About CareWear
CareWear is a company based in Reno (United States) founded in 2005 by Chris Castel.. CareWear has raised $1 million across 1 funding round. The company has 4 employees as of December 31, 2021. CareWear operates in a competitive market with competitors including THOR Photomedicine, Solio Therapy, UVLrx Therapeutics, Anodyne Therapy and Bright Photomedicine, among others.
- Headquarter Reno, United States
- Employees 4 as on 31 Dec, 2021
- Founders Chris Castel
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Carewear Corp
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Annual Revenue
$00as on Feb 19, 2018
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Net Profit
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EBITDA
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Total Equity Funding
$1 M (USD)
in 1 rounds
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Latest Funding Round
$1 M (USD), Seed
Sep 05, 2023
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Investors
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Employee Count
4
as on Dec 31, 2021
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Funding Insights of CareWear
CareWear has successfully raised a total of $1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1 million completed in September 2023. 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 — $1.0M
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First Round
First Round
(05 Sep 2023)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Seed - CareWear | 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 |
Investments & Acquisitions by CareWear
| 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 - CareWear
| 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 |
Carewear Comparisons
Competitors of CareWear
CareWear 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 THOR Photomedicine, Solio Therapy, UVLrx Therapeutics, Anodyne Therapy and Bright Photomedicine, 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 |
Devices for Low Level Light therapy for pain and inflammation reduction
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Provides light therapy devices for chronic pain relief and injury treatment.
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Offers a light therapy-based treatment system for therapeutic applications.
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Provides infrared light therapy devices for non-invasive pain management and relief.
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| domain | founded_year | HQ Location |
Wearable phototherapy devices for pain management are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Carewear
Frequently Asked Questions about CareWear
When was CareWear founded?
CareWear was founded in 2005 and raised its 1st funding round 18 years after it was founded.
Where is CareWear located?
CareWear is headquartered in Reno, United States. It is registered at Reno, Nevada, United States.
Who is the current CEO of CareWear?
Chris Castel is the current CEO of CareWear. They have also founded this company.
Is CareWear a funded company?
CareWear is a funded company, having raised a total of $1M across 1 funding round to date. The company's 1st funding round was a Seed of $1M, raised on Sep 05, 2023.
How many employees does CareWear have?
As of Dec 31, 2021, the latest employee count at CareWear is 4.
What does CareWear do?
CareWear Technology has developed a wearable light patch for pain relief and injury recovery for athletes. The company flagship product, CareWear is an FDA-registered LED light patch can be used by any sports athletes which start relieving pain and accelerating recovery within minutes. It uses the principle of PhotoBioModulation (PBM) to treat pain.
Who are the top competitors of CareWear?
CareWear's top competitors include THOR Photomedicine, Bright Photomedicine and Polarisol.