Total amount raised
$6 Millions
Latest funding date
01/01/2015
Location
Title
CareMessage has successfully raised significant funding to support its mission of advancing health equity through patient engagement.
The platform is designed to eliminate communication barriers and improve clinical outcomes for low-income populations in the United States.
Keep reading to explore the intricacies of CareMessage's fundraising journey and the investors backing this impactful platform.
What Is CareMessage?
CareMessage, founded in 2013, is a technology non-profit organization dedicated to advancing health equity through patient engagement. The platform focuses on eliminating communication barriers and improving clinical outcomes for low-income populations in the United States.
Based in San Francisco, CareMessage was co-founded by Vineet Singal and Cecilia Corral. The organization leverages technology to increase access to care and address social drivers of health.
With a team of over 50 employees, CareMessage continues to build the largest patient engagement platform for safety-net organizations committed to health equity.
How Much Funding Has CareMessage Raised?
- Funding Round 1:
- Amount Raised: $2.3 million
- Date: After March 2014 and before January 2015
- Lead Investors: Google.org
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To help entrepreneurs use technology to test out new solutions to big problems, particularly those attuned to the needs of low-income neighbors.
- Funding Round 2:
- Amount Raised: $1.5 million
- Date: After March 2014 and before January 2015
- Lead Investors: Bill Ackman and the Pershing Square Foundation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the development and expansion of CareMessage's platform to improve health outcomes for low-income patients.
Total Amount Raised: $3.8 million. Current Valuation: Not publicly disclosed.
Key Investors
- Google.org
- Details: Google.org is the philanthropic arm of Google, focused on using technology to address global challenges. It supports initiatives that leverage technology to create social impact.
- Investment Focus Areas: Health, education, economic opportunity
- Notable Investments: Khan Academy, GiveDirectly, Code for America
- Bill Ackman and the Pershing Square Foundation
- Details: The Pershing Square Foundation was established by hedge fund manager Bill Ackman. It aims to support innovative and impactful social initiatives.
- Investment Focus Areas: Health, education, economic development
- Notable Investments: Room to Read, Innocence Project, One Acre Fund
What's Next for CareMessage?
CareMessage stands at the cusp of a significant opportunity to expand its reach and impact. With the potential to address the health literacy gap among over 77 million U.S. adults, the platform's SMS-based approach can improve patient follow-ups and disease management. The growing focus on digital health solutions and telemedicine further amplifies this opportunity.
Future fundraising efforts could see CareMessage securing additional grants and impact awards from health and technology-focused organizations. Partnerships with healthcare providers and government programs aimed at public health improvement are also on the horizon. However, challenges such as ensuring the accuracy of health information and overcoming technological barriers for low-income populations remain.
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