Key Highlights
- $20 million raised in Series C funding led by ABS Capital.
- Significant growth indicated by a 300% revenue increase over the last three years.
- Plans to expand market reach and enhance digital and concierge-level offerings.
Source: Business Wire
Notable Quotes
- “With nearly 75% of employees balancing work with a caregiving role, there is a significant opportunity to give critical support to one of the largest employee population groups in an organization’s workforce,” – Michael Walsh, Co-Founder and CEO at Cariloop
- “It’s a winning combination, and we’re thrilled to partner with a company that is setting new standards for how caregiving support is provided and enabling more employees to succeed in the workforce,” – Jennifer Krusius, Partner at ABS Capital
SoHC's Take
Cariloop’s Series C funding highlights a robust growth trajectory and reinforces its commitment to enhancing caregiver support through innovative solutions. The significant investment will help Cariloop to further its market reach and improve service offerings, ultimately fostering better workplace environments and supporting working caregivers efficiently. This funding round not only underscores the increasing demand for comprehensive caregiver support solutions but also positions Cariloop to lead in this vital industry sector.
