Carallel: Raises $8.2M in Series A Funding

Carallel Raises $8.2M in Series A Funding

• Carallel, a Chicago, IL-based provider of human-centered guidance and digital tools for family caregivers, raised $8.2M in Series A funding
• The round was led by FCA Venture Partners with participation from 450 Ventures, Create Health Ventures, Gratitude Railroad, Loud Capital, and Wanxiang Healthcare Investments
• The company intends to use the fund to expand caregiver support to more Medicare Advantage and commercial health plans, and increase development of dynamic digital experiences, expansion of peer-to-peer support, and targeted care interventions
• The company  uses expert guidance and digital tools to identify and empower caregivers so they can manage the twists and turns of caregiving
• The company already supports more than 400,000 Medicare Advantage and commercially insured members and their caregivers nationally