Fundraising Fox

Papa

Unicorn · $1.4BYC S18

Miami, US · Founded 2017 · 500 employees · 12 known investors

Papa is a platform that connects older adults and families with trained companion caregivers for in-home companionship and support services. The company addresses social isolation and helps reduce healthcare costs through human connection and community building.

Also known as Papa Inc · Papa Inc.

Founders & leadership· Y Combinator alumni (S18)

Papa was founded in 2017 by Andrew Parker and Alfredo Vaamonde.

APAndrew Parker
Andrew ParkerinFounder & CEOAndrew Parker began his career in sales in South Florida before joining MDLIVE in 2011, where he helped expand the telehealth platform to over 35 million members until 2017. He founded Papa to serve older adults and their families.
AVAlfredo Vaamonde
Alfredo VaamondeinCo-FounderAlfredo Vaamonde co-founded Papa, an elder-care technology company connecting older adults and families with companion caregivers. He previously launched a specialty pharmacy chain in Venezuela in 2005 and a platform to detect prescription abuse and waste in 2012, and later began working on MissionHires, an AI recruiting tool for talent teams.
BL
Byron LingNamed on SEC filing
CH
Charles HectorNamed on SEC filing

Board

FH
Fatima HusainBoard director

Investors · 12

Also in the syndicate · 3

CanaanSoftBank Vision Fund 2leadTCG

Reported raises · per SEC filings

Form D private placements

$199.2M disclosed across 5 of 7 rounds · 2017–2021

$107.5MraisedNov 2021 · 9 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Byron LingDirector
  • Charles HectorExecutive Officer
  • Alfredo VaamondeExecutive Officer, Director
  • Andrew ParkerExecutive Officer, Director
  • Fatima HusainDirector
Offering amount
$150M
Amount sold
$107.5M
First sale
Oct 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$60MraisedMay 2021 · 15 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Andrew ParkerExecutive Officer, Director
  • Alfredo VaamondeExecutive Officer, Director
  • Byron LingDirector
  • Fatima HusainDirector
  • Charles HectorExecutive Officer
Offering amount
$60M
Amount sold
$60M
First sale
Apr 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$18.2MraisedOct 2020 · 19 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Byron LingDirector
  • Charles HectorExecutive Officer
  • Alfredo VaamondeExecutive Officer, Director
  • Andrew ParkerExecutive Officer, Director
Offering amount
$18.2M
Amount sold
$18.2M
First sale
Aug 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$12.6MraisedNov 2019 · 13 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Andrew ParkerExecutive Officer, Director
  • Alfredo VaamondeDirector
  • Byron LingDirector
Offering amount
$12.6M
Amount sold
$12.6M
First sale
Aug 2019
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$852.8KraisedNov 2019 · 23 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Byron LingDirector
  • Alfredo VaamondeDirector
  • Andrew ParkerExecutive Officer, Director
Offering amount
$852.8K
Amount sold
$852.8K
Minimum investment
$10K
First sale
Jun 2017
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$1.4Bvaluation at Series DNov 2021
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Papa is a Miami-based company that operates a nationwide network of vetted, non-clinical companions called Papa Pals who provide in-home and telephonic support to older adults, other underserved populations, and families. Services include companionship, help with everyday tasks such as light housekeeping, laundry, meal prep and organization, errands and grocery or medication pickup, transportation to appointments, pet assistance, technology support, and help with children. Papa Pals are explicitly not clinical caregivers: no prior health care experience is required, and visits do not involve administering medication or hands-on physical care.

The offering is sold mainly as a benefit through health plans and employers. Papa serves Medicare Advantage, Medicaid and Special Needs Plan populations, and offers a whole-family benefit for employers aimed at supporting working caregivers. Beyond core companion care, Papa markets modular programs that can be added or purchased standalone: post-discharge support, care gap closure, digital enablement (helping members use portals, telehealth and benefit apps), Health Risk Assessment completion, and fall risk prevention via in-home Home Safety Assessments. These are unified under Papa Plus, which combines the Pal network with structured 'engagement pathways' and an at-risk pricing guarantee.

Papa positions itself as creating a new category of 'companionship care' addressing social determinants of health and loneliness. Company-cited studies report a 14% reduction in all-cause readmissions versus a matched cohort, a 6% higher composite Stars 'Managing Chronic Conditions' care gap closure rate versus a matched control group, and a 19% increase in primary care visits among high-risk members (2022 claims analyses and health plan study).

Founding story

Papa's founding is attributed to CEO Andrew Parker's family experience balancing daily obligations with support for his grandfather Joseph, whom the family called 'Papa.' Parker concluded his grandfather primarily needed a 'pal' for company and occasional help, and the company was founded on that premise in 2017. Parker had previously worked at MDLIVE from 2011, leaving in 2017 to focus on Papa full time. Alfredo Vaamonde is identified as a co-founder and now serves as a director on Papa's board.

