Qualcomm Ventures is one of several investors in the first round of funding for ClearCare, a San Francisco-based company that provides a front- and back-end online software platform for the home care industry. ClearCare raised $4.6 million in combined seed and first round funds from Qualcomm and venture firms Voyager Capital and Harbor Pacific Capital. Voyager led the round. The 2-year-old company plans to use the funds to continue to develop the product and to grow sales.
ClearCare's software platform enables the families of aging in place seniors to have real-time access to caregiver records, which the caregiver can update online, by text messaging, or by phone. In addition, it includes back-end services like accounting and HR. According to the company, they have more than 250 home care businesses using their service across the country and in Canada.
Right now there's no relationship between Qualcomm and ClearCare beyond the investment, but both companies see potential collaboration in the future with Qualcomm Life's home monitoring and alert systems.
“We see natural synergy with ClearCare’s platform,” Jack Young, Director of Qualcomm Ventures, said in a statement. “Qualcomm offers a growing variety of in-home wireless health solutions, and data from these technologies ultimately has to be delivered and leveraged by all the constituencies in the care ecosystem. ClearCare’s platform is well-positioned to get in-home data to the parties that need it and make it actionable.”
Young told MobiHealthNews Qualcomm has been watching the home care space for some time, citing the statistic that 10,000 baby boomers turn 65 each day. He said that new solutions for senior care will be important as the number of people needing care grows.
ClearCare Chief Operations Officer Jacqueline Kung told MobiHealthNews that the home care space is badly in need of online innovation. When caregivers keep only paper records it can be hard for families, especially far away families, to know how their loved one is doing.