Carewell raises $24.7 Million in Series B deal

Carewell, an Ecommerce platform dedicated to aiding family caregivers, has successfully closed a US$24.7 million Series B funding round. This investment aims to accelerate its mission of simplifying access to home health products. Led by MBF Healthcare, with participation from Sageview Capital, Headline, and others, this round underscores the growing need for support in the caregiving space. Carewell also announced its relocation to Miami and the appointment of several senior executives from Chewy.com.

Transaction Snapshot

  • Deal value: US$24.7 million
  • Deal type: Series B
  • Investors: Led by MBF Healthcare, with participation from Sageview Capital, Headline, Primetime Partners, Nextview, Florida Opportunity Fund, and Anchor

Established in 2017 by Bianca Padilla, Carewell offers a comprehensive range of caregiving products and resources, including incontinence supplies and nutritional supplements. This recent funding will be channelled into expanding Carewell's product offerings and enhancing the user experience on its Ecommerce platform.

The move to Miami, along with the strategic hiring of former Chewy.com executives, aligns with Carewell's growth and innovation objectives. These new team members bring a wealth of e-commerce and customer service expertise, promising to drive Carewell's future success.

Carewell's commitment to supporting family caregivers through accessible, high-quality products and resources is more vital than ever. With the Series B funding, the company is poised to further its impact, making caregiving more manageable for families across the U.S.

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