Nevvon Receives Strategic Investment from BVP Forge
Partnership supercharges Nevvon’s role as critical infrastructure for the home care workforce; company also launches TrainOnce, letting caregivers carry completed compliance training with them as they increasingly move between agencies and payors
Nevvon, the compliance and training infrastructure behind the home care and self-directed care workforce, today announced a strategic investment from BVP Forge, the private equity arm of Bessemer Venture Partners that focuses on growth-oriented, self-sustaining technology and B2B services businesses. Alongside the investment, Nevvon launched TrainOnce, a new solution powered by the platform’s network effects. As more caregivers and agencies join Nevvon, the platform allows completed compliance training to be used across agencies, respecting caregivers’ time and preserving agency resources.
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The investment will help Nevvon expand its platform, deepen its work with payors and self-directed care programs, and reach more caregivers across the United States, as more of this workforce moves between agencies and into self-directed arrangements where individuals manage their own caregiving. Nevvon's management team will continue to lead the company, and its day-to-day relationships with agencies, caregivers, and channel partners remain unchanged.
