Caring Posts Record $120M Revenue, Closes $29M Series C to Scale Senior Care Infrastructure

Caring, a South Korean senior care platform, posted record annual revenue of approximately $120.1 million (KRW 165.8 billion) in 2025, its highest since founding, while achieving EBITDA profitability for the first time in November of the same year. The company also closed a $29 million (KRW 40 billion) Series C funding round earlier this year.

The results reflect operational efficiencies built on six years of expanding long-term care infrastructure nationwide. Caring has consistently invested in recruiting skilled workers and delivering structured job training, operating on the premise that the quality of frontline staff is the foundation of quality care. As of May 2026, the company employs 13,000 care workers — including social workers and certified care assistants — and has paid out a cumulative total of over $217.4 million (KRW 300 billion) in wages.

That investment in workforce quality is showing results. Occupancy rates at Caring’s day care centers rose from 62% in January 2025 to 85% in March 2026, with its Honam regional division reaching 100% occupancy.

Caring operates four integrated home-care divisions covering the Seoul metropolitan area, Yeongnam, Honam, and Chungcheong regions. Under its “Care Master Plan” framework, the company provides a comprehensive suite of services — including home care visits, day care, bathing assistance, and hospital escort — designed to address gaps in local care infrastructure.

With the Series C proceeds, Caring plans to expand its integrated home-care centers to 70 locations by end of year and launch a large-scale hiring drive for more than 1,000 care workers and social workers. The company also intends to accelerate the build-out of integrated care infrastructure that bridges caregiving and medical services, and to enter the care robotics market as part of its next-generation care strategy.

“We will continue to expand our integrated care infrastructure so that seniors can receive the care they want, where they live, without discrimination,” said Taesung Kim, CEO of Caring. “We will also advance care-specialized AI and robotics to get ahead of the challenges posed by rapid population aging and the growing shortage of care workers.”