Family First, a Boston-based startup designed to support caregivers, has raised $11 million in a Series A, the company announced Wednesday. The round was led by RPM Ventures and Eos Venture Partners.
Family First was founded in 2021 to provide relief to those who care for aging or ill people. According to the AARP, 53 million adults in the United States provided care to an adult or child with special needs in 2020, up 43.5 million caregivers in 2015.
These family caregivers lose $522 billion in wages every year. A study from Harvard Business School found that 80% of workers with caregiving responsibilities say productivity is affected by caregiving.
“Caregiving is an unsustainable crisis,” said Evan Falchuk, CEO of Family First. “It cries out for a bold, comprehensive solution that Family First delivers.”
Family First works by providing services to caregivers through an accredited professional. These Care Experts video call with families to help them work through problems, like medical issues and family dynamics, and gives them a plan to help solve them.