Caremerge, makers of a care coordination software for seniors in assisted living facilities, raised $4 million in its first institutional round of funding. Cambia Health Solutions led the round and Generator Ventures, GE Ventures, Arsenal Venture Partners and the Ziegler-LinkAge Longevity Fund also contributed. Caremerge previously raised $2 million from angel investors in July 2013 and has participated in several accelerators including StartUp Health’s collaboration with GE and eldercare-specific accelerator Aging 2.0.
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