Carallel, a Chicago, IL-based provider of human-centered guidance and digital tools for family caregivers, raised $8.2M in Series A funding.
The round was led by FCA Venture Partners with participation from 450 Ventures, Create Health Ventures, Gratitude Railroad, Loud Capital, and Wanxiang Healthcare Investments.
The company intends to use the fund to expand caregiver support to more Medicare Advantage and commercial health plans, and increase development of dynamic digital experiences, expansion of peer-to-peer support, and targeted care interventions.
Led by CEO Shara Cohen, Carallel uses expert guidance and digital tools to identify and empower caregivers so they can manage the twists and turns of caregiving. The company already supports more than 400,000 Medicare Advantage and commercially insured members and their caregivers nationally.
Carallel is launching new programs for 2023 with a number of plans including NextBlue of North Dakota, Priority Health, and Vermont Blue Advantage, among others.