Hometeam, a New York -based home care provider for senior citizens has announced it raising $27.5 million in Series B round of funding led by Oak HC/FT, Lux Capital, IA Ventures and Recruit Strategic Partners.
Founded in 2014, the startup Hometeam helps in transforming the in-home care and aging experience by offering elderly clients with personalized care planning, expert caregiver matching, custom mobile technology and proactive case management to improve the health and well-being of the older people. Headquartered in New York, they have operational offices in three states in USA. In the last eighteen months relationships between older adults and care givers have increased 20% every month.
Josh Bruno, founder and CEO of Hometeam said, “Hometeam is about creating beautiful days for older adults while giving family members peace of mind. The marriage of technology and high quality in-home care will revolutionize our industry.” With the fresh funds raised, it plans to expand into many new states and major cities in the coming months. Also, it would help them improve their platform and offer their unique services for older adults in various other locations.
Annie Lamont, Managing Partner at Oak HC/FT, said, “In what is traditionally a fragmented marketplace, Hometeam has the technology to intelligently match older adults with experienced caregivers, treating caregivers as valued employees and extended family. Hometeam has already had a tremendous impact on the healthcare industry and we are thrilled to partner with Josh and his team to continue delivering tailored and personalized care for the senior community.”
“Hometeam is remaking how we all care for our parents and grandparents,” said Adam Goulburn, a partner at Lux Capital. “Nobody should ever again allow sad, cold, impersonal, unloving home care through the door. We funded Hometeam because they are on a passionate mission to fix this, to bring beautiful days, everyday, to the people we love. And because so many more aging parents will need and deserve so much more in the years ahead. Hometeam has the best team, technology and plans to stand and deliver what’s needed now.”