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Axle Health Secures $4.2M to Combat Home Healthcare Staffing Shortage

Feb 22, 2024almost 2 years ago

Amount Raised

$4.2 Million

Round Type

seed

Los AngelesHealth CareSoftware

Investors

Pear VcTrac Vc

Description

Axle Health secured an additional $4.2M in seed funding, bringing its total raised to $4.4M to combat home healthcare staffing shortage, led by TRAC VC with participation from existing investor Pear VC.

Company Information

Company

Axle Health

Location

Los Angeles, California, United States

About

Axle Health provides scheduling and workforce management software for in-home care providers. Our platform includes a mobile app for field staff, an operations dashboard for office teams, proprietary logistics algorithms to optimize scheduling, and a patient engagement and booking solution. We’re integrated with a wide range of EMRs, and our entire product can be customized and accessed modularly via API. Our customers use our software to improve the utilization of their field teams by 15%+, and automate the operational burden of scheduling and dispatching.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers