AxisCare, a leading provider of home care management software, received a strategic investment from LLR Partners, a lower middle market private equity firm investing in software and tech-enabled companies.
The financial terms of the transaction were not disclosed. Houlihan Lokey served as the exclusive financial advisor to LLR Partners in this transaction.
Frontier Growth invested in AxisCare in 2024 and will remain an active partner and investor.
LLR Partners said that its investment will help further support product innovation and organizational buildout to better serve AxisCare’s growing customer base. As of today, AxisCare is serving more than 4,000 providers across all 50 states in the U.S. and seven countries worldwide.
AxisCare provides an end-to-end software platform that helps single and multi-location home care agencies manage scheduling, caregiver operations, electronic visit verification (EVV), client engagement, and core administrative workflows. The company also offers revenue cycle management (RCM) services to support billing and reimbursement for government payors, helping agencies navigate complex Medicaid and VA requirements.
LLR Partners’ investment in AxisCare builds on the firm’s history of partnering with home-based care technology businesses and reflects its conviction in the long-term growth of the market. “With 75% of adults ages 50+ saying they want to remain in their homes as they age, providers of all sizes increasingly need scalable solutions to help manage care delivery efficiently,” said PJ Cusack, Vice President at LLR Partners. “We believe AxisCare is well-positioned to meet those evolving needs.”
Digital health companies, including home care management software startups, have secured more than $180 billion in funding to date, according to our recent Funding Database.
More recently, Chromie Health, a developer of an AI-powered scheduling and staffing management platform for hospital operations, raised $2 million in a pre-seed round led by AIX Ventures.
In another deal, XCaliber Health, a developer of an agentic operating system purpose-built to reduce administrative burden and improve the quality of clinical care delivered to patients, raised $6.5 million in Seed funding.