The hospice care industry in the US focuses on providing compassionate end-of-life care for patients with terminal illnesses. It includes organizations such as independent hospice companies, healthcare systems with hospice services, and specialized palliative care providers. These companies offer services ranging from pain management and emotional support to respite care for families. In recent years, there has been a shift toward home-based hospice care, reflecting patients' preferences for staying at home during their final days. This trend is likely to gain momentum, driven by advances in telehealth and technology, enhancing access to quality care for those in need.


The listed hospice care investors encompass a range of venture capital firms and corporate entities. Headquartered primarily in San Francisco, California, some investors were founded as far back as 1977. Collectively, they have engaged in numerous deals throughout 2024, showcasing their commitment to advancing the hospice care industry. With firms like Y Combinator and Humana Inc. making a mark, these investors reflect varied scales and strategic focuses, underscoring the growing interest in enhancing services and solutions in this sector.


Top 14 Hospice Care Investors in the US


1. Government of Canada

  • Website: canada.ca
  • Type: Corporate
  • Headquarters: Canada, Kentucky, United States (USA)
  • Founded year: 1999
  • Headcount: 10001+
  • Number of deals in 2024: 137
  • LinkedIn: government-of-canada

The Government of Canada is a public entity that provides a wide range of services and information to Canadian citizens and residents, addressing various needs including employment, immigration, health care, and taxation. Founded in 1999, it operates through multiple departments and agencies to ensure access to essential services and support for individuals and businesses across the country. In 2024, the Government of Canada has been involved in several significant transactions within the hospice care sector, providing grants to organizations such as Hospice of Elgin, Maison René-Verrier, and Roger Neilson Children's Hospice, which raised $731,663. These transactions highlight the government's role in supporting hospice care initiatives, reflecting its commitment to enhancing health care services for Canadians.


2. Y Combinator

  • Website: ycombinator.com
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2005
  • Headcount: 51-200
  • Number of deals in 2024: 802
  • LinkedIn: y-combinator

Y Combinator is a prominent startup accelerator and venture capital firm based in San Francisco, California, founded in 2005. It specializes in providing funding and mentorship to early-stage technology companies, having successfully launched over 4,000 startups. Y Combinator operates a structured program that offers resources such as the Startup School and co-founder matching services. Among its notable investments, Y Combinator has backed companies like Heyday Health, which focuses on health services, and Papa, which provides companionship and assistance to seniors, both of which are relevant to the hospice care context. Additionally, their investment in Synapticure, a teleneurology company that supports ALS patients, further highlights their engagement in healthcare solutions that could intersect with hospice care needs. This diverse portfolio positions Y Combinator as a key player in the healthcare startup ecosystem, particularly in areas that may benefit hospice care.


3. Deep Tech Fund (an Alumni Ventures Fund)

  • Website: av.vc
  • Type: Venture Capital
  • Headquarters: Manchester, New Hampshire, United States (USA)
  • Founded year: 2023
  • Headcount: 51-200
  • Number of deals in 2024: 258
  • LinkedIn: deep-tech-fund-av-focused-fund

The Deep Tech Fund (an Alumni Ventures Fund) is a venture capital firm based in Manchester, New Hampshire, founded in 2023. It provides accredited investors and institutions with access to professionally-managed, diversified venture portfolios, leveraging a network of over 10,000 investors to connect them with high-quality investment opportunities in the startup ecosystem. The fund has been involved in several notable transactions relevant to the hospice care context, including a $20 million investment in CareLinx, a platform that connects families with caregivers, and a $35 million investment in The Helper Bees, which focuses on helping elderly individuals avoid care homes through technology. These investments highlight the fund's commitment to supporting innovations that enhance care for the elderly, aligning with the goals of hospice care.


4. Plug and Play Tech Center


Plug and Play Tech Center is an innovation hub and venture capital firm based in Sunnyvale, California, founded in 2006. They connect startups with corporations to foster growth and innovation, primarily targeting businesses in the technology sector. In 2024 alone, they have made 253 investments, showcasing their active role in the venture capital landscape. Among their notable transactions, they invested in Pal, which focuses on improving palliative care, and TCARE, a platform that supports caregivers. These investments highlight their engagement in the healthcare space, particularly in areas that intersect with hospice care, making them a significant player in this sector.


5. 500 Global

  • Website: 500.co
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2010
  • Headcount: 201-500
  • Number of deals in 2024: 98
  • LinkedIn: 500-startups

500 Global is a venture capital firm and startup accelerator based in San Francisco, California, founded in 2010. The firm specializes in investing in early-stage technology companies, providing funding, mentorship, and resources to help founders scale their businesses. In the context of hospice care, 500 Global has made notable investments in companies such as hometouch, which focuses on home care services, and Wecare247, which offers healthcare solutions. Additionally, their investment in Ameen Care, a company that provides healthcare services, further emphasizes their interest in the healthcare sector. These transactions highlight 500 Global's engagement with innovative startups that are relevant to the hospice care industry, showcasing their potential to contribute to advancements in this field.


