Papa, a Miami, FL-based nationwide provider that pairs older adults and families with Papa Pals for companionship and assistance with everyday tasks, raised an additional $18m in Series B funding.
The round, which brings total funding raised to $31m to date, was led by Comcast Ventures with participation from Canaan, Initialized Capital, Sound Ventures, Pivotal Ventures with Magnify Ventures, Behance Founder, CPO of Adobe; Scott Belsky, the founders of Flatiron Health and their group Operator Partners, and other high-profile investors.
The company intends to use the funds to continue to grow the company, including expanding the team, launching services in new states across the country, expanding its platform.
Founded in 2017 by CEO Andrew Parker, Papa is a family on-demand service providing assistance and companionship to older adults and families in 17 states today, with plans to be in all 50 states by January 2021.
Papa Pals provide companionship to older adults and can help with an array of everyday tasks including transportation, light household chores, navigating health benefits, doctors’ appointments, prescription refill and pick up, grocery delivery, and more.
Papa is eligible to members through health plans and employers as a benefit.
FinSMEs
22/09/2020