Aloe Care s 2020-21
brisk revenue growth was achieved across multiple revenue streams, including white-label offerings, private duty homecare providers, select insurance partners, and direct-to-consumer online sales. This round ensures the company can continue to meet the exceptional pace of adoption by elders and caregivers in the wake of COVID-19. With more than 50 million people in unpaid caregiving roles, and nearly 60 million people now aged 65+, Aloe Care is poised to support nearly half of the U.S. adult population.
Josh Cohen, Partner at City Light, said, We exist to support companies like Aloe Care - those that are making a measurable impact on large-scale societal issues. Aloe Care is delivering a solution critically needed by millions of people, elders and caregivers alike, Cohen noted.