6. New Enterprise Associates (NEA)

  • Website: nea.com
  • Type: Venture Capital
  • Headquarters: Menlo Park, California, United States (USA)
  • Founded year: 1977
  • Headcount: 51-200
  • Number of deals in 2024: 57
  • LinkedIn: new-enterprise-associates

New Enterprise Associates (NEA) is a prominent venture capital firm based in Menlo Park, California, founded in 1977. NEA specializes in investment management and advisory services for startups, particularly in the technology and healthcare sectors. The firm partners with entrepreneurs to provide funding and strategic guidance, helping them navigate the challenges of building successful businesses. NEA operates through a collaborative approach, emphasizing long-term relationships with founders. Notably, NEA has been involved in significant transactions within the healthcare space, including their investment in Spiras Health, which raised $14 million to enhance in-home and virtual healthcare solutions for patients with complex chronic conditions. Additionally, NEA's early investment in Encompass Health Corp. highlights their engagement in the healthcare sector, which is relevant to hospice care. Their portfolio reflects a commitment to improving patient care and addressing complex health needs, making them a relevant player in the hospice care investment landscape.


7. General Catalyst


General Catalyst is a venture capital firm founded in 2000, based in San Francisco, California. The firm specializes in early-stage and growth investments, providing capital and strategic guidance to startups across various industries, including technology and healthcare. In recent years, General Catalyst has been involved in several notable transactions within the healthcare sector. For example, they participated in a $200 million funding round for HarmonyCares, which is likely focused on providing care services, potentially including hospice care. They also co-led a $50 million Series B funding round for Homeward Health, a company dedicated to improving healthcare access in rural areas, which may include services relevant to hospice care. Additionally, their investment in Jasper Health and Rippl Care further demonstrates their commitment to healthcare innovation, making them a significant player in the healthcare investment landscape.


8. Gaingels

  • Website: gaingels.com
  • Type: Venture Capital
  • Headquarters: Burlington, Vermont, United States (USA)
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 60
  • LinkedIn: gaingels

Gaingels is a venture capital firm founded in 2015, based in Burlington, Vermont, dedicated to investing in companies with diverse leadership. The firm provides capital and support to startups, particularly those led by underrepresented groups, to foster diversity and inclusion in the innovation economy. Gaingels also offers scholarship programs and advisory services to enhance board diversity. Notably, they have invested in healthcare-related companies such as Citus Health, which focuses on improving care delivery, and Pair Team, which aims to expand access to healthcare services for Medicaid's most vulnerable patients. These transactions highlight Gaingels' commitment to supporting innovative solutions in healthcare, making them a relevant player in the hospice care sector.


9. Silicon Valley Bank

  • Website: svb.com
  • Type: Venture Capital
  • Headquarters: Santa Clara, California, United States (USA)
  • Founded year: 1983
  • Headcount: 5001-10000
  • Number of deals in 2024: 31
  • LinkedIn: silicon-valley-bank

Silicon Valley Bank is a commercial bank founded in 1983, specializing in providing financial services to the innovation economy, particularly tech startups and venture capital firms. With a focus on business banking, global payments, and asset management, SVB helps clients navigate financial challenges and support their growth. In recent years, SVB has participated in several significant transactions within the healthcare sector, including a notable investment in DispatchHealth, which raised $330 million in a Series E funding round in November 2022. DispatchHealth is a company that provides in-home healthcare services, which is relevant to the hospice care industry. Additionally, SVB was involved in the funding of Kenbi, a care-tech startup, indicating their interest in technology solutions that can enhance care delivery. These transactions highlight SVB's engagement in the healthcare space, making them a potential player in the hospice care investment landscape.


10. Liquid 2 Ventures

  • Website: liquid2.vc
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2015
  • Headcount: 1-10
  • Number of deals in 2024: 91
  • LinkedIn: liquid-2-ventures

Liquid 2 Ventures is a venture capital firm based in San Francisco, California, founded in 2015. The firm specializes in investing in technology startups at the pre-seed and seed stages, as well as growth-stage companies. They provide capital, mentorship, and access to a vast network of industry insiders to help founders navigate their entrepreneurial journeys. In the context of hospice care, Liquid 2 Ventures has made notable investments in companies such as Pine Park Health, which raised funds in a seed round in July 2020 and focuses on home-based healthcare services. They also invested in Gem Health, which raised $3 million in March 2022, and Kivo Health, which raised funds in both pre-seed and seed rounds in 2022 and 2023, respectively. These transactions highlight their engagement in the healthcare sector, particularly in areas that could intersect with hospice care services.


