UWM Research Foundation supported startup TCARE, Inc. has a Successful Funding Round
On September 17th, TCARE announced it had closed a $3 million financing round led by SixThirty Ventures, Aflac Ventures, BlueCross BlueShield MN, Blu Ventures, Village Capital, Connetic Ventures and Gener8tor Fund. “TCARE is a great example of applying research at UWM and translating it into a private startup,” stated Troy Vosseller, co-founder of Gener8tor. “TCARE is solving a market problem, but its underpinnings are rooted in the academic research of Dr. Rhonda Montgomery who explored the interplay of burnout and caregiving.”
Dr. Rhonda Montgomery is emerita professor at the Helen Bader School of Social Welfare at UWM. She launched an LLC entity in 2012 at UWM, based on research partnerships that she formed with various state agencies. She developed a copyrighted family caregiver support platform which helps to identify and prevent burnout of family caregivers, reduces long-term care usage, and aids to delay placement of family members into nursing homes. Dr. Montgomery’s thirty years of research has proven the importance of identifying the needs of the family caregiver and matching those caregivers with the right resources to maintain their own health and well-being. TCARE has shown that if we can keep our sick and elderly family members comfortable at home while preventing our caregivers from struggling, this can reduce the financial burden on the healthcare and long-term care industries.
In 2017, Dr. Montgomery joined forces with Ali Ahmadi (CEO), a serial entrepreneur, and together they incorporated TCARE Inc. which partners with insurance providers across the nation like Blue Cross Blue Shield, Cigna, Anthem, and UnitedHealthcare.
Reflecting on TCARE’s recent success, Dr. Montgomery said, “The transition of TCARE from a research project into a thriving and growing company has been a long journey that reflects the work, skills and perseverance of many team members. This journey would not even have begun without the early support of the Helen Bader School of Social Welfare and the UWM Research Foundation. The TCARE team has also benefited from participation in several start-up accelerator, including Gener8tor, that have helped the team identify and obtain new clients and partnerships.”
For more information about TCARE, please visit their website.