CareAcademy raised $20 million during its strategic investment round led by Goldman Sachs Asset Management. This funding will allow the company to provide millions of caregivers with the necessary skills to offer high-quality home and community-based care. Exbo Group provides ongoing, strategic financial diligence support to CareAcademy.

Key investors included MassMutual through the MM Catalyst Fund, Impact America Fund, Rethink Education, Unseen Capital and First Trust Capital Partners, LLC.

CareAcademy co-founder and CEO, Helen Adeosun, said, “This strategic investment positions CareAcademy to meet its ambitious goal of empowering 1 million caregivers by 2023. Caregivers across the entire long-term care continuum will access CareAcademy to meet not only their state and federal required training but also the needs of the patients and loved ones they support.” The company provides home care and home health organizations of all sizes with easy-to-use, web-based training.