Chicago-based Caremerge LLC has raised an additional $4 million in investments, which the company plans to use to expand its care coordination platform in the senior care market.
This round of financing was led by Cambia Health Solutions and included additional investments from Generator Ventures, GE Ventures, Arsenal Venture Partners and the Ziegler-LinkAge Longevity Fund.
Caremerge's product, launched in 2012, is a HIPAA-compliant mobile/web-based platform that allows senior living facility staff, physicians and family members of residents to capture, centralize and share clinical and daily activity information.
"We are honored to have such visionary partners as investors," said Asif Khan, Founder & CEO of Caremerge in a press release. "Each one brings tremendous value to Caremerge’s vision to revolutionize care coordination for our most chronic and fragile demographic. These new partnerships and capital will allow Caremerge to continue to take a leading role in the senior care industry through simple technology; and therefore improving the lives of everyone involved."