Papa Announces $10 Million Series A Round and Partnerships with Large Health Insurance Plans to Curb Loneliness and Social Isolation in Seniors
Papa was founded in 2016 to connect college and nursing students, known as "
"Our mission at Papa is to end the loneliness epidemic among seniors by connecting two distinct generations – energetic, enthusiastic college students, and older adults in need of companionship and assistance," said
"Papa is an early leader in the elder tech field, developing a truly unique solution to the loneliness epidemic," said
Papa is currently available in 14 states, including Ark., Calif., Fla., GA., Ill., Kan., Ky., La., Mich., Miss., Mo., Pa., S.C., and
"A broad, diverse, and growing number of stakeholders and policymakers recognize that Social Determinants of Health like loneliness are important to health outcomes," said
"Papa is using technology to create a new class of caregiving that empowers the lives of seniors through enhanced mobility, reduced loneliness, and greater autonomy. With a novel approach that connects seniors with vetted and trusted talent seeking flexible employment, Papa's platform allows health plans and families to impact health outcomes while radically improving the day to day lives of seniors," said
In addition to its insurance plan partners, Papa also announced a partnership with New Benefits, an employee benefits provider. Through the partnership, employees can enroll in Papa and use the service to provide care to the older adults in their families.
References
About Papa
Papa is a digital health company providing "Grandkids on Demand" to older adults, for assistance with transportation, house chores, technology lessons, and other senior services. Papa's mission is to help cure the loneliness epidemic among older adults in America. Papa is currently available to senior citizens throughout Ark., Calif., Fla., GA., Ill., Kan., Ky., La., Mich., Miss., Mo., Pa., S.C., and
About Canaan
Canaan is an early stage venture capital firm that invests in entrepreneurs with visionary ideas. With
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Initialized is an early stage venture capital firm with
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About Y Combinator
Y Combinator (YC) is a startup fund and program. Since 2005, YC has invested in over 2,000 companies including Airbnb, Dropbox, Stripe, Reddit, Instacart, and Docker. The combined valuation of YC companies is over
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