About Aloe Care
Aloe Care is a company based in New York (United States) founded in 2017 by Lasse Hamre and Ray Spoljaric.. Aloe Care has raised $12.11 million across 2 funding rounds from investors including Springbank, Drumbeat Ventures and Laerdal Million Lives Fund. Aloe Care offers products and services including Smart Hub, Mobile Companion 2, and Care App. Aloe Care operates in a competitive market with competitors including Ekso Bionics, SafelyYou, Vayyar, CarePredict and Eversound, among others.
- Headquarter New York, United States
- Founders Lasse Hamre, Ray Spoljaric
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Sectors
HealthcareTechnology
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Aloe Care Health, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$12.11 M (USD)
in 2 rounds
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Latest Funding Round
$5 M (USD), Series A
Apr 20, 2021
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Investors
Springbank
& 3 more
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Employee Count
Employee Count
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Products & Services of Aloe Care
Aloe Care offers a comprehensive portfolio of products and services, including Smart Hub, Mobile Companion 2, and Care App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Voice-activated hub for emergency calls and home monitoring
Portable unit with fall detection for on-the-go safety
App for caregivers to monitor and communicate updates
Funding Insights of Aloe Care
Aloe Care has successfully raised a total of $12.11M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in April 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $5.0M
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First Round
First Round
(28 Apr 2020)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Series A - Aloe Care | Valuation | Springbank Collective , Drumbeat Ventures |
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| Apr, 2020 | Amount | Series A - Aloe Care | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Aloe Care
Aloe Care has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Springbank, Drumbeat Ventures and Laerdal Million Lives Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Drumbeat Ventures is focused on investing in consumer brands.
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Founded Year | Domain | Location | |
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Investments are made in disruptive health technologies for life-saving impact.
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Founded Year | Domain | Location | |
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Venture capital firm investing in environmental, education & safety care sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Aloe Care
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Aloe Care
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Aloe Care Comparisons
Competitors of Aloe Care
Aloe Care operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ekso Bionics, SafelyYou, Vayyar, CarePredict and Eversound, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Exoskeletons for medical rehabilitation and industrial productivity are provided.
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| domain | founded_year | HQ Location |
AI-based fall detection and prevention technology is provided for clinics.
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| domain | founded_year | HQ Location |
Developer of 4D imaging sensors for cancer detection and other devices
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| domain | founded_year | HQ Location |
Senior activities are monitored via AI wearables to detect anomalies.
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| domain | founded_year | HQ Location |
Wireless headphone systems for seniors with hearing loss are provided.
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| domain | founded_year | HQ Location |
Developer of non-invasive hemodynamic monitoring devices
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Aloe Care
Frequently Asked Questions about Aloe Care
When was Aloe Care founded?
Aloe Care was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is Aloe Care located?
Aloe Care is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Aloe Care?
Ray Spoljaric is the current CEO of Aloe Care. They have also founded this company.
Is Aloe Care a funded company?
Aloe Care is a funded company, having raised a total of $12.11M across 2 funding rounds to date. The company's 1st funding round was a Series A of $7.11M, raised on Apr 28, 2020.
What does Aloe Care do?
Aloe Care was founded in 2017 in New York, United States, focusing on elderly care technology. Non-wearable devices, including a Smart HUB and sensors, are utilized to detect falls, motion, air quality, and temperature. Emergency response access is enabled through the sensors, while secure voice communication is facilitated between caregivers and the elderly. Check-in reminders are issued, and network collaboration is supported via a mobile app.
Who are the top competitors of Aloe Care?
Aloe Care's top competitors include Ekso Bionics, SafelyYou and Nobi.
What products or services does Aloe Care offer?
Aloe Care offers Smart Hub, Mobile Companion 2, and Care App.
Who are Aloe Care's investors?
Aloe Care has 4 investors. Key investors include Springbank, Drumbeat Ventures, Laerdal Million Lives Fund, and City Light Capital.