| Founded | 2017 |
|---|---|
| Closed | 2024 |
| Country | USA |
| Sector | Healthtech |
| Collapse type | Mass Layoff Spiral |
| Founder | Andrew Parker |
Papa
"A $1.4B companionship unicorn that burned bright and collapsed when Medicare scrutinized social care billing."
Cascading layoffs that accelerated the decline
Key Events Timeline
Papa raised over $240M to connect lonely seniors with college student 'Papa Pals' for companionship and errand help, billing Medicare Advantage plans for social determinants of health benefits.
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