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COVID-19 Diversity Venture

Boston’s CareAcademy Gets $9.5M Series A To Boost Training For Senior Care

Illustration of woman on video screen.

The senior population in the U.S. has been hit particularly hard during the coronavirus pandemic, especially those living in nursing homes. The workers who tend to them have also faced serious casualties.听

As of June 1, due to the coronavirus, representing a third of known deaths in the U.S., according to the AARP.

This is where steps in.听

The startup provides ongoing online training programs for senior care professionals, in an effort to allow the aged population to stay in their homes.听

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According to the , 54 million Americans are 65 and over. That number increases to , with a doubling of those 85 and over between now and 2040 from 7 million to 15 million.听

CareAcademy co-founder and CEO Helen Adeosun

CareAcademy co-founder and CEO said, 鈥淲e started CareAcademy in 2016 with a simple idea: to empower caregivers to learn how to deliver the best care to older adults with the support, guidance and compassion needed to improve their quality of life. We would then make it easy for caregivers to 鈥榰pskill鈥 and continue their education over time so they could better serve clients as needs changed and advance their careers.鈥澛

For , co-founder and chief medical officer of CareAcademy, the risks of communal living for the aged population have become apparent through the pandemic.

CareAcademy鈥檚 customers include in-home care franchises as well as venture-backed home care technology platforms and . To date, CareAcademy has provided training to 110,000 caregivers with 400,000 classes completed. Its goal as a company is to provide skills training to 1 million caregivers. The cost for their platform ranges from $99 a month for five caregivers to $249 per month for 25 caregivers. Education can be viewed by caregivers on their phone, and courses ensure compliance by state.

, a black woman-led impact venture capital firm founded by ,聽 led the funding round. Other investors include , , , , , Strada and .听

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