Abby Care, a San Francisco startup that trains family members to become certified and paid home caregivers, has raised an $82m Series C round led by Transformation Capital. Fortune first reported the round on 15 October 2026.
New investors CVS Health Ventures, Frist Cressey Ventures and Pivotal Ventures joined the round. Existing backers Khosla Ventures, Thrive Capital and Sequoia Capital invested again.
The company did not disclose its valuation, its revenue or how much it has raised in total.
“We're ultimately here to make them feel like they can thrive and succeed.”Havi Nguyen, Founder and CEO, Abby Care
What Abby Care does
Abby Care operates as a Medicaid provider and works with state Medicaid programs and health plans to arrange care at home for people who qualify for home-care benefits. Instead of sending agency staff, it trains a relative of the patient to become a certified caregiver, pays them for the work and supports them after certification.
The model addresses a staffing gap in home care. Justin Brock, a general partner at CVS Health Ventures, told Fortune that a traditional private duty nursing programme fills only 65% of the shifts it is authorised to provide.
Fortune's report featured a mother in Colorado whose daughter had undergone open heart surgery, who described being sent home from hospital with little more than a bag of supplies and left to work things out.
Who is behind it
Abby Care was founded in 2022 by Havi Nguyen, its chief executive. According to Fortune, Nguyen grew up as the eldest daughter of a Vietnamese immigrant family and often translated at doctor's appointments and handled Medicaid paperwork for her relatives as a child.
At 21 she joined an early-stage health tech company focused on therapy for children with autism, where she saw a shortage of therapists and technicians during the Covid-19 pandemic. That experience led to Abby Care.
"We're ultimately here to make them feel like they can thrive and succeed," Nguyen told Fortune, speaking about the family caregivers. She also argued that the companies most likely to succeed in the sector will be those that design the care model itself.
Who invested
Transformation Capital led the round. CVS Health Ventures, Frist Cressey Ventures and Pivotal Ventures are new to the cap table, while Khosla Ventures, Thrive Capital and Sequoia Capital, which backed the company earlier, increased their investment.
Brock told Fortune that possible competitors include existing home health agencies and caregiver education platforms.
Value Add VC pointed out that Abby Care's growth depends on Medicaid policy, which varies from state to state, a risk that health startups selling directly to consumers do not face. The company has not said how many family caregivers it has certified or in which states it currently operates.
The funding so far
Khosla Ventures, Thrive Capital and Sequoia Capital were already investors before the Series C, but the sources used here do not give the size or dates of Abby Care's earlier rounds, and the company did not say how much it has raised in total.
Abby Care also did not say how it will spend the new money. Its model depends on health plans and state Medicaid programmes paying for the care that family caregivers provide.
Company website: abbycare.org