Eldercare start-up Papa raises $18m

Miami-based Papa, which connects older adults and families with companions, announced it has raised an additional $18 million for its Series B round led by Comcast Ventures. Additional investors include Canaan Partners, 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, founded in 2018, has now raised $31 million in total funding.

The company, which has seen its business pick up since the covid-19 pandemic, aims to expand from 17 to all 50 states by January 2021.

Source: Press release