Papa

Papa

Provides companionship and support for seniors

About Papa

Simplify's Rating
Why Papa is rated
B-
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated A on Differentiation

Industries

Social Impact

Healthcare

Company Size

501-1,000

Company Stage

Series D

Total Funding

$241.2M

Headquarters

Miami, Florida

Founded

2017

Overview

Papa provides social support services by connecting older adults and families with trained companions known as Papa Pals. These companions offer assistance and companionship, helping to reduce feelings of loneliness and improve overall health. The service works by matching individuals with Papa Pals who are vetted and trained to provide the necessary support. Unlike many other care services that focus solely on medical needs, Papa emphasizes the importance of human connection and emotional well-being. The goal of Papa is to create a world where individuals do not have to face challenges alone, fostering a sense of community and support.

YC Company
Simplify Jobs

Simplify's Take

What believers are saying

  • COVID-19 increased demand for digital companionship solutions, benefiting Papa's mission.
  • Rise of telehealth creates opportunities for Papa to integrate health monitoring services.
  • Intergenerational programs trend supports Papa's model of connecting students with seniors.

What critics are saying

  • Increased competition from startups like Silvernest and Honor.
  • Potential privacy concerns regarding handling of seniors' sensitive data.
  • Challenges in scaling due to varying state regulations and licensing requirements.

What makes Papa unique

  • Papa connects college students with seniors for companionship and assistance.
  • Papa offers both virtual and in-person companionship services to older adults.
  • Papa's model supports independent living for seniors through personalized assistance.

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Funding

Total Funding

$241.2M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:
Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$150M
Papa

Benefits

Medical, dental, & vision

HSA/FSA plans

Life & disability insurance

401k

PTO

Family building

Parental leave

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

1%
PR Newswire
Jul 13th, 2022
Very Big Things Names Alec Alfonso Senior Director Of Business Development And Strategy

"Digital innovation leverages technology to overcome business challenges, create efficiencies within business processes, and improve the customer experience," said Alec Alfonso, Senior Director of Business Development and Strategy at Very Big Things. "Very Big Things sets the highest standard for developing truly exceptional and innovative software products for its startup and enterprise clients. I am excited to help VBT clients formulate the optimal digital strategy that draws on our expertise in Project Management, Product Design, UX/UI, Front-End and Back-End Development.". Alec Alfonso has over 8 years of Business Development, Sales and Strategy experience within the financial services and insurance industries. Most recently, Alec worked for Lockton Companies and Willis Towers Watson, two of the world's largest insurance broking and consulting firms. There he consulted middle market and enterprise clients on risk mitigation, transfer, and finance strategies. Prior, Alec led business development and strategy at an outsourcing brokerage and consulting startup company. There he led the integration of a new technology platform which digitized customer acquisition. Alec earned his Master's Degree in Business Administration from The University of Florida's Hough Graduate School of Business

Business Wire
Apr 13th, 2021
Papa Announces $60 Million in Series C Funding Led by Tiger Global

MIAMI--(BUSINESS WIRE)--Papa, a family on-demand service providing assistance and companionship to older adults, secures $60M Series C funding led by Tiger Global Management.

GeekWire
Nov 11th, 2020
COVID-19 accelerates tech solutions for lonely seniors, addressing ‘double pandemic’ of isolation

Even before COVID-19 forced us to stay at home and isolate ourselves, too many older adults were suffering with loneliness. Pre-pandemic, some 43% of adults aged 60 and older reported feeling lonely, according to a national study.

Hypepotamus
Sep 25th, 2020
SOUTHEAST FUNDING & TECH NEWS ROUND UP: WEEK OF SEP 21

Catch up on this week's tech and startup headlines from across the Southeast! From fintech to medtech, it's been a big week in funding news.

TechCrunch
Sep 22nd, 2020
Papa raises $18 million to expand its business connecting older adults with virtual and in-person companions

The Miami-based startup Papa has raised an additional $18 million as it looks to expand its business connecting elderly Americans and families with physical and virtual companions, which the company calls “pals.” The company’s services are already available in 17 states and Papa is going to expand to another four states in the next few […]

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Vice President of Product

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Papa is Hiring for 2 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
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