Home care backend software maker ClearCare has raised $60 million in a round led by global investment firm Battery Ventures. The company will use the investment to pursue new strategic platforms, the company said in a statement.
The company's platform enables home care facilities to manage caregivers and patients. Features include matching clients with nearby caregivers and filling shifts if a caregiver cancels, texting and emailing caregivers to remind them of shift duties, and creating care plans for caregivers to use. The system also provides home care facilities with administrative features, like billing and payroll.
ClearCare continues to add new features to its suite, including plans to add telehealth and remote patient monitoring, according to the company's website.
"Increasingly, seniors and people who need assistance with daily activities are opting to stay in the comfort of their own homes. And this trend will only multiply as the senior population expands with the aging baby-boomer generation," Geoff Nudd, founder and CEO of ClearCare, said in a statement. "We are excited to partner with Battery Ventures as we aggressively pursue new opportunities to grow our market leadership. Battery's expertise in the home care market makes the firm an ideal partner for this next step in our growth story."
Battery Ventures General Partner Chelsea Stoner and Battery Vice President Duncan Gills will join ClearCare's board. In addition, ClearCare announced along with the funding that Bala Krishna Nakshatrala, former vice president of engineering at Mastercard, has joined ClearCare as VP of engineering.
Previous investors include Bessemer Venture Partners, Cambia Health Solutions, Voyager Capital, Qualcomm Ventures, and Harbor Pacific Capital. Additionally, at the end of last year, ClearCare raised an undisclosed amount from McKesson Ventures. This latest funding brings their total funding to somewhere around $75 million.