VilCap Investments Funds Health Startups Advocatia Solutions, Inc and TCare, Inc

(San Francisco, CA) — VilCap Investments today announced $75,000 investments in Advocatia Solutions, Inc and TCARE, Inc, two companies that were selected for investment by their peers during a venture development program run by Village Capital, in collaboration with Kaiser Permanente, for early-stage companies solving critical issues for an aging population.

To date, VilCap Investments has funded 15 early-stage startups working at the nexus of technology and health.

Victoria Fram, VilCap Investments Managing Director, said, “Our most recent health tech investments address two pressing challenges in our healthcare system -- how to improve outcomes and manage costs for uninsured populations, and how to attend to the needs of caregivers in order to prevent burnout. With these two investments, we continue to focus on improving access to care for populations that are underserved and are finding opportunities to do so in large and growing markets.”

• Chicago-based Advocatia Solutions, Inc streamlines engagement, screening, and enrollment for hospitals to improve the lives of their underserved communities.
• Madison, Wisconsin-based TCARE, Inc uses an evidence-based enterprise SaaS solution to identify the early warning signs of family caregiver burnout and match the caregiver with appropriate resources to alleviate the stressors contributing to burnout.

The two companies participated in Health US 2018, a venture development program for early-stage startups working to improve the lives of seniors and the formal and informal caregivers. At the end of the program, they were ranked as “most investment-ready” by their peers during Village Capital’s unique  investment decision-making process. During this process, each company is rated by their peers on eight specific investment criteria, including team and product-market fit.

Advocatia Solutions, Inc and TCARE, Inc  were both featured in an October 2018 report by Village Capital titled Rethinking Care in an Aging America: How startups are responding to changing trends in the care continuum. The report identified innovations in three categories:

• Caregiving. Solutions to better equip the caregiver – including informal caregivers (unpaid family and friends), formal caregivers (paid home health aides), and employees at senior housing and care facilities
• Clinical Insights. Solutions that help generate intelligence about a patient’s health status, such as remote patient monitoring and point-of-care diagnostics.
• Financial Planning. Solutions helping people plan for retirement, enroll in safety net programs and avoid fraud financial fraud.

The full list of companies in the Health US 2018 cohort were:

• Advocatia Solutions, Inc (Chicago, IL): Streamlining engagement, screening, and enrollment for hospitals to improve the lives of their underserved community.
• CareAcademy (Boston, MA): Providing online professional development to teach and upskill caregivers of older adults.
• Moving Analytics (Los Angeles, CA): Providing virtual cardiac rehab and secondary prevention programs for cardiovascular diseases.
• Multisensor Diagnostics (Baltimore, MD): Performing rapid medical assessment of 10+ vital health parameters in 30 seconds & facilitating real-time triaging for remote monitoring.
• Nonnatech (New York City, NY): Combining machine learning with passive patient monitoring to enable the detection of patient deterioration before symptoms begin to appear.
• PharmaCCX (Boston, MA): Increasing global access to innovative medicines by allowing market forces to rationally price drugs.
• Reciprocare (Baltimore, MD): Providing an online B2B marketplace that helps senior care providers find caregivers and helps caregivers find jobs.
• TCARE, Inc (Madison, WI): Preventing caregiver burnouts with an enterprise-SaaS solution used by care management professionals.
• Tending (San Francisco, CA): Guiding seniors and their families through transitions of care planning with technology-enabled services.
• Veritage Solutions (Houston, TX): Integrating the senior care facility market and delivering business intelligence through SaaS based data warehouses.

For more information, reach out to Rustin Finkler at Village Capital at rustin.finkler@vilcap.com.

Village Capital helps entrepreneurs bring big ideas from vision to scale. Our mission is to reinvent the system to back the entrepreneurs of the future. Our vision is a future where business creates equity and long-term prosperity. Since 2009, we have supported more than 1,000 early-stage entrepreneurs through our investment readiness programs. Our affiliated fund, VilCap Investments, has provided seed funding to more than 100 program graduates.