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June 11, 2020

Boston’s CareAcademy Gets $9.5M Series A to Boost Training for Senior Care

CFO and Controllership Advisory

Care Academy recently raised $9.5 million during its Series A funding round led by Impact America Fund and Rethink Education. Key activities included creation of the data room, meeting with investors, and building the pro forma model associated with the raise. Exbo Group provides ongoing financial diligence support to CareAcademy.

Key investors included Rethink Impact, Revoluation Rose of the Rest, Wanxiang America Healthcare Investment, Techstars Ventures, Strada, and ECMC.

CareAcademy co-founder and CEO said, “We started CareAcademy in 2016 with a simple idea: to empower caregivers to learn how to deliver the best care to older adults with the support, guidance and compassion needed to improve their quality of life.” The company now provides high-quality, state-approved, online caregiver training for home care agencies that increases caregiver knowledge.

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