companies

Papa Exit Candidate

🦄
Employees 300+
Primary contact

Links
https://www.joinpapa.com/
🏦 Potential exit path: SPAC, IPO
Papa is a service that connects College Students to Senior Citizens who need transportation, house help, technology lessons, companionship, and other senior services. Described like "having grandkids on-demand," it sends College Students to assist seniors with rides, daily tasks or just hang out. Papa is available in two tiers: basic, free membership that costs $20 per hour; and premium membership which also includes a $30/month fee (in addition to $20). The premium membership lets users interview and select their Papa Pal team.
Select partners: Uber Health, Humana, Aetna, Priority Health, Alignment Healthcare, New Benefits, Anthem, Blue Cross & Blue Shield of Rhode Island, Braven Health, Medica, Neighborhood Health Plan of Rhode Island, PacificSource Community Health Plans, SummaCare.
🦄
Employees 300+
Primary contact

Links
https://www.joinpapa.com/

Funding 💰

Total 🦄 $241.2M
Last round 🔗 $150M
Series D
November 4, 2021.
Select investors SoftBank Vision Fund, Tiger Global Management, Comcast Ventures, Canaan Partners, Initialized Capital, Sound Ventures, Pivotal Ventures, Y Combinator, Seven Seven Six

Key people 🧑‍🤝‍🧑

Highlights ⭐

  • Papa is on a mission to solve a real problem, to curb loneliness and social isolation in seniors - which researchers have shown has the same impact on health as smoking 15 cigarettes per day. 🔗
  • As of October 2021, the company experienced a 333% year-over-year growth in membership. 🔗
  • This growth was enabled with Papa's vast partner network that includes many insurance and benefits plans as well as Uber Health.
  • The company's founders, Andrew Parker and Alfredo Vaamonde, have been in the digital health industry for quite some time with their previous roles in MDLIVE and PRX Control Solutions, respectively.
  • With its Series D, Papa aims to go one step forward and address social determinants of health, including loneliness and isolation, for older Americans and others who stand to benefit from companionship and everyday assistance. 🔗
Last update: March 10, 2022