Evocare
We facilitate the delicate process of finding compassionate and skilled caregivers for family and loved ones through our easily accessible online marketplace.
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | Support Program | ||
| Total Funding | 000k | ||
| USD | 2022 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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Evocare, Corp., established in 2019, operates a caregiving service platform specifically focused on the Puerto Rican market. The company was founded by a couple who, after experiencing the difficulty of finding accessible caregivers for a hospitalized family member, were inspired to create a solution. This personal experience shaped the company's mission to streamline the connection between families and a network of empathetic and responsible caregivers. Based in San Juan, Puerto Rico, the firm has received backing from the accelerator/incubator Parallel18.
The company's business model is centered around a mobile application that functions as an online marketplace, connecting clients with caregivers. This B2C platform generates revenue by taking a commission on the services rendered. In 2019, the company launched two distinct applications: EVOCARE CLIENT and EVOCARE PROVIDER. The client version allows families to search a directory of vetted caregivers and request services, while the provider version enables caregivers to register, undergo an evaluation and approval process, and offer their services. Caregivers can set their own hourly rates within a specified range and receive direct weekly payments.
Evocare's service addresses the need for accessible in-home care for the adult population. The platform serves families seeking assistance for their loved ones, providing a range of services that include help with daily living activities, personal hygiene, light housekeeping, mobility assistance, meal preparation, and medication reminders. All providers undergo a screening process, including background checks and credential verification, to ensure safety and quality of care. For clients, the app offers a secure way to find and manage care, while for providers, it offers a flexible way to find work, manage schedules, and receive payment.
Keywords: caregiver marketplace, home care services, Puerto Rico, elder care, assisted living, mobile health, B2C, caregiver platform, in-home assistance, senior care, caregiving app, home health aides, companion care, vetted caregivers, family support, direct service booking, care coordination, geriatrics