Magicare AI (formerly Exponential), a developer of an agentic operating software system for post‑acute care providers, raised $3.6 million in a pre-seed funding round led by Mana Ventures.
Headquartered in Bergenfield, New Jersey, Magicare AI is inventing what it calls the first “Agentic Operating System” specifically for the post-acute care industry.
Magicare’s CEO, Daniel Schoenbrun, said Magicare has partnered with CareOne, Lionstone, and Vivage-Beecan to co-innovate AI solutions aimed at reducing $100 billion in annual administrative waste and addressing critical staffing shortages in the post-acute care sector.
Daniel Schoenbrun said these strategic partnerships focus on utilizing operator-led feedback to improve efficiency, increase census through faster admissions, and ensure regulatory compliance.
Digital health companies, including post‑acute care software startups, have secured more than $180 billion in funding to date, according to our recent Funding Database.
More recently, Joyful Health, a provider of AI financial infrastructure for healthcare revenue operations, raised $17 million in Series A funding to build a financial operating system for healthcare providers.
In another deal, Keebler Health, a clinical documentation startup, raised $16 million in a Series A funding round to accelerate commercial growth in the US. Including the Series A round, Keebler Health has raised $23 million to date.