Family offices boost startup investments in October, backing women’s health and caregivers

Melinda French Gates’ Pivotal Ventures joined an $82 million funding round for Abby Care, a startup that trains and certifies relatives to provide paid care through Medicaid and Medicare. The investment highlights family offices’ interest in healthcare businesses addressing needs that have received limited attention and funding.

Abby Care uses AI and was founded by Havi Nguyen, who began navigating Medicaid as a child while caring for her sisters and later her grandparents. Pivotal Ventures investment manager Erin Harkless Moore said the firm favours founders with direct experience of healthcare’s complexities, and identified women’s health as an underfunded, under-researched area with significant gaps.