As published in Minneapolis/St. Paul Business Journal, in-home senior care provider Lifesprk has leveraged a round of venture capital and the Covid-19 pandemic into big growth.
St. Louis Park-based Lifesprk had the 17th-largest venture capital raise for a Twin Cities company in 2020, pulling in $16.1 million last March in a round led by California-based Virgo Investment Group. Minnetonka-based Cherry Tree & Associates served as an adviser on the deal. The capital was used to invest in an electronic records system; boost hiring; and expand offerings to include Lifesprk GO!, a transportation service for seniors.