Care Group
Location: Edmonton, Alberta VC Investor: Accelerate Fund Company URL: thecaregroup.ca
Strategic Importance: Health care innovation, service for remote Indigenous communities, knowledge-based jobs
Dealing with mental health issues can feel lonely and isolating for anyone. Especially when the person struggling lives in a remote Alberta community with limited access to mental health professionals and resources.
Venture Capital funding from Accelerate Fund III has allowed The CARE Group to develop a game-changing technology platform to bridge the gap between those who need help and the systems designed to provide it.
1/2 Million
Canadians miss work weekly due to mental health issues
$51 Billion
impact on the Canadian economy
“After years of community engagement and strategic planning, we are proud to have established an Indigenous corporate partnership, representing a significant milestone in our journey toward reconciliation and shared prosperity.”
A National Challenge
Today, more than 5 million Canadians live with a mood, anxiety, or substance-use disorder. Over 500,000 Canadians miss work each week because of mental health struggles – resulting in a negative economic impact of $51 billion annually.
Ray Yue, CARE Group Ceo, says their mission is simple. ”We work to make mental health care more accessible, connected, and effective for all Canadians, especially those in rural, remote, and Indigenous communities.”
A Made In Alberta Solution
The CARE Group’s integrated digital platform supports mental health professionals in delivering evidence-based, trauma-informed, and culturally relevant care. It will soon introduce new technology to help identify risks earlier and support more personalized interventions.
For Albertans and Canadians, this means shorter wait times, improved access to culturally appropriate services, and more consistent care across communities. For organizations and governments, it means a scalable, cost-effective solution to support population mental health.
Funding Resiliency
“The support from Alberta Enterprise Corporation (AEC) and Accelerate Fund has been instrumental to helping transform mental health care access across Alberta and Canada,” Yue says.
“These funds allowed us to accelerate product development, strengthen our technology infrastructure, and scale our operations to serve more communities – particularly in rural and Indigenous regions where mental health resources are limited.”
Beyond financial investment, Accelerate Fund has provided invaluable mentorship, strategic connections, and ecosystem access to help the CARE Group refine its business model and expand its impact.
