Home Tech YC-grad Papa raises $2.4M for its ‘grandkids-on-demand’ service – TechCrunch

YC-grad Papa raises $2.4M for its ‘grandkids-on-demand’ service – TechCrunch

YC-grad Papa raises $2.4M for its ‘grandkids-on-demand’ service – TechCrunch

One of the most recent additions to the on-demand financial system is Papa, a cellular app that connects faculty scholars with adults over 60 wanting give a boost to and companionship.

The recent graduate of Y Combinator’s accelerator program has raised a $2.four million round of investment to amplify its service during Florida and to {five} further states subsequent year, starting with Pennsylvania. Initialized Capital led the round, with participation from Sound Ventures.

Headquartered in Miami, the startup used to be based final year by way of leader govt officer Andrew Parker. The concept got here to him whilst he used to be juggling a full-time activity at a startup and being concerned for his grandfather, who had early onset dementia.

“I’ve always been a connector of humans,” Parker, the previous vice president of {health} programs at telehealth corporate MDLIVE, instructed TechCrunch. “I’ve always naturally felt comfortable with all walks of life and all age groups and have just felt human connection is really critical.”

Seniors can request a “Papa Pal” the use of the corporate’s cellular app, desktop website or by way of telephone. The buddies can choose them up and take them out for an job or have them over to play a game, whole family chores, train them the best way to use social media and different era or just to talk. A senior is matched with a scholar, who will have to whole a “rigorous” background take a look at, in as low as 30 seconds.

Parker says there are 600 scholars running with Papa a mean of 25 hours per 30 days.

“We’ve been fortunate that this is something the students really want to be part of,” he mentioned. “They aren’t doing this for a couple extra dollars. They are doing this to help the community.”

The service prices seniors $20 in step with hour, $12 of which is paid to the scholars and $eight is returned to Papa. It’s no longer a subscription-based service, however seniors pays for a top class possibility that permits them to choose from {three} Papa Pals as an alternative of being randomly paired with 1 of the various hundred choices. The scholars don’t supply any private care, like bathing or grooming. And they aren’t a pick-up and drop-off service, like Uber or Lyft.

“We believe the Papa team has found a unique way to combat loneliness and depression in older adults,” mentioned Alexis Ohanian, co-founder and managing spouse of Initialized Capital, in a commentary. “The experience that Papa Pals bring their members make it seem like they are part of a family.”

In addition to increasing to new markets, Papa is within the strategy of partnering with – Insurance corporations with a goal of permitting seniors to pay for a few of its products and services via their Medicare plans.

“Loneliness is a crisis. It’s a disease. It’s killing people prematurely,” Parker mentioned. “We are providing a really massive impact to these people’s lives.”

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