About Carewell
Carewell is a company based in Charlotte (United States) founded in 2015 by Jonathan Magolnick and Bianca L Padilla.. Carewell has raised $54.72 million across 3 funding rounds from investors including Headline, Sageview Capital and Primetime Partners. Carewell offers products and services including Adult Diapers, Nutrition Shakes, and Baby Diapers. Carewell operates in a competitive market with competitors including Etsy, Zulily, Amazon, Wish Shopping and FabFitfun, among others.
- Headquarter Charlotte, United States
- Founders Jonathan Magolnick, Bianca L Padilla
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Sectors
Retail
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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 Carewell Family, 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
$54.72 M (USD)
in 3 rounds
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Latest Funding Round
$24.72 M (USD), Series B
Jun 06, 2023
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Investors
Headline
& 9 more
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Employee Count
Employee Count
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Products & Services of Carewell
Carewell offers a comprehensive portfolio of products and services, including Adult Diapers, Nutrition Shakes, and Baby Diapers. 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.
Products for managing urinary incontinence and comfort.
Drinks designed for weight gain and tube feeding support.
Essentials for infant diapering and health maintenance.
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Funding Insights of Carewell
Carewell has successfully raised a total of $54.72M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $24.72 million completed in June 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 3
- Last Round Series B — $24.7M
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First Round
First Round
(02 Sep 2020)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series B - Carewell | Valuation | MBF Healthcare Partners | |
| May, 2021 | Amount | Series A - Carewell | Valuation |
investors |
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| Sep, 2020 | Amount | Seed - Carewell | Valuation | Headline , NextView Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Carewell
Carewell has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Headline, Sageview Capital and Primetime Partners. 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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Investments are made in early-stage tech startups across multiple sectors.
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Private equity investments are pursued in Europe and the US.
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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 Carewell
| 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 - Carewell
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Carewell Comparisons
Competitors of Carewell
Carewell 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 Etsy, Zulily, Amazon, Wish Shopping and FabFitfun, 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 |
Online marketplace offering multi-category products from independent designers
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| domain | founded_year | HQ Location |
Online shopping platform is operated via flash sales by Zulily.
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| domain | founded_year | HQ Location |
Multi-category products are offered through an online marketplace.
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| domain | founded_year | HQ Location |
Online marketplace platform offering multi-category consumer products
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| domain | founded_year | HQ Location |
Online retailer offering subscription-based multi-category products
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| domain | founded_year | HQ Location |
Artist-designed products are sold via an online marketplace.
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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 Carewell
Frequently Asked Questions about Carewell
When was Carewell founded?
Carewell was founded in 2015 and raised its 1st funding round 5 years after it was founded.
Where is Carewell located?
Carewell is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
Who is the current CEO of Carewell?
Bianca L Padilla is the current CEO of Carewell. They have also founded this company.
Is Carewell a funded company?
Carewell is a funded company, having raised a total of $54.72M across 3 funding rounds to date. The company's 1st funding round was a Seed of $5M, raised on Sep 02, 2020.
What does Carewell do?
Carewell is an online retailer offering multi-category products. Its product catalog includes personal care, cleaning supplies, medical supplies, home care products, daily essentials, and more from various brands.
Who are the top competitors of Carewell?
What products or services does Carewell offer?
Carewell offers Adult Diapers, Nutrition Shakes, and Baby Diapers.
Who are Carewell's investors?
Carewell has 10 investors. Key investors include Headline, Sageview Capital, Primetime Partners, NextView Ventures, and Florida Opportunity Fund.