CEO and Founder Florence Furaha has 10+ years of experience in the elder care industry as a caregiver and care manager. Florence launched MeetCaregivers to address the gap in quality home care for seniors. MeetCaregivers is a technology platform that connects seniors with pre-screened and qualified caregivers. The current total addressable market in the US is $100Bn and is expected to grow to $150Bn by 2025. In the US, 10,000+ people are turning 65 every day and the world’s senior population is expected to grow to 1Bn in three years.
MeetCaregivers’ revenues are growing rapidly, they did $1.1mn in 2019 and are on track to clock $2mn in 2020. They are raising $1.5mn at a $6mn valuation, 20% discount and 5% interest rate. The investment will be used to fuel growth and nationwide expansion, and scale technology. For more information, here’s Florence.
