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Home Care

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Home Care

Tech-enabled Home Care Redux? Do investors remember 2016?

What’s up with investing in home care and technology?  Some recent announcements offer almost the same frothy level of investment that characterized the 2016 investor spending spree, neatly noted in a 2016 Forbes article. The Forbes list included the $157 million poured into Care.com, unfortunately revealing a shocking lack of company oversight of care workers in 2019.  Home Care Assistance received $100 million in 2016. In fact, 2013-2017 saw the rise, rise, and then fall of Home Hero – which raised $18 million (closing in 2017) and Hometeam’s $40 million in 2016. 

Homethrive Announces $18 Million Series A Funding Led by 7wireVentures and Pitango HealthTech

10/28/2020

Homethrive, a High Touch/High Tech program that empowers older adults with navigation and other services to allow them to remain independent and at home while also providing support and information to their families, announced an $18 million Series A funding round led by 7wireVentures and Pitango HealthTech. Homethrive’s innovative caregiver services and digital platform improve outcomes and lowers costs for at-risk aging adults living at home.

Honor Raises $140 million to Fuel National Expansion

10/28/2020

Honor — the technology-enabled home care startup that partners with independent agencies through the Honor Care Network — is gearing up for a major expansion.

Those expansion plans are built around a substantial infusion of new capital, too. The San Francisco-based Honor announced Tuesday it has raised $140 million in Series D funding, led by Baillie Gifford, plus funds and accounts advised by T. Rowe Price Associates Inc. Rocks Springs also participated in the fundraising round, in addition to existing investors Andreessen Horowitz, Thrive Capital, Prosus Ventures and 8VC.

CareAcademy Closes $9.5 Million in New Funding

06/11/2020

CareAcademy, the leading home care & home health workforce empowerment platform, upskilling and preparing workers for the growing eldercare market and home care model, today announced it has closed $9.5 million in financing led by Impact America Fund (IAF). The new capital will be used to continue expanding the platform and help one million Americans reskill for healthcare work, particularly in light of COVID-19 and the growing aging population that seeks to age in place.

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Independa Addresses COVID Social Isolation Epidemic

04/14/2020

Today, Independa, providers of award winning, TV-based remote engagement and care solutions, announced a special program for homecare organizations seeking to impact the lives of our elderly during this COVID epidemic.

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