Industry

Technology

Company Type

Technology

Size

$5 Million

Investment Type

Equity

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Overview

Care Connect Software is seeking $5 million to launch and scale their SaaS business.

Enables families to engage with their loved ones in new ways – securing peace of mind and creating opportunities for communities to enhance quality of life


As the population ages, seniors requiring additional care thanks to chronic illness are expected to increase from 14% of the senior population in 2010 to 21% by 2050


The number of people 65 and older in the US is expected to increase to 55 million in 2020; 70 million by 2030, and 88.5 million (20% of the population) in 2050

Opportunity

The US assisted living facility market was valued at $83.2 billion in 2020 and is expected to expand at a compound annual growth rate of 5.3% for the foreseeable future


Seniors can feel isolated from friends and family, leading to an increased risk of mortality


Efforts to reduce isolation have substantial benefits


Loneliness and isolation are associated with poorer cognitive function among older adults – social isolation was associated with about a 50% increased risk of dementia


Social isolation significantly increases a person’s risk of premature death, rivaling smoking, obesity, and physical inactivity

Solution

Care Connect Software enables families to engage with their loved ones in new ways – securing peace of mind

All media (photo and video) are posted as cards in a private feed

Only a POA can view and share with family members

Notification can be sent to legal POA and family members – new posts, comments, likes, and important updates

Amazing Benefits

Shopping platform allows visitors to securely purchase gifts, micro-services, and on-demand care
Administrators can add, remove, and schedule tasks for staff
Premium care packages can include specialized access to Doctor’s appointments, prescriptions, rehab progress, heart monitoring, and more
Integrated task lists automate and track staff responsibilities across multiple properties

Management

Andrew Halasah – CEO and Founder

A hands-on leader with extensive experience in helping specialized products, services, and technologies succeed. Significant experience in enterprise software sales and development at Industrial Media Technologies, and in analytics through his work at Benchmark Analytics. BA in Finance from Cleveland State University.

Dragos Ilie – CTO

Seasoned senior software engineer in full-stack development, CRM technologies, and process automation. Comprehension of business workflows and the requisite CRM setups to navigate dynamic landscapes and ensure seamless operations. BS in Information Technology from Cleveland State University.

Learn More About Care Connect
Thank you for your interest in Care Connect.Please fill out your information and we will contact you shortly with more information on this opportunity.

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CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

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