Abby Care Raises $82 Million Series C Led by Transformation Capital to Turn Family Members Into Paid Caregivers

Millions of family members already care for a sick child or relative at home without pay or training. Abby Care, an AI-native home care company, built a business around training them as certified caregivers, and it has now raised an $82 million Series C, as reported by Fortune on October 15, 2026.

Transformation Capital led the round. CVS Health Ventures, Frist Cressey Ventures and Pivotal Ventures joined as new investors, and existing investors Khosla Ventures, Thrive Capital and Sequoia added to their positions.

How the Model Works

Abby Care operates as a Medicaid provider and trains family members to become certified, paid caregivers, then supports them afterward. It works with health plans to arrange care at home for families who need it. Founder and CEO Havi Nguyen started the company in 2022 after seeing a shortage of therapists and technicians while working at a health startup focused on autism therapy.

The idea is that the person who already lives with a patient is often the one best placed to give care. By paying and training that person, the company aims to fill gaps that agencies struggle to cover.

The Investor Argument

Justin Brock, a general partner at CVS Health Ventures, told Fortune that a traditional private duty nursing program fills only about 65% of authorized shifts, which leaves many medically complex patients without steady coverage. He also noted there are tens of millions of family caregivers in homes, and that there are many possible competitors, including home health agencies and caregiver education platforms.

Brock's figure is one investor's statement, not an independent measurement, so it should be read as the argument for the market and not as proof of Abby Care's results. The reporting did not give revenue or growth figures for this round.

Where Abby Care Has Been

Earlier reports described a $35 million financing in 2025 and a valuation of about $225 million at that time, along with operations in eight U.S. states and about $15 million of revenue in 2025. Those figures come from earlier coverage and not from the latest round.

What This Means for Founders

Abby Care shows how a company can build a new category by changing who does the work, not only by adding software. It depends on health plans and state Medicaid rules, which means its growth is tied to regulators and payers as much as to customers.

If you are raising a Series A or later round in a regulated field, show who pays, how long approvals take and what happens if rules change. Ask each lead investor what experience it has with payers, and consider the dilution of a large round before you set your target.

Read the baseline mechanics of a limited partner if the term is new, or explore active capital on AngelLinx @ angellinx.ai/register.

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