Tech Company Raises $11 Million to Further Develop Home Care Software
ClearCare, a home care tech company that provides paperless care management software, is raising $11 million to further develop its cloud-based services, reports Venture Beat.
A software-as-a-service provider based in San Francisco, ClearCare offers a front- and back-office tech solution for private duty home care agencies.
Utilizing both web and mobile platforms, ClearCare’s software enables paperless employee scheduling, two-way caregiver messaging, billing and payroll functions, as well as integrated telephony that allows users to make calls through the program.
The all-in-one software boasts 50% time savings in scheduling and up to 80% time savings with paperless documentation, according to a demo video from the company.
This latest $11 million round of funding is being led by Bessemer Venture Partners, a venture capital firm which contains an investment portfolio that spans companies across various industries, from healthcare and cloud computing software, to retail and financial services.
Some of the firm’s notable portfolio investments include renown social media companies such as LinkedIn, Yelp and Pinterest.
The $11 million adds to ClearCare’s total funding, which now stands at $15.5 million following 2012 infusions from venture capital investors Voyager Capital, Harbor Pacific Capital and Qualcomm Ventures.
Currently, ClearCare serves more than 1,300 home care agencies, which include national franchises such as Home Instead Senior Care, Right at Home, Visiting Angels and Home Care Assistance—to name a few the tech provider proudly advertises on its website’s homepage.
Read more at Venture Beat.
Written by Jason Oliva