OVERVIEW
Consumer-directed healthcare solutions for health plans
- Location: East Windsor, NJ
- Sector: Digital Health
- Exit: FiServ acquired CareGain in January 2006
ACTIVATE TEAM ROLE
Co-led Series A round of financing in June 2004, helped the company navigate the process to sell the company and served on the board of directors until the successful exit to FiServ.
OUTCOME
CareGain was a pioneer in the consumer-directed healthcare space. The Company secured large software contracts with top health plans, which enabled them to compete in a rapidly growing market.
“CareGain was an early stage company with significant prospects but in need of funding. Activate’s partners brought together a syndicate of top quality venture capital partners to meet the needs of the company financially and more. They went out of their way to understand our business deeply and broadly, gave financial references to customers, and provided operational business advice. Throughout, they operated at the highest levels of professionalism and integrity. CareGain would not have succeeded to the extent it did without their support and backing.”