{"id":6789,"date":"2026-10-15T11:56:47","date_gmt":"2026-10-15T11:56:47","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=6789"},"modified":"2026-10-15T11:56:47","modified_gmt":"2026-10-15T11:56:47","slug":"startup-abby-care-raises-82-million-to-turn-family-members-into-paid-caregivers","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=6789","title":{"rendered":"Startup Abby Care raises $82 million to turn family members into paid caregivers"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/10\/image7-e1792062117427.png?w=2048\" \/><\/p>\n<p>As a kid, Havi Nguyen sometimes missed school to translate at doctor\u2019s appointments, and was managing Medicaid paperwork for her family, who had recently immigrated from Vietnam. Whatever life in a new country threw at them, Nguyen as the eldest daughter was there\u2014and the labyrinthine American health care system featured prominently in her world.<\/p>\n<div>\n<p class=\"wp-block-paragraph\">At 21, she started working at an early-stage health tech startup focused on therapy for children with autism. It was the depths of COVID, and it was clear to Nguyen there was a gap: There just weren\u2019t enough therapists and technicians, and sometimes they would move on rapidly from one gig to another.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">\u201cThe question I kept asking myself was: Who\u2019s that one person in the child\u2019s life who\u2019s not going to turn away, and is able to be with them to deliver that care?\u201d Nguyen said. \u201cParents were always willing to raise their hand and step up. They would consistently ask us: Is there a way for me to learn these skills? So, I thought: Could we design a care model where the person who wants to deliver care to the patient is already with them?\u201d<\/p>\n<p class=\"wp-block-paragraph\">The answer was Abby Care, an AI-native home care startup that trains family members to become certified, paid caregivers and supports them thereafter. Nguyen founded the company\u2014which operates as a Medicaid provider\u2014in 2022.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Now, Abby Care has raised an $82 million Series C, led by Transformation Capital, <em>Fortune<\/em> has exclusively learned. CVS Health Ventures, Frist Cressey Ventures, and Pivotal Ventures count among the company\u2019s new investors, while existing investors Khosla Ventures, Thrive Capital, and Sequoia doubled down. The company works with health plans to arrange care at home for families that need it. In short, the hope is that by looping in patients, regulators, health plans, and family caregivers, there\u2019s a view toward a health care system that works better for the most vulnerable.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">\u201cThe companies that are really going to be able to succeed are companies that can think about designing the care model that brings all the stakeholders and the U.S. health care system together,\u201d Nguyen said.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Much has been made of the pressures on the health care workforce in the U.S., from the burnout of doctors and nurses to the extant and looming labor shortages. The caregiving gap for patients at home is notably wide, said Justin Brock, general partner at CVS Health Ventures. Brock noted there are many possible competitors to Abby Care, from existing home health agencies to caregiver education platforms, but the need is simply massive.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">\u201cA traditional private duty nurse program only fills 65% of authorized shifts, which is crazy,\u201d he told <em>Fortune<\/em>. \u201cIt\u2019s really leaving so many medically complex members without consistent coverage\u2026 [Meanwhile] you have these tens of millions of family caregivers who are in the home, and a lot of them are already doing care.\u201d\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Among them, Maria Villegas Corrales, a mom in Colorado, whose daughter Mia was born with serious medical complexities that necessitated open heart surgery and a pacemaker in the first years of her life. She learned about Abby Care after Mia\u2019s surgery in June 2024, and Corrales is clear: Guidance isn\u2019t a given.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">\u201cSometimes they just give you a little bag to go home and figure it out,\u201d Corrales said. \u201cIt\u2019s scary to go home and not be able to know what\u2019s to be expected. And a lot of times it\u2019s just learning on the run.\u201d\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Corrales said that becoming a paid caregiver has allowed her to be the best mother possible to Mia, and that a lot of families still have no idea: \u201cFamilies can have the resources to be paid to care for their child, that\u2019s number one, because a lot of people don\u2019t know about this.\u201d<\/p>\n<p class=\"wp-block-paragraph\">It\u2019s a lifelong relationship, of course, which Nguyen is attuned to.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">\u201cI always tell the team this: Abby Care isn\u2019t just here to empower and pay family caregivers,\u201d she said. \u201cWe\u2019re ultimately here to make them feel like they can thrive and succeed.\u201d<\/p>\n<p class=\"wp-block-paragraph\">See you tomorrow,<\/p>\n<p class=\"wp-block-paragraph\"><strong>Allie Garfinkle<br \/>X:<\/strong> @agarfinks<br \/><strong>Email:<\/strong> alexandra.garfinkle@fortune.com<\/p>\n<p class=\"wp-block-paragraph\">Submit a deal for the Term Sheet newsletter here.<\/p>\n<p class=\"wp-block-paragraph\"><em><em>Joey Abrams curated the deals section of today\u2019s newsletter<\/em>.<\/em><\/p>\n<h3>VENTURE CAPITAL<\/h3>\n<p><span style=\"font-weight:400\">\u2011<\/span> <b>Zenzap<\/b><span style=\"font-weight:400\">, a New York-based developer of a workplace chat platform with AI agents, raised $44 million in funding from <\/span><b>Bessemer Venture Partners<\/b><span style=\"font-weight:400\">, <\/span><b>Lightspeed Venture Partners<\/b><span style=\"font-weight:400\">, <\/span><b>The Garage<\/b><span style=\"font-weight:400\">, <\/span><b>Nir Zohar<\/b><span style=\"font-weight:400\">, and <\/span><b>Yoram Tietz<\/b><span style=\"font-weight:400\">.<\/span><\/p>\n<p><span style=\"font-weight:400\">\u2011<\/span> <b>EZ Bombs<\/b><span style=\"font-weight:400\">, an Orlando, Fla.-based maker of shelf-stable seasoning balls for Mexican dishes, raised $25 million in Series A funding led by <\/span><b>CAVU Consumer Partners<\/b><span style=\"font-weight:400\">.<\/span><\/p>\n<p><span style=\"font-weight:400\">\u2011<\/span> <b>Scimplify<\/b><span style=\"font-weight:400\">, a Bengaluru, India-based developer and manufacturer of advanced materials and specialty chemicals, raised $25 million in funding. <\/span><b>Hitachi Ventures<\/b><span style=\"font-weight:400\"> led the round and was joined by <\/span><b>Henkel<\/b><span style=\"font-weight:400\">, <\/span><b>Teknor Apex Company<\/b><span style=\"font-weight:400\">, <\/span><b>Accel<\/b><span style=\"font-weight:400\">, <\/span><b>3one4 Capital<\/b><span style=\"font-weight:400\">, <\/span><b>Bertelsmann India Investments<\/b><span style=\"font-weight:400\">, and <\/span><b>Omnivore<\/b><span style=\"font-weight:400\">.<\/span><\/p>\n<p><span style=\"font-weight:400\">\u2011<\/span> <b>Tamr<\/b><span style=\"font-weight:400\">, a Cambridge, Mass.-based developer of AI-powered data management software, raised $21 million in funding. <\/span><b>Volition Capital<\/b><span style=\"font-weight:400\"> led the round and was joined by existing investors.<\/span><\/p>\n<p><span style=\"font-weight:400\">\u2011<\/span> <b>Switched Source<\/b><span style=\"font-weight:400\">, a Chicago-based developer of power-flow control technology for electric utilities, raised more than $17 million in funding. <\/span><b>Cubit Capital<\/b><span style=\"font-weight:400\"> led the round and was joined by <\/span><b>ABB<\/b><span style=\"font-weight:400\">, <\/span><b>Emerald Technology Ventures<\/b><span style=\"font-weight:400\">, <\/span><b>Red Cedar Ventures<\/b><span style=\"font-weight:400\">, <\/span><b>Southern States<\/b><span style=\"font-weight:400\">, <\/span><b>Southwire Company<\/b><span style=\"font-weight:400\">, and other investors.<\/span><\/p>\n<p><span style=\"font-weight:400\">\u2011<\/span> <b>Ubitium<\/b><span style=\"font-weight:400\">, a D\u00fcsseldorf, Germany-based developer of processors for autonomous machines, raised $14 million in seed funding. <\/span><b>Ibex Investors<\/b><span style=\"font-weight:400\"> led the round and was joined by <\/span><b>OpenOcean<\/b><span style=\"font-weight:400\">, <\/span><b>KBC Focus Fund<\/b><span style=\"font-weight:400\">, <\/span><b>Runa Capital<\/b><span style=\"font-weight:400\">, <\/span><b>Inflection<\/b><span style=\"font-weight:400\">, and <\/span><b>Florian Seibel<\/b><span style=\"font-weight:400\">.<\/span><\/p>\n<p><span style=\"font-weight:400\">\u2011<\/span> <b>Confido Health<\/b><span style=\"font-weight:400\">, a New York-based developer of AI agents for health care operations, raised $12.5 million in a Series A extension, bringing the round\u2019s total to $22.5 million. <\/span><b>Z47<\/b><span style=\"font-weight:400\"> led the extension and was joined by <\/span><b>Justin Saks<\/b><span style=\"font-weight:400\">, <\/span><b>Together Fund<\/b><span style=\"font-weight:400\">, and <\/span><b>Blume Ventures<\/b><span style=\"font-weight:400\">.