Empowering Caregivers: Cariloop’s Commitment to Growth and Impact
Cariloop, Inc., a Texas-based caregiver support platform, has raised $20 million during their Series C funding round. Led by ABS Capital and supported by existing investors such as KCRise Fund, the funding is expected to fuel Cariloop’s growth and expand its support solutions, while deepening its ties to communities like Kansas City.
Since its inception, Cariloop has been dedicated to helping families manage their loved ones’ care needs by providing an employer-sponsored, digitally-powered caregiver support platform. With a focus on reducing stress and burnout for caregivers, Cariloop’s comprehensive solution has resonated with corporate investors and companies in Kansas City, driving increased productivity and reduced absenteeism for employers.
Recognizing the significance of local support, Cariloop has made deliberate efforts to partner with Kansas City-based employers and expand its on-the-ground efforts to reach more companies and caregivers in the community. By fostering these partnerships and creating new employment opportunities, Cariloop aims to have a positive economic development impact in Kansas City.
The Series C investment will enable Cariloop to further expand its market reach with employers and caregivers, while also making key investments in its digital and concierge-level offerings. With nearly 75 percent of employees balancing work with caregiving responsibilities, there is a significant opportunity for Cariloop to provide critical support to one of the largest employee population groups.
Cariloop’s revenue growth of nearly 300 percent over the last three years is a testament to the effectiveness of its solutions, landing the company on prestigious lists such as the Inc. 5000 and Deloitte Technology Fast 500. By working with employers of all sizes and industries, Cariloop aims to relieve the stress and anxiety felt by all caregivers, regardless of their career path or geographical location.
As Cariloop continues to grow, it remains committed to fulfilling KCRise Fund’s early and continued expectations, while keeping its focus on attracting top talent from the Kansas City talent pool. By serving more companies and caregivers in the community, Cariloop is making a meaningful impact on the lives of caregivers and their families, one partnership at a time.
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