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

Thu, 10/29/2020 - 14:50 - Laurie Orlov

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. 

category tags: 
Home Care, tech-enabled home care
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Homethrive Announces $18 Million Series A Funding Led by 7wireVentures and Pitango HealthTech

Thu, 10/29/2020 - 08:12 - Laurie Orlov
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.

category tags: 
Home Care, tech-enabled home care
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Honor Raises $140 million to Fuel National Expansion

Wed, 10/28/2020 - 13:39 - Laurie Orlov
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.

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tech-enabled home care, Home Care
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John Boden - Elder Issues - Three Caregiving Tips

From a long-time geriatric care manager and elder care expert.

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