Funding Daily: Elderly care startup Hometeam snags $5 million from Kaiser Permanente Ventures

Elderly care startup Hometeam announced today that it took in an extra $5 million from Kaiser Permanente Ventures, expanding its latest funding round to at least $32.5 million.

The New York startup matches trained caregivers and older adults through a process similar to Match.com, pairing them according to their interests and needs. Hometeam’s system also helps to connect the patients’ homes to their families, doctors, and emergency centers.

Hometeam said this investment marks the start of a long-term relationship with Kaiser Permanente, in which the New York startup can take advantage of Kaiser’s experience, while Kaiser can learn from Hometeam’s tech approach to a very traditional industry.

“[Kaiser] sees health care moving more towards the home,” said the cofounder and CEO of Hometeam, Josh Bruno. “This is the future of health care.”

Kaiser Permanente Ventures director Jordan Kramer joined Hometeam’s board as an observer.

The series B round will be used to further push Hometeam’s expansion plans to eight new cities, invest in training caregivers, and grow the developer team from 20 to 60 people.

Oak HC/FT, Lux Capital, IA Ventures, and Recruit Strategic Partners previously invested in Hometeam’s series B round.

Hometeam has raised at least $43.5 million in VC funds.