Source: MedTech Dive

GEOH, a leading provider of end-to-end software solutions for home care, has successfully closed a $3M Series Seed Plus funding round. This round was led by Boomerang Ventures, contributing $2M, with additional investments from VisionTech Partners, First Leaf Capital, Digital Venture Partners, and individual investors. The new funding will accelerate GEOH’s growth into new market segments, support geographic expansion, and enhance its technology offerings.

GEOH’s innovative software streamlines the tracking and documentation of client visits, improving operations for caregivers and administrators. CEO Tom Bumgardner expressed excitement about the support from investors, noting that the funding will enable GEOH to expand into skilled care, broaden its geographic reach, and enhance its tech-enabled platform. Boomerang Ventures’ Founder & Managing Partner, Oscar Moralez, praised GEOH’s progress since their initial investment in 2022, emphasizing the company’s significant market impact.

Additionally, the funds will support strategic mergers and acquisitions and the growth of GEOH’s workforce across key divisions, including sales, marketing, development, and services. GEOH plans to leverage artificial intelligence to improve both skilled and non-skilled care services, focusing on administrative efficiencies and advanced reporting capabilities. The company has experienced tremendous growth, with a nearly fourfold increase in revenue compared to the previous quarter and the same period last year. GEOH is committed to innovation and excellence, positioning itself as an emerging leader in the home care software industry.

Source: MedTech Dive