<\/span><\/p>\n<p><span style=\"font-weight:400\">\u2011<\/span> <b>Othello<\/b><span style=\"font-weight:400\">, a New York- and Tel Aviv-based developer of AI sales coaching software, raised $8 million in seed funding. <\/span><b>a16z speedrun<\/b><span style=\"font-weight:400\"> and <\/span><b>Owl Capital<\/b><span style=\"font-weight:400\"> led the round and were joined by <\/span><b>Long Journey Ventures<\/b><span style=\"font-weight:400\">, <\/span><b>Andy Fang<\/b><span style=\"font-weight:400\">, <\/span><b>Thomas Wolf<\/b><span style=\"font-weight:400\">, <\/span><b>Ryan King<\/b><span style=\"font-weight:400\">, <\/span><b>Chris Larsen<\/b><span style=\"font-weight:400\">, <\/span><b>Philippe Bouaziz<\/b><span style=\"font-weight:400\">, <\/span><b>Kevin Stein<\/b><span style=\"font-weight:400\">, and other investors.<\/span><\/p>\n<p><span style=\"font-weight:400\">\u2011<\/span> <b>Marklo<\/b><span style=\"font-weight:400\">, a San Francisco-based developer of an AI marketing platform for brands using Shopify, raised $5 million in seed funding. <\/span><b>Forerunner<\/b><span style=\"font-weight:400\"> led the round and was joined by <\/span><b>Freestyle Capital<\/b><span style=\"font-weight:400\">.<\/span><\/p>\n<p><span style=\"font-weight:400\">\u2011<\/span> <b>RevRag AI<\/b><span style=\"font-weight:400\">, a Bengaluru, India-based developer of AI relationship managers for financial services providers, raised $2.5 million in seed funding. <\/span><b>Accion Ventures<\/b><span style=\"font-weight:400\"> led the round and was joined by <\/span><b>Cedar Hill Capital<\/b><span style=\"font-weight:400\">, <\/span><b>Wyser<\/b><span style=\"font-weight:400\">, and <\/span><b>Venture Catalysts<\/b><span style=\"font-weight:400\">.<\/span><\/p>\n<h3>PRIVATE EQUITY<\/h3>\n<p><span style=\"font-weight:400\">\u2011 <\/span><b>FormativGroup<\/b><span style=\"font-weight:400\">, a portfolio company of <\/span><b>Rockbridge Growth Equity<\/b><span style=\"font-weight:400\">, acquired<\/span> <b>Saige Consulting<\/b><span style=\"font-weight:400\">, a New York-based AI and technology consulting firm. Financial terms weren\u2019t disclosed.<\/span><\/p>\n<p><span style=\"font-weight:400\">\u2011 <\/span><b>Mason Wells<\/b><span style=\"font-weight:400\"> acquired<\/span> <b>Canworks<\/b><span style=\"font-weight:400\">, an Austin, Texas-based provider of digital printing services for aluminum beverage cans. Financial terms weren\u2019t disclosed.<\/span><\/p>\n<p><span style=\"font-weight:400\">\u2011 <\/span><b>Vivify Specialty Ingredients<\/b><span style=\"font-weight:400\">, a portfolio company of <\/span><b>Gryphon Investors<\/b><span style=\"font-weight:400\">, acquired<\/span> <b>AuNutra Industries<\/b><span style=\"font-weight:400\">, a Chino, Calif.-based supplier of botanical extracts and nutritional ingredients for the supplement industry. Financial terms weren\u2019t disclosed.<\/span><\/p>\n<h3>EXITS<\/h3>\n<p><span style=\"font-weight:400\">\u2011 <\/span><b>Precise Aerospace &amp; Defense<\/b><span style=\"font-weight:400\">, a portfolio company of <\/span><b>ATL Partners<\/b><span style=\"font-weight:400\">, acquired<\/span> <b>Precise Metal Products<\/b><span style=\"font-weight:400\">, a Phoenix-based manufacturer of airflow management components for aerospace and defense applications, from affiliates of <\/span><b>Staple Street Capital<\/b><span style=\"font-weight:400\">. Financial terms weren\u2019t disclosed.<\/span><\/p>\n<h3>FUNDS + FUNDS OF FUNDS<\/h3>\n<p><span style=\"font-weight:400\">\u2011<\/span> <b>Pear VC<\/b><span style=\"font-weight:400\">, a Menlo Park, Calif.-based venture capital firm, raised $333 million for its fifth fund focused on pre-seed and seed-stage companies.<\/span><\/p>\n<h3>PEOPLE<\/h3>\n<p><span style=\"font-weight:400\">\u2011<\/span> <b>Pear VC<\/b><span style=\"font-weight:400\">, a Menlo Park, Calif.-based venture capital firm, promoted <\/span><b>Arash Afrakhteh<\/b><span style=\"font-weight:400\">, <\/span><b>Ajay Kamat<\/b><span style=\"font-weight:400\">, and <\/span><b>Shravan Reddy<\/b><span style=\"font-weight:400\"> to general partner.<\/span><\/p>\n<\/div>\n<p>#Startup #Abby #Care #raises #million #turn #family #members #paid #caregivers<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As a kid, Havi Nguyen sometime&hellip; <\/p>\n","protected":false},"author":1,"featured_media":6790,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[9903,2464,9904,9902,1338,2588,673,5281,1834,2502,892,1835,3495,889],"class_list":["post-6789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-abby","tag-care","tag-caregivers","tag-caregiving","tag-family","tag-members","tag-million","tag-paid","tag-private-equity","tag-raises","tag-startup","tag-term-sheet","tag-turn","tag-venture-capital"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - 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