CareRing, a Nursing Service Startup, Secures 40 Billion KRW Investment

Achieved Cumulative Investment of 75 Billion KRW
Investment in Nationwide Integrated Home Care Infrastructure 구축

Caring, a startup providing nursing care services, announced on the 26th that it has secured 40 billion KRW in Series B funding. With this, Caring has achieved a total cumulative investment of 75 billion KRW.

This round was led by SV Investment, with new participants including Korea Development Bank, IMM Investment, and Eugene Asset Management. Existing investors LB Investment, Hyundai Investment Partners, Quantum Ventures Korea, and Arc Impact Asset Management also made follow-up investments.

With this funding, Caring plans to focus on building an integrated home care infrastructure promoted by the Ministry of Health and Welfare. The integrated home care service allows recipients to receive various services such as day and night care, home care, bathing, nursing, and short-term care provided under the Long-Term Care Insurance for the Elderly in their local communities.

Kim Taesung, CEO of Caring, said, “We will innovate the market by establishing a nationwide nursing care infrastructure so that seniors can receive care where they want. Based on optimized nursing service operation know-how and years of accumulated senior care experience, we will leap forward as a total senior lifestyle company encompassing mobility, meals, medical care, housing, and commerce.”