Business model

Papa contracts primarily with organizations rather than individuals: health plans (Medicare Advantage, Medicaid, Special Needs Plans) and employers purchase Papa as a covered benefit for their members or employees, who then schedule visits at no direct cost through eligibility verification. Papa recruits, vets and pays a distributed network of part-time Papa Pals, who are paid a base rate of $13-$18 per hour plus bonuses and one-way commute mileage, averaging about $22 per hour. Papa's site notes it presently does not provide services directly to individual consumers for its health plan products, though a direct sign-up path at get.papa.com is referenced for individuals outside participating plans. For its Papa Plus quality layer, the company offers an at-risk pricing model, the 'Papa Promise,' that ties fees to guaranteed ROI on specific program outcomes.

Revenue derives from contracts with health plans, health systems and employers that make Papa available as a covered benefit; specific pricing is not disclosed in the sources. Papa Plus adds an outcomes-based, at-risk pricing component (the Papa Promise) that guarantees ROI tied to specific quality program results. Papa states it does not currently sell services directly to individual consumers through its health plan channel.

Traction

Company-reported traction includes more than 3 million cumulative visits across over 10,000 cities, thousands of active Papa Pals, and a team size of 500. As of November 2021, Papa was available to over 65 health plans (up more than 25 in seven months), served all 50 states, reported a Papa Pal visit starting on average every two minutes, and expected 26 additional health plans to begin January 1. At that time roughly 65% of visits were in person, the average Pal was 30 years old and about 20% were college students in nursing, premed or social work programs, and Papa reported identifying 10,000 member care gaps in a single quarter.

Latest developments

Papa's current site (copyright 2026) foregrounds Papa Plus, which unifies companion care with plan-directed quality programs and is described as built on learnings from more than 3 million visits. The company also publicizes an inaugural transparency report on safety and trust, and additional standalone programs including post-discharge support, care gap closure, digital enablement, Health Risk Assessment completion and fall risk prevention. Leadership listed includes Andrew Parker (Founder and CEO), Dani Bchara (President), Dr. Thomas Carlough (CTO), Austin Weaver (Chief Commercial Officer), Erich Gazaui (CIO), and a board including directors from SoftBank, Canaan Partners, Mastry and Vida Health.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Papa reached unicorn status with its November 2021 Series D at a $1.4 billion valuation and describes itself as having created the companionship care category. It reported availability to over 65 health plans and members in all 50 states as of late 2021, and states that dozens of health plans and employers work with it. Recognition cited by the company includes Fortune's 10 Innovators Shaping the Future of Health (2022), CB Insights Digital Health 150 (2021), Rock Health's Top 50 in Digital Health (2021), Y Combinator Top Companies (2022 and 2023) and a 2023 Stevie Award. No competitor set is identified in the available sources.

Papa emphasizes human, in-person 'last-mile' support rather than a purely digital product, describing itself as 'not another digital front door.' Distinguishing elements cited include a nationwide network of locally recruited, non-clinical Papa Pals drawn from members' own communities; a proprietary Papa Pal app for viewing, accepting and documenting visits; an in-house Care Center with a fulfillment team that fills 97% of visits; structured engagement pathways tied to specific health plan quality measures; and the Papa Promise at-risk pricing tied to outcomes. Papa states it created the category of 'companionship care.'

Technology

Papa describes a technology and analytics platform supporting a human service network. Core components are the Papa Pal app, through which Pals review and accept visits, access health plan resources and report feedback; member-facing online scheduling and an employer web platform; and technology-enabled 'engagement pathways' that act as playbooks for specific quality programs, with expanded data and resource integration and proactive communications. Onboarding technology includes identity verification via document upload and selfie plus background checks.

Go-to-market

Papa sells business-to-business, contracting with health plans and health systems and with employers offering it as a family-care benefit; its Papa Plus inquiry form is restricted to health plan and health system organizations. Members are acquired through plan or employer eligibility and enroll online or by phone. Supply-side go-to-market consists of recruiting part-time Papa Pals through its website and app, requiring a U.S. driver's license, an insured vehicle of model year 2010 or newer, identity verification, safety training and a background check. Marketing content includes research reports, case studies and a transparency report aimed at plan buyers.

Buyers are health plans (Medicare Advantage, Medicaid, Special Needs Plans), health systems, and employers. End users are older adults, other underserved or historically marginalized populations, family caregivers, and employees and their families. A separate supply-side audience is part-time workers seeking flexible gig work as Papa Pals.

Geography

United States only. Papa is headquartered in Miami, Florida, and its service is available nationwide, in person or by phone. As of November 2021 the company served members in all 50 states, and company materials cite visits across more than 10,000 cities.

History

Papa was founded in 2017 in Miami by Andrew Parker, who previously spent 2011-2017 at telehealth company MDLIVE. The company participated in Y Combinator's Summer 2018 batch. It launched a virtual care offering, Papa Health, connecting members with 'Papa Docs,' in late 2020, and partnered with Uber Health on member transportation in 2021. A $60 million Series C closed in April 2021 was followed in November 2021 by a $150 million Series D led by SoftBank Vision Fund 2 at a $1.4 billion valuation, bringing cumulative venture funding to $240 million. Between roughly April and November 2021 Papa added more than 25 health plans, reaching over 65 plans and coverage in all 50 states. The company subsequently expanded from core companion care into a set of health plan quality programs packaged as Papa Plus.

