About CareSwitch
CareSwitch is a company based in New York (United States) founded in 2018 by Ilya Vakhutinsky was acquired by Paradigm Senior Services in October 2025.. CareSwitch has raised $100 thousand across 1 funding round from investors including Entrepreneurs Roundtable Accelerator and Paradigm Senior Services. The company has 12 employees as of December 31, 2022. CareSwitch operates in a competitive market with competitors including Gusto, AlayaCare, Justworks, Earnin and Paylocity, among others.
- Headquarter New York, United States
- Employees 12 as on 31 Dec, 2022
- Founders Ilya Vakhutinsky
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Sectors
HealthcareTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Careswitch, 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
$100 K (USD)
in 1 rounds
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Latest Funding Round
$100 K (USD), Seed
Jan 07, 2019
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Investors
Entrepreneurs Roundtable Accelerator
& 1 more
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Employee Count
12
as on Dec 31, 2022
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Acquired by
Paradigm Senior Services
(Oct 27, 2025)
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Funding Insights of CareSwitch
CareSwitch has successfully raised a total of $100K through 1 strategic funding round. The most recent funding activity was a Seed round of $100 thousand completed in January 2019. 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 1
- Last Round Seed — $100,000
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First Round
First Round
(07 Jan 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Seed - CareSwitch | Valuation | Entrepreneurs Roundtable Accelerator |
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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 CareSwitch
CareSwitch has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Entrepreneurs Roundtable Accelerator and Paradigm Senior Services. 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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Startups are accelerated in fintech, SaaS, climate, and various sectors.
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Founded Year | Domain | Location | |
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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 CareSwitch
| 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 - CareSwitch
| 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 |
Careswitch Comparisons
Competitors of CareSwitch
CareSwitch 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 Gusto, AlayaCare, Justworks, Earnin and Paylocity, 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 |
Cloud-based HR and payroll solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
Cloud-based platform for home healthcare practitioners is provided.
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| domain | founded_year | HQ Location |
Benefits administration and payroll management are provided for businesses.
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| domain | founded_year | HQ Location |
Real-time access to earned wages is provided fee-free.
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| domain | founded_year | HQ Location |
Cloud-based payroll and HR solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payflow is recognized as a financial wellness application for employees.
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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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Frequently Asked Questions about CareSwitch
When was CareSwitch founded?
CareSwitch was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is CareSwitch located?
CareSwitch is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of CareSwitch?
Ilya Vakhutinsky is the current CEO of CareSwitch. They have also founded this company.
Is CareSwitch a funded company?
CareSwitch is a funded company, having raised a total of $100K across 1 funding round to date. The company's 1st funding round was a Seed of $100K, raised on Jan 07, 2019.
How many employees does CareSwitch have?
As of Dec 31, 2022, the latest employee count at CareSwitch is 12.
What does CareSwitch do?
CareSwitch was founded in 2018 and is headquartered in New York, United States. An online platform is operated to handle human resources for home care agencies, with services encompassing payroll processing, benefits management, and maintenance of employee records. Revenue is generated through subscription-based pricing models within the health care technology sector.
Who are the top competitors of CareSwitch?
Who are CareSwitch's investors?
CareSwitch has 2 investors. Key investors include Entrepreneurs Roundtable Accelerator, and Paradigm Senior Services.