A Place for Mom raises $175 million in growth funds

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Larry Kutscher

New York-based A Place for Mom has raised $175 million in growth funding, the company announced Monday.

The action came in a funding round led by New York-based global venture capital and private equity firm Insight Partners, with additional participation from existing investors General Atlantic, a global growth capital and technology investment firm Silver Lake.

The senior living and care consumer research platform said its fundraising was aimed at enabling the company to execute a broad, multi-year plan to accelerate growth “by investing to deliver a superior family experience. and deepen its relationships with communities of older people”.

“Our business grew by 30% in 2021, and we are still in the early stages of our transformation. We are fortunate to have three world-class partners – Silver Lake, General Atlantic and Insight Partners – who share our enthusiasm and confidence in our vision, plan and ability to execute,” said CEO Larry Kutscher.

A Place for Mom is currently valued at over $1 billion, Bloomberg reported. In business for 21 years, its network includes over 14,000 senior care and residential providers, over 2,000 home care providers and 250,000 consumer reviews. More than 2 million families have used the service, which is free for families and paid for by providers.

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