Risks & controversies

The sources reviewed do not describe litigation, regulatory actions or controversies. Structural considerations visible in the material include reliance on a non-clinical, part-time gig-style workforce paid $13-$18 per hour plus bonuses, dependence on a concentrated set of health plan and employer contracts, and outcome claims that rest largely on company-cited 2022 studies and claims analyses rather than independent evaluation.

Compiled by commissioned research from 11 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Average Papa Pal ageNov 202130 years
Average Papa Pal ageNov 202130 years
Average Papa Pal hourly earningsJan 2026$22
Average Papa Pal hourly earningsJan 2026$22
Average reduction in member lonelinessNov 202168%
Care gap closure lift (Stars Managing Chronic Conditions)Jan 20226%
Care gaps identified in quarterNov 202110,000 gaps
Care gaps identified in the quarterNov 202110,000 gaps
Cities servedJan 202610,000+ cities
Cumulative visitsJan 20263,000,000 visits
EmployeesJan 2026500 people
HeadcountAug 20261,085
Health plans servedNov 202165 health plans
Health plans servedNov 202165 health plans
Increase in primary care visits among high-risk membersJan 202219%
Reduction in all-cause readmissionsJan 202214%

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Images

Papa photo

Competitors · 3

by search overlap

Companies competing with Papa for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 19

launches, deals, and filings
Jan 2026
Papa Plus in-home support model

Papa Plus unifies companion care with plan-directed quality programs (post-discharge support, care gap closure, digital enablement, HRA completion, fall risk prevention) into a single model, including the 'Papa Promise' at-risk pricing tied to program outcomes. Date reflects presence of the offering on Papa's site as fetched.

source ↗

Jan 2023
Stevie Awards' Health Products & Services – Medium Company of the Year

source ↗

Jan 2023
Stevie Awards Health Products & Services – Medium Company of the Year

American Business Awards recognition for excellence in U.S. business.

source ↗

Jan 2023
Y Combinator Top Companies (2022 and 2023)

Listed among top Y Combinator-funded companies by valuation in 2022 and 2023.

source ↗

Jan 2022
Goldman Sachs' Most Exceptional Entrepreneurs

source ↗

Jan 2022
MAHP Pinnacle Award for Collaborative Community Health Initiatives: Medicaid

source ↗

Jan 2022
Named to Fortune's 10 Innovators Shaping the Future of Health

source ↗

Jan 2022
UCSF Digital Health Awards Best-in-Class Finalist, Mental and Behavioral Health

source ↗

Jan 2022
Fortune 10 Innovators Shaping the Future of Health

source ↗

Nov 2021
Papa raises $150M Series D led by SoftBank Vision Fund 2 at $1.4B valuation

Papa announced a $150 million Series D round led by SoftBank Vision Fund 2, with participation from TCG, Tiger Global Management, Canaan, Initialized Capital and Seven Seven Six, valuing the company at $1.4 billion and bringing total funding to $240 million. Proceeds were earmarked for adding partners and enhancing data and analytics.

$150M source ↗

Nov 2021
Papa reaches over 65 health plans and all 50 states

After adding more than 25 health plans in seven months, Papa reported availability through over 65 health plans and members in all 50 states across Medicare Advantage, Medicaid and employer plans, with 26 more plans set to begin January 1.

source ↗

Apr 2021
Papa raises $60M Series C

Papa closed a $60 million Series C funding round in April 2021, roughly seven months before its Series D.

$60M source ↗

Jan 2021
CB Insights Digital Health 150

source ↗

Jan 2021
Rock Health's Top 50 in Digital Health – Equity Advocate

source ↗

Jan 2021
Partnership with Uber Health

Papa teamed up with Uber Health to make it easier for older adults and their Papa Pals to reach medical appointments and other events.

source ↗

Jan 2021
Rock Health Top 50 in Digital Health – Equity Advocate

source ↗

Jan 2020
Launch of Papa Health virtual care program

Papa entered virtual care with Papa Health, which connects users with 'Papa Docs' in virtual visits; reported as launched late in the year prior to the November 2021 Series D coverage.

source ↗

Jan 2018
Participated in Y Combinator Summer 2018 batch

source ↗

Jan 2018
Y Combinator Summer 2018 batch

Papa participated in Y Combinator's Summer 2018 batch.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 11

primary sources listed
  • Papapapa.com · web
  • Papajoinpapa.com · web

11 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Papa do?
Papa runs a nationwide network of non-clinical 'Papa Pals' delivering companion care and in-home support via health plans and employers.
Who founded Papa?
Papa was founded by Andrew Parker, Alfredo Vaamonde in 2017.
Who are Papa's investors?
Papa's investors include Comcast Ventures, Integra Groupe, Magnify Ventures, SoftBank Vision Fund, The Chernin Group (TCG Crypto), Y Combinator, Axial VC, Sound Ventures and 1 more.
How much funding has Papa raised?
Papa has disclosed $199.2M raised across 5 of its 7 known rounds.
Where is Papa headquartered?
Papa is headquartered in Miami, US.