Citi Foundation
Citi Foundation, established in 2020, is a New York-based venture capital firm that invests in U.S.-based private sector companies addressing societal challenges. Through its $500 million Impact Fund, it makes equity investments, typically co-investing with other venture capital firms, in companies demonstrating proof of concept and potential for scale. The Foundation focuses on four verticals: the future of work, climate resilience, financial inclusion, and social infrastructure. It prioritizes investing in businesses led or owned by women and minorities, aiming to bridge gender and race gaps in the VC-funded startup world. Additionally, it has committed $50 million to the Black Entrepreneurs Investment Initiative, supporting tech-enabled ventures led by black founders to reduce the racial wealth gap.
Past deals in Rhode Island
Intus Care
Funding Round in 2024
Intus Care, Inc. is a healthcare analytics company that specializes in connecting home care providers with patients through its innovative platform. Founded in 2018 and based in North Providence, Rhode Island, the company leverages machine learning and electronic health records to enhance the efficiency of care delivery. Its application enables provider organizations to conduct electronic visit verification and predict hospital readmissions and utilization risks. Additionally, Intus Care's platform facilitates automatic patient risk grouping and tracking, identifies patients at high risk for hospitalization, and sends alerts regarding changes in patient health status to care coordination teams. By synthesizing financial, clinical, and administrative data, Intus Care helps healthcare organizations, including PACE programs and long-term care facilities, visualize trends and implement data-driven interventions aimed at improving patient care and reducing hospitalizations for vulnerable populations.
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