Allos.
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