US-based companionship provider Papa has raised $18m in series B funding from investors including Comcast Ventures, the corporate venturing arm of mass media group Comcast.
The round included venture capital firms Canaan, Initialized Capital, Sound Ventures and Pivotal Ventures as well as angel investors such as Scott Belsky, the founder of healthcare services provider Flatiron Health. It brought the company’s total funding to $31m.
Papa provides on-demand companionship and assistance to families in 17 US states, and intends to have expanded throughout the country by January 2021.
Fatima Husain, principal at Comcast Ventures, said: “Papa is enabling a growing number of older Americans to age at home, while reducing the cost of care for health plans and creating meaningful jobs for companion care professionals.”