11. CVS Health

  • Website: cvshealth.com
  • Type: Corporate
  • Headquarters: Woonsocket, Rhode Island, United States (USA)
  • Founded year: 1963
  • Headcount: 10001+
  • Number of deals in 2024: 13
  • LinkedIn: cvs-health

CVS Health Corporation is a healthcare provider based in Woonsocket, Rhode Island, offering a wide range of services including retail pharmacy, health insurance through Aetna, and health services via MinuteClinic. Founded in 1963, CVS Health serves consumers by providing accessible healthcare solutions and wellness products through its extensive network of pharmacies and clinics. In 2024, CVS Health Ventures made significant investments in companies that are relevant to the hospice care context, such as WellBe Senior Medical, which focuses on senior care, and Monogram Health, which provides in-home care management for patients with chronic conditions. Additionally, CVS Health's investment in Thyme Care, which raised substantial funding, further emphasizes their interest in enhancing healthcare services for patients with serious health issues. These transactions highlight CVS Health's strategic focus on improving care for aging populations and those with complex health needs, making them a relevant player in the hospice care industry.


12. Humana Inc.


Humana Inc. is a health insurance provider based in Louisville, Kentucky, founded in 1964. The company offers a wide range of health insurance products, including Medicare, dental, vision, and Medicaid plans, serving individuals, families, and businesses. Humana focuses on providing comprehensive health services and wellness programs to enhance the health and well-being of its members. Notably, Humana has made significant investments in the hospice care sector, including the acquisition of Enclara Healthcare in December 2019, which is a hospice pharmacy and benefit management provider. This acquisition is expected to enhance Humana's capabilities in hospice care. Furthermore, in October 2021, Humana acquired the remaining 60% of Kindred at Home for $8.1 billion, which included hospice services, although they later divested some of these operations. These transactions highlight Humana's active role in the hospice care industry, making it a relevant investor in this space.


13. Optum Ventures

  • Website: optumventures.com
  • Type: Venture Capital
  • Headquarters: Boston, Massachusetts, United States (USA)
  • Founded year: 2017
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: optumventures

Optum Ventures is a venture capital firm founded in 2017, based in Boston, Massachusetts, specializing in healthcare investments. They partner with innovative entrepreneurs to provide funding and strategic support for transformative healthcare solutions. Their focus is on enhancing healthcare through technology and services, primarily serving startups in the healthcare sector. Notable transactions include a $32.5 million investment in Contessa, which provides hospital-at-home services, and participation in Vesta Healthcare's funding round, a company that collaborates with home care agencies. These investments reflect Optum Ventures' commitment to improving healthcare delivery, including potential applications in hospice care.


14. Kkr

  • Website: kkr.com
  • Type: Private Equity
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1976
  • Headcount: 1001-5000
  • Number of deals in 2024: 74
  • LinkedIn: kkr

KKR & Co. Inc. is a prominent investment firm based in New York, specializing in private equity, credit, infrastructure, and real estate. Founded in 1976, KKR has established itself as a leader in asset management, providing tailored solutions to institutional investors and individual clients. The firm has a global reach and leverages its extensive expertise to navigate complex investment landscapes. Notably, KKR has made significant investments in the healthcare sector, particularly in hospice care-related companies. In 2019, KKR acquired BrightSpring Health Services, a provider of home and community-based health services, which includes hospice care. This acquisition was followed by a secondary acquisition of shares in BrightSpring in 2024, further solidifying KKR's stake in the company. Additionally, KKR acquired PharMerica Corporation in 2017, a company that provides pharmacy services to healthcare facilities, including those offering hospice care. These strategic investments highlight KKR's commitment to the healthcare industry and its potential role in the hospice care market.



Hospice Care Insights: Key Investors in the US


InvestorHeadquarterSizeFoundedDeals 2024
Government of CanadaCanada, Kentucky, United States (USA)10001+1999137
Y CombinatorSan Francisco, California, United States (USA)51-2002005802
Deep Tech Fund (an Alumni Ventures Fund)Manchester, New Hampshire, United States (USA)51-2002023258
Plug and Play Tech CenterSunnyvale, California, United States (USA)501-10002006253
500 GlobalSan Francisco, California, United States (USA)201-500201098
New Enterprise Associates (NEA)Menlo Park, California, United States (USA)51-200197757
General CatalystSan Francisco, California, United States (USA)51-2002000144
GaingelsBurlington, Vermont, United States (USA)11-50201560
Silicon Valley BankSanta Clara, California, United States (USA)5001-10000198331
Liquid 2 VenturesSan Francisco, California, United States (USA)1-10201591
CVS HealthWoonsocket, Rhode Island, United States (USA)10001+196313
Humana Inc.Louisville, Kentucky, United States (USA)10001+196416
Optum VenturesBoston, Massachusetts, United States (USA)11-5020177
KkrNew York, New York, United States (USA)1001-5000197674


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