KareCall

KareCall

Virtual AI Caregiver for Home Care

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Security Type
Equity
Min Investment
$500
Location
Coral Springs, FL
Offering Date
July 30, 2018
Expected Close Date
October 30, 2018
Target Raise
$10.00K-$1.07M
Deal Notes
  • Type of Security Offered: Preferred Membership Unit
  • Purchase Price of Security Offered: $1.00
  • Minimum Investment Amount (per investor): $500
  • Maximum 1,070,000* of Preferred Membership Units ($1,070,000)
  • Minimum 10,000 of Preferred Membership Units ($10,000)
Valuation
$2,400,000

Company Description

Karecall is a 'virtual caregiver' that assists home healthcare providers by calling their patients and having a telephone conversation with them about how they are feeling. If our KareCall ‘phone robot’ hears an answer that is concerning, we are able to alert the agency clinician that helps care for them. We believe we are the missing connector for an industry that largely remains small and private. Our goal is to supplement these Home Health Care agencies with our electronic services and give them the opportunity to develop new sales and extend the relationship patient life-cycle by bringing patients into their eco-system before they need in-home caregivers. We believe KareCall disrupts the traditional method and timing of intake and revenue stream. Your investment will help us bring our unique, low-cost service to Private Pay Home Care agencies and help increase the health and well-being of their current and future patients!

Key Deal Facts

Easy to use & implement
HIPAA compliant & secure
Increased quality of care through increased contact with patient
Reduced hospital admissions
Low cost subscription and usage based pricing
Automated patient interface requires nothing but a telephone
Customizable and flexible questions, alerts, communication methods.
Automated processes with “Response Driven” follow-up technology

Use of Proceeds

The net proceeds of this offering, whether the minimum target amount or the maximum amount is reached, will be used to cover part of the $600,000 thousand that we project we will need in 2018 and 2019 to build on our business development efforts of the past year. Specifically, we intend to invest in direct B2B marketing, digital and social media and make improvements to our B2B fulfillment websites. General and Administrative funds are intended for employee salaries, rent, utilities, mailings and customer visits. Infrastructure funds are intended for office furnishings, computers and telephone equipment. Working Capital funds are intended for general expenses and unexpected costs for sales and growth and other cash and accounts payable. Marketing funds are intended for sales salaries and commission, literature and advertising, and other collateral materials to subscribe agencies and produce revenues. The identified uses of proceeds are subject to change at the sole discretion of the executive officers and directors based on the business needs of the Company. 

Management Team / Advisory Board Bios

Jeff Chaskin
CEO/CMO, Founder
Mr. Chaskin is a Serial Entrepreneur, Technology developer and integrator. Mr. Chaskin has 35 years in Healthcare and Telecom markets. He has developed businesses with Sprint, GatewayUSA and was the founder Ursus Telecom, a start-up resulting in a NASDAQ IPO. Mr. Chaskin holds 3 patents in the manufacturing sector and developed and manufactured specialty batteries from 2004 until 2007 at which time the company was acquired.

Peter Hubshman
COO/CFO
Mr. Hubshman is a business, startup, and corporate finance professional with over 25 years of operations and management experience. He was a founding team member of NY LBO fund, First Atlantic Capital where he was responsible for establishing deal flow, fund accounting, and field due diligence. He is also the former CEO of Internet Real Estate Group where he was responsible for acquisition, development and sale of Internet domains like CreditCards.com, Phone.com, and Luggage.com. From January 2007 until joining KareCall in March of 2018, Mr. Hubshman was Managing Director of Always Live Online, LLC, a management consulting practice assisting startups and growth stage businesses with financial and operational matters. Mr. Hubshman's primary job is CFO.

Deal Notes

  • Type of Security Offered: Preferred Membership Unit
  • Purchase Price of Security Offered: $1.00
  • Minimum Investment Amount (per investor): $500
  • Maximum 1,070,000* of Preferred Membership Units ($1,070,000)
  • Minimum 10,000 of Preferred Membership Units ($10,000)
Amount Raised : $5,510
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Security Description

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