Hometeam runs a matchmaking service that pairs seniors with in-home caregivers and develops caregiver-facing technology. The company recently pursued expansion beyond the Mid-Atlantic region after seeking to add 15 offices across nine states. It currently maintains offices in New York, Pennsylvania and New Jersey. Hometeam has been actively fundraising, closing an $11 million round last year and raising more than $27 million a few weeks before its latest deal. The new investment from Kaiser Permanente Ventures is positioned as a strategic partnership that could open pathways to integrate Hometeam’s caregiver technology with Kaiser’s integrated health system. Investors include Oak HC/FT, Lux Capital, IA Ventures, and Recruit Strategic Partners. Hometeam offers personalized in-home care planning, expert caregiver matching, custom mobile technology, and proactive case management for older adults. The company emphasizes treating caregivers as valued employees and uses technology to intelligently match caregivers with clients. Hometeam says its services aim to improve older adults’ health and well-being while giving families peace of mind. It is headquartered in New York and has offices in three states, with growing operations in New York, New Jersey and Philadelphia. Management reports that relationships between older adults and caregivers have increased 20% month on month over the past eighteen months. The