Key Takeaways
- Abby Care raised an $82 million Series C led by Transformation Capital, with CVS Health Ventures, Frist Cressey Ventures and Pivotal Ventures as new investors.
- Abby Care trains family members to become certified, paid caregivers and operates as a Medicaid provider, working with health plans to arrange care at home.
- The round is about 1.8 times the $45 million Abby Care had raised in total before it, according to Forbes, bringing disclosed funding to about $127 million.
- Abby Care operates in eight of the 37 states that Forbes says support this kind of family care.
Abby Care raises $82 million in a Series C led by Transformation Capital, Fortune reported on October 15, 2026. Abby Care, founded by Havi Nguyen, is an AI-native home care startup that trains family members to become certified, paid caregivers and operates as a Medicaid provider.
CVS Health Ventures, Frist Cressey Ventures and Pivotal Ventures joined as new investors. Existing investors Khosla Ventures, Thrive Capital and Sequoia also put in more. Nguyen announced the round on LinkedIn, where she said Abby Care's members had 40%+ fewer reported hospitalizations in year one, a figure the company reports itself.
How Abby Care Pays Family Caregivers Through Medicaid
Abby Care is an AI-native home care company. It trains a parent, spouse or other relative to become a certified caregiver, then employs and supports that person while they care for the patient at home. Nguyen founded the company in 2022, according to Fortune. As a child of parents who immigrated from Vietnam, she translated at doctors' appointments and handled the family's Medicaid paperwork.
The idea came from the families themselves. "Parents were always willing to raise their hand and step up," Nguyen told Fortune. Maria Villegas Corrales, a mother in Colorado whose daughter Mia needed open heart surgery and a pacemaker, became a paid caregiver through Abby Care after Mia's surgery in June 2024. She described how little help families often get when a medically complex child leaves the hospital. "Sometimes they just give you a little bag to go home and figure it out," Corrales said.
A July profile in Forbes reported that Abby Care operates in eight states, including Colorado, Pennsylvania, New Jersey and Florida, and booked $15 million in revenue in 2025. Forbes also reported $45 million in total funding. In Colorado, Abby Care caregivers earn at least $20 per hour.
Why an $82 Million Bet on Family Caregiving Matters for Medicaid Home Care
The new round is about 1.8 times everything Abby Care had raised before, using the Forbes total of $45 million. Together the two figures put disclosed funding at about $127 million. The round is also about 5.5 times the company's 2025 revenue.
Investors are betting on a staffing gap. Justin Brock, a general partner at CVS Health Ventures, pointed to private duty nursing for patients with complex needs: "A traditional private duty nurse program only fills 65% of authorized shifts, which is crazy," he told Fortune. By that measure, about 35% of the shifts a patient is approved for go unstaffed. Family members are already in the home to cover them.
The room to grow is set by state Medicaid programs. Forbes reported that 37 states offer support for the kind of care Abby Care provides, and the company works in eight of them, about 22 percent. Forbes also noted the risk of building on Medicaid: abrupt policy changes can upend the business model. WYDE has reported on what SNAP and Medicaid cuts mean for the families who rely on them. Large donors are also funding care at home, such as the $20 million gift to Dartmouth Health for at-home care.
Nguyen framed the raise around scale. In her LinkedIn post she wrote that the work is worth it "for the 60 million family caregivers waiting for care, it's a fight worth fighting."
People Also Ask
How much did Abby Care raise?
Abby Care raised an $82 million Series C in October 2026, led by Transformation Capital. Forbes had reported $45 million in total Abby Care funding before the round, which puts disclosed funding at about $127 million.
What does Abby Care do?
Abby Care trains family members to become certified, paid caregivers for relatives with complex medical needs. Abby Care operates as a Medicaid provider and works with health plans to arrange care at home.
Can you get paid to care for a family member through Medicaid?
In many states, yes. Forbes reported that 37 states offer support for the kind of family care Abby Care provides, and Abby Care caregivers in Colorado earn at least $20 per hour.
Who founded Abby Care?
Havi Nguyen founded Abby Care in 2022, according to Fortune, and is its CEO. Havi Nguyen grew up handling Medicaid paperwork for her family.
Sources: Fortune, LinkedIn, Forbes Colombia.