UChicago spinout NowPow has been acquired by Unite Us for an undisclosed amount.
NowPow, a US-based care referral platform spun out of University of Chicago, was purchased by social care network operator Unite Us for an undisclosed sum yesterday.
The combined companies hope to eliminate fragmentation between health and social care providers, tackling societal challenges such as caregiver support, counselling, food and housing assistance.
Founded in 2015, NowPow runs a referral platform that connects people to the care they need. The spinout has expanded across 14 US states and Washington DC, with a client range covering health systems to community health centres.
It was founded by chief innovation officer Stacy Lindau, the Catherine Lindsay Dobson professor of obstetrics and gynaecology and professor of medicine-geriatrics.
NowPow raised a total of $4m in friends and family funding and loans, according to ChicagoInno, but further details could not be ascertained.
Lindau said: “NowPow’s roots are on the south side of Chicago where residents, leaders, caregivers and scientists have collaborated to ensure everyone seeking support can find the resources they need for independence, wellness, living with illness and caring for others.
“Needs are rising fast and our partnership with Unite Us accelerates our shared vision to ensure everyone, everywhere knows where to go for resources in their community.”
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
