Investing
This brings their total Pre-Series A round funding amount to $3.4 million.
The round was led by Costanoa Ventures and Spark Capital with participation from Homebrew, Fika Ventures, Precursor Ventures, Core Innovation Capital, Garuda Ventures and Webb Investment Network.
Willow also reported a 140% increase in revenue growth year-over-year from 2018 to 2019, supported by a 120% growth in its mom user base YoY.
Both companies are aiming to expand their footprint in APAC and Japan to meet the region’s growing senior care needs.
With this financial support, Freeletics plans to develop new technologies, expand into new markets – especially in the U.S. – and create new business verticals.
The Florida startup connects college and nursing students with seniors who need help with tasks or someone to talk to.
Earlier this summer, the company announced plans to expand into new markets in 2021 and to add small-business plans in certain areas.
Also: Hospital and health system software maker Olive closes $106 million; Ready's tech-enabled on-demand home care locks up $54 million.
The startup will use the funding to help expand its platform of patient communication and digital care solutions.
Funding will enable the company to expand its app for chronic joint pain to the US and further across Europe.