Participated · Equity · Sep 2020

TCARE is a St. Louis-based company that provides an evidence-based family caregiver support solution designed to reduce family caregiver burnout. Its technology uses precision targeting and mapping of resources and comprises intelligent machine-learning models, data prediction models, and analytics that pull Social Determinants of Health (SDOH) data. The platform is positioned to create LTSS and LTC population health risk management solutions. TCARE spun out of research from the University of Wisconsin–Milwaukee and reports customers across multiple segments and industries, including enterprise and Fortune 100 clients. The company recently closed an oversubscribed $17 million Series A, bringing total funding to $20 million, led by American Family Ventures with participation from new and returning investors. Management says the growth capital will be used to expand offerings with enterprise customers, grow its footprint with current customers, and enter previously untapped markets. TCARE is a St. Louis-based company offering an enterprise SaaS platform to support family caregivers. Led by CEO Ali Ahmadi, the platform uses predictive analytics to identify and prevent caregiver burnout, aiming to reduce long-term care service usage and delay nursing home placements. The company partners with health, life and long-term care insurance carriers to integrate its solution into payer programs. Its clients include top‑5 MCOs, Managed Long-Term Services and Supports (MLTSS) plans, Medicare health plans, the Washington State Dept. of Social & Health Services, the Alaska Dept. of Health, the Hawaii Office of Aging and 90+ Area Agencies on Aging spanning 32 states. TCARE closed a $3M financing round and intends to use the funds to expand operations and broaden its business reach.

Led · Equity · Jan 2016

Learn to Live provides comprehensive, self-directed cognitive behavioral therapy (CBT) programs for depression, anxiety, stress, social anxiety, insomnia, and substance use, complemented by 24/7 live clinician coaching and clinically based therapy protocols. Its tools are available anytime, anywhere, directly to consumers and through partnerships with health plans, employers, and higher-education institutions. The company reports 11x member growth over the past year and a current reach of over 33 million individuals nationally, alongside outcome metrics such as 50% reporting drops in depression and anxiety measures, 95% achieving goals, 48% continued engagement at six months, and a reported 5:1 ROI for employer clients in year one. Learn to Live collaborates with hundreds of organizations, including Health Care Service Corporation, Prime Therapeutics, Blue Cross Blue Shield of Massachusetts, Sleep Number, and the University of Minnesota. To meet demand it has introduced Spanish to the platform, launched client and clinician portals, rolled out COVID-19–tailored programs, nearly doubled its employee base, and expanded its client success, clinician coaching, engineering, and operations teams. The company says it will continue launching evidence-based programs and scale beyond its current member base to address growing need for value-driven mental healthcare. Learn to Live provides online self-help cognitive behavioral therapy programs addressing depression, social anxiety, stress, anxiety and worry. The company was launched in 2013 by CEO Dale Cook and Chief Psychology Officer Dr. Russ Morfitt and is based in Minneapolis, Minnesota. It delivers programs directly to consumers and via partnerships with large self-insured employers and health care providers. Learn to Live raised over $1M in a funding round and intends to use the proceeds to expand its technology platform and extend market reach. The financing signals support from payers and investors active in health care and digital behavioral health. No revenue or user metrics were disclosed in the article.