CareAcademy Joins Network of Technology Ventures Closing the Opportunity Gap for Low-Income Adults in the United States
January 22, 2019, The Employment Technology Fund (ETF), a social impact fund breaking down barriers to employment for lower-income adults, is investing in CareAcademy to scale the company’s mobile learning platform.
CareAcademy is a social impact enterprise that provides innovative mobile learning, certification, and career advancement opportunities for senior caregivers and home health aides. With CareAcademy adults of all socioeconomic backgrounds can now enter the rapidly growing senior care profession.
Managing Director, ETF
“CareAcademy’s solutions meet two major needs in the United States — a major shortage of certified senior caregivers for a growing senior population and a large number of lower-skilled adults struggling to find meaningful employment,” said Yigal Kerszenbaum, director of the Employment Technology Fund. “By making training and education accessible, CareAcademy is giving workers in-demand skills to start and advance a career in healthcare.”
“Senior care is one of the fastest-growing segments of the American labor force. CareAcademy fills a crucial knowledge gap with accessible online classes,” said Helen Adeosun, CEO of CareAcademy. “With the support of the Employment Technology Fund, we will continue to improve eldercare in America, while opening opportunity for more people to thrive in a very meaningful and in-demand profession.”
Following ETF’s investment, CareAcademy won the Global Grand Prize in the 2018 MIT Inclusive Innovation Challenge in the Skill Development and Opportunity Matching category. CareAcademy was recognized for improving the future of healthcare through mobile upskilling and professional development for caregivers. The Challenge, which recognizes innovative organizations transforming the future of work, received more than 1,500 applicants from around the world. Winning organizations exemplified scalable, working, solutions that broaden opportunity and harness technology to include more people in the digital economy.