CareAcademy News: Strategic Investment by Goldman

A Message From Our CEO: CareAcademy's Strategic Funding Announcement

When my parents immigrated to the U.S. from Nigeria, their much-needed healthcare experience, education, and skills were not recognized here. Like many immigrants, they were forced to start their careers over.

While this was decades ago, millions of talented workers face the same challenge today–needing to reskill, upskill, and get certified to do the essential work of caring for others.

Meanwhile, we face a critical labor shortage in healthcare. PHI estimates 7.4M direct care jobs must be filled by 2029, particularly in home settings. As an industry and as a society, we need to remove barriers to bringing new entrants into the field, and we need to retain talent. 

We don’t have time to waste.

At CareAcademy, we developed a solution to enable caregivers to learn anytime, anywhere, on any device. 

Today, nearly 300,000 learners have completed over 1.5 million classes through CareAcademy. We have 1,600 agency customers, and our library has grown to over 400 training resources. The CareAcademy team has grown to more than 75 amazing people who believe in and work toward furthering our mission every day.

This week, we announced a major milestone: We have raised $20 million in strategic funding, led by Goldmach Sachs Asset Management with participation from MassMutual through the MM Catalyst Fund, Impact America Fund, Rethink Education, Unseen Capital, First Trust Capital Partners, LLC, and prior investors.

This strategic funding will take us to the next level, allowing us to accelerate product development and content expansion while furthering our mission to unlock the unmet potential of caregiving in home and community-based services.

It will enable us to prove that education is a true health intervention. Data is the next “final frontier” in home and community-based care, and CareAcademy will be instrumental in ending the data desert by connecting training and education to health outcomes. 

To our team, industry partners, providers and caregivers of all types — we cannot thank you enough for your support. To our broader community, we welcome you to join us in transforming caregiver education.

See other posts

How to Improve Caregiver Onboarding (According to Agency Execs)

Recruiting and retaining caregivers is one of the biggest challenges for home healthcare agencies. Turnover is high […]

Tips on Maintaining Professional Boundaries for Caregivers

By Nancy Mitchell, RN Caregiving is a highly personable job. It’s full of compassion, support, and understanding. […]

5 Ways You Might Be Breaking Payroll Laws—And How To Fix Them

As a home care agency owner, ensuring payroll compliance is essential for the financial health of your business.

© 2023 CareAcademy. All rights reserved