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.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":1877381,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,entrepreneur,","session":"B"}']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.”
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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.
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