Avanlee Care, a health tech company supporting family caregivers, announced last week that it raised $3.5 million in seed funding.
The startup works with Medicare Advantage plans to identify their members’ caregivers and then give them the resources they need to fill in care gaps. Specifically, it can help caregivers schedule appointments, manage medications, receive vaccination reminders, find providers and shop for groceries and household supplies. It also offers wellness tools to address the burden placed on caregivers. The company has integrations with national retailers and Mark Cuban Cost Plus Drug Company.
“Our platform helps health plans identify and engage caregivers, connect them with resources, and empower them to better coordinate care, ultimately improving health outcomes, reducing caregiver burden, and lowering healthcare costs,” said Avanlee Christine, co-founder and CEO of Avanlee Care, in an email.
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The seed round was led by BEA Venture Fund, with participation from existing investors, including Board Chair Esther Dyson, Chrysalis Ventures and FairBridge VC. In total, Avanlee Care has raised $6 million.
“Avanlee Care is addressing an enormous and underutilized resource within healthcare,” said Melissa Bradley, founder and managing partner of BEA Venture Fund, in a statement. “As healthcare organizations look for more effective ways to improve engagement and outcomes, Avanlee is offering the infrastructure to make caregivers part of that strategy. We believe that creates a significant opportunity to improve both the caregiver experience and healthcare outcomes at scale.”
With the financing, Avanlee Care will expand its technology and enterprise infrastructure, as well as grow its relationships with national health plans and healthcare organizations, according to the announcement.
The company is also leveraging AI to support caregivers, including to summarize caregiver notes, recommend healthcare providers and match users’ questions with relevant resources.
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Currently, more than 60 million Americans are unpaid caregivers for loved ones. And oftentimes, health plans struggle to identify and engage with the caregivers of their members, Christine said.
“One of the biggest gaps in healthcare is that family caregivers, who play a critical role in managing the health and well-being of their loved ones, are largely invisible to the healthcare system,” she stated. “More than 60 million Americans provide unpaid care, yet health plans and providers often lack the tools to identify, engage, and support them. At Avanlee Care, we’re working to change that by making family caregivers an integral and strategic part of the healthcare ecosystem.”
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