San Francisco, CA (PRWEB) January 06, 2015
Generator Ventures, one of the first investment funds to focus on aging and long-term care, announced a strategic investment in Caremerge. Caremerge is a revolutionary care coordination platform that forges meaningful connections between providers, payers, families and seniors to improve communication in today’s complex healthcare environment.
In its first institutional financing round, Caremerge has raised an aggregate $4 million. This round was led by Cambia Health Solutions and included additional investments from Generator Ventures, GE Ventures, Arsenal Venture Partners and Ziegler-LinkAge Longevity Fund. Caremerge launched its first solution in late 2012 to help solve the care coordination and communication problems surrounding the senior care industry with a HIPAA-compliant, mobile/web-based platform that allows all senior living staff and authorized stakeholders (i.e. family members, doctors, etc.) to capture, centralize, and share seniors’ activities and clinical information in order to facilitate the best care possible.
“This strategic investment from Generator Ventures brings tremendous value to Caremerge’s vision to transform care coordination, particularly for the large, growing and medically complex older adult population,” said Asif Khan, Founder and CEO of Caremerge. “Generator Ventures’ expertise and unprecedented access to the long-term care market will accelerate Caremerge’s ability to bring best-of-breed communication and coordination tools to the senior care industry.”
Generator Ventures partner, Katy Fike, PhD, added “We are excited about Caremerge’s ability to revolutionize care coordination and deliver value for both families and long-term care operators. When families, care providers and older adults themselves are all aligned and informed, quality of life, quality of care and operational effectiveness are all improved.”
About Generator Ventures:
Generator Ventures, one of the first venture firms to focus on aging and long-term care, was launched in May 2014 in partnership with Formation Capital, a $5.5bn private investment firm focused on seniors housing and care. As a strategic investor, Generator Ventures provides not only capital, but also unprecedented access to leading long-term care organizations, customers and distribution channels. Generator Ventures is the venture arm of Aging2.0, a global innovation platform and startup accelerator program.
Caremerge forges meaningful connections between providers, families and seniors seeking to improve communication in today’s complex healthcare environment. With a revolutionary, easy-to-use cloud-based coordination platform, Caremerge keeps the entire care team informed and cohesive through an intuitive interface that enables real-time staff interaction, provides families with peace of mind and improves overall senior wellness.