Tech Company Financing Transactions
Gotcare Funding Round
Gotcare, based in Toronto, ON, received $2 million from Telus Pollinator Fund for Good and Sandpiper Ventures.
Transaction Overview
Company Name
Announced On
2/6/2023
Transaction Type
Venture Equity
Amount
$1,960,000
Round
Undisclosed
Investors
Telus Pollinator Fund for Good (Lead Investor)
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
Healthcare IT
Mailing Address
1655 Dupont St 101
Toronto, ON, M6P 3T1
CA
Toronto, ON, M6P 3T1
CA
Phone
Website
Email Address
Overview
Gotcare was founded to transform what it means to receive health services in the comfort of the home. Having both worked within the hospital and community care system, they experienced first-hand how the system wasn't working for anyone - clients, their families, or frontline in-home care workers. Industry turnover is up to 60% across the country due to poor wages and working conditions, which means families can't access the services they need. As a result, the burden of caretaking falls on the shoulders of their loved ones - juggling work and care taking ( leading to high stress and burnout). It's estimated that 1 in 3 Canadians are affected by our in-home care crisis today with numbers expected to double in the coming decade.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Chenny Xia
Co-Founder
Carol MacDonald
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