San Bruno, California-based CareLinx, which offers a service to connect seniors with caregivers, has raised an additional $1 million from Generator Ventures and Ziegler Link-age Longevity Funds. This brings the company's total funding to at least $5.2 million. An SEC filing explains that this amount includes $2.1 million in forgiveness of debt.
Families can use CareLinx's service to browse caregiver profiles online to find one that meets their needs. Profiles can be filtered by experience, reviews, and certifications. CareLinx screens every caregiver, and also runs background checks on them.
When a family finds a caregiver that they want to hire, they can use CareLinx to schedule an interview, and after a caregiver is hired, CareLinx handles any hiring paperwork that the family needs to do. Caregivers can use CareLinx to access online shift reports, enter in their hours, and receive their payment online. Services that caregivers generally offer include companionship, personal care, transportation, meal preparation, and housekeeping. CareLinx also handles the taxes and processing.
The company "currently works with families in the top 50 metropolitan areas" across the US.
“We are delighted to be investors in CareLinx, which brings much needed transparency, efficiency and liability protection to the home care market," Generator Ventures Parner Katy Fike said in a statement. “The company’s platform creates a unique win-win situation where families are able to find high quality caregivers at a fraction of the cost and the individual caregivers are able to make higher wages.”
CareLinx was founded in 2011, and in September 2012, the company joined the StartUp Health accelerator. CareLinx also took part in Aging 2.0's startup incubator, called GENerator, in the fall of 2013.