C
CareZone
CareZone | Easily manage multiple medications and health info
About CareZone
Founded in 2012 by former Sun Microsystems CEO Jonathan Schwartz and Walter Smith, CareZone emerged from a personal need to simplify the management of health information for families. Schwartz's experience as a caregiver for his father and son highlighted the challenges of coordinating care, leading to the creation of a platform to centralize health-related information. The company's initial mission was to provide a secure and straightforward way for individuals to organize and share medical details with family members and trusted caregivers. CareZone developed a mobile application that served as a comprehensive tool for managing health. Its core functionality allowed users to create a journal to track symptoms, maintain a list of medications, and store important contacts and insurance information. A standout feature was its medication management system, which enabled users to scan prescription bottles or insurance cards to automatically import the data, set reminders for dosages, and keep a record of adherence. This service was designed to assist the tens of millions of people in the U.S. who act as caregivers for aging parents or chronically ill family members, a demographic often juggling multiple prescriptions and appointments. The business model evolved to include a pharmacy service, allowing users to have prescriptions delivered directly to their homes. This service, branded as CareZone Pharmacy, streamlined the process of refills and medication synchronization, packaging pills into daily labeled packets to improve adherence and reduce confusion for patients on complex regimens. This direct-to-consumer pharmacy operation became a key revenue driver. In a strategic move to bolster its health and wellness division, Walmart acquired certain assets of CareZone in 2020. The acquisition included the company's technology and intellectual property, with Walmart integrating the team and platform to enhance its own health service offerings. Following the acquisition, CareZone ceased its pharmacy and prescription delivery services, and the app's functionality was wound down as its technology was absorbed by Walmart.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2012
- Headquarters
- San Francisco, United States
- Employees
- 42
- Open positions
- None listed
- Dealroom signal
- 74.1/100
- Industry
- Health
- Sub-industry
- Health Platform
- Sector
- Health Tech & Medtech, Personal Health, Hard Tech
- Technology
- Mobile app
- Client focus
- b2b, b2c
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Jun 2020 | $200M | $200M | Walmart | — |
| SERIES DOther financing | May 2018 | $50M | $200M | NEA | — |
Growth signals
Latest recorded traffic for CareZone is 3K monthly website visits, up 66.7% over the last three months. CareZone's team declined 2.3% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A3 investors entered at this stage
Catamount Ventures
Jonathan Schwartz
NEA
Other known investors1 additional known investor
Walmart
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about CareZone on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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