About Papa
Papa is a company based in Miami (United States) founded in 2017 by Andrew Parker and Jake Rothstein.. Papa has raised $424.98 million across 10 funding rounds from investors including Flatiron Health, TCG Ventures and Canaan. Papa offers products and services including Companion Care Services and Transportation Assistance. Papa operates in a competitive market with competitors including Care.com, The Helper Bees, Honor, ianacare and CareLinx, among others.
- Headquarter Miami, United States
- Founders Andrew Parker, Jake Rothstein
- Stage Unicorn
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Sectors
HealthcareTechnology Business Services
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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 Papa 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
$424.98 M (USD)
in 10 rounds
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Latest Funding Round
$150 M (USD), Series D
Nov 04, 2021
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Investors
Flatiron Health
& 14 more
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Employee Count
Employee Count
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Products & Services of Papa
Papa offers a comprehensive portfolio of products and services, including Companion Care Services and Transportation Assistance. 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.
Service connecting Pals for social support and daily tasks to aid older adults.
Help with travel and errands to promote independence and reduce isolation.
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Funding Insights of Papa
Papa has successfully raised a total of $424.98M across 10 strategic funding rounds. The most recent funding activity was a Series D round of $150 million completed in November 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 10
- Last Round Series D — $150.0M
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First Round
First Round
(05 Jun 2017)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series D - Papa | Valuation |
investors |
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| Oct, 2021 | Amount | Series D - Papa | Valuation | SoftBank Vision Fund | |
| Apr, 2021 | Amount | Series C - Papa | Valuation | Tiger Global Management |
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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 Papa
Papa has secured backing from 15 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Flatiron Health, TCG Ventures and Canaan. 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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Venture capital investments in technology and startups.
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Founded Year | Domain | Location | |
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Canaan is recognized as an early-stage venture capital firm.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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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 Papa
| 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 - Papa
| 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 |
Papa Comparisons
Competitors of Papa
Papa 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 Care.com, The Helper Bees, Honor, ianacare and CareLinx, 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 |
An app-based marketplace for caregivers is operated.
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| domain | founded_year | HQ Location |
Seniors are matched with caregivers through an online platform.
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| domain | founded_year | HQ Location |
Provider of home care and senior care services
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| domain | founded_year | HQ Location |
Digital care management solutions are provided for caregivers of seniors.
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| domain | founded_year | HQ Location |
Professional caregivers are matched with home care clients online.
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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 Papa
Frequently Asked Questions about Papa
When was Papa founded?
Papa was founded in 2017.
Where is Papa located?
Papa is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
Who is the current CEO of Papa?
Andrew Parker is the current CEO of Papa. They have also founded this company.
Is Papa a funded company?
Papa is a funded company, having raised a total of $424.98M across 10 funding rounds to date. The company's 1st funding round was a Series C of $60M, raised on Jun 05, 2017.
What does Papa do?
Founded in 2017 and based in Miami, United States, the company operates in the digital health sector. A platform is provided to link senior members from health plans and employer programs with caregivers. Services encompass virtual interactions, in-person visits, errands, childcare, pet care, grocery shopping, respite support, transportation, and social engagement for older adults and families.
Who are the top competitors of Papa?
Papa's top competitors include Care.com, Honor and The Helper Bees.
What products or services does Papa offer?
Papa offers Companion Care Services and Transportation Assistance.
Who are Papa's investors?
Papa has 15 investors. Key investors include Flatiron Health, TCG Ventures, Canaan, SoftBank Vision Fund, and Tiger Global.
What is Papa's valuation?
The valuation of Papa is $1.4B as of Oct 2021.
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