Hometeam raises $27.5M in Series B

What does Hometeam do?

Hometeam, is a company which is transforming the aging experience by providing families expert caregiver matching, care team and custom iPads for promoting healthy and active days. This company’s approach to home care is bringing more independence and joy to older adults and mental peace to families. It is changing the home care for better, powered by compassion and strengthened by technology. The company is taking home care a step ahead by improving the lives of the caregivers and the families.

How much Hometeam was funded?

Hometeam raised $27.5M in Series B on January 4, 2015 from Recruit Strategic Partners, Lux Capital, IA Ventures and Oak HC/FT.

Previous funding

$11M in Series A on July 23, 2014 from Lux Capital, Recruit Strategic Partners and IA Ventures

What is next for Hometeam?

The latest funding for the company comes as the company continues experiencing an increasing growth in New York, Philadelphia and New Jersey. The latest funding will help the company in enabling them in building its platform and for offering truly unique and specialized care to the older adults in other places. In the past 1 ½ year relationships between care givers and older adults have increased 20% monthly. The company has plans of expanding into many major cities and new states in the coming months and further growth of the company is expected to continue. This funding round will directly help the company in accelerating its medical and technology development.

More about Hometeam

Hometeam was founded by Josh Bruno and Akash Shah. It has its headquarters in New York, New York. The company has the technology to cleverly match older adults with caregivers who have very experienced, treating  the later as valued employees and extended family. The company is remaking how we care for our elderly.