Founder and CEO Lindsay Jurist-Rosner with her parents. Image Credits:<\/strong> Wellthy<\/p>\n<\/div>\n

\u201cThis was an opportunistic raise for us,\u201d she said. \u201cWe have a lot to do on the tech side to support our growth, and we\u2019re launching with some health insurance companies. So, there\u2019s just a lot of momentum that we wanted to be able to continue to support with some real investment.\u201d<\/span><\/p>\n

Previous backers Hearst and Eldridge co-led the financing (both are also Wellthy clients), which included participation from new backers Citi Impact Fund, Cercano Management (Paul Allen\u2019s family fund) and Stardust Equity, and existing backers such as ReThink Impact.\u00a0<\/span><\/p>\n

Presently, New York City-based Wellthy has about 350 employers, 90% of which are full-time.<\/span><\/p>\n

Todd Boehly, chairman and CEO of Eldridge, b<\/span>elieves Wellthy has helped to both<\/span> define and drive innovation in the caregiving market.<\/span><\/p>\n

Ryan Alam, senior vice president of the Citi Impact Fund, notes that one in five adults in America is a caregiver.<\/span><\/p>\n

\u201c<\/span>That\u2019s a big number that will only grow over the next few decades,\u201d he added. \u201cAnyone who has been a caregiver for a loved one will likely tell you it\u2019s one of the toughest jobs they\u2019ve ever had. In fact, people are dropping out of the workforce at alarming rates because they struggle with the challenges of caregiving at home. Wellthy is the market leader in solving that and it\u2019s a privilege to support their mission.\u201d<\/span><\/p>\n<\/p><\/div>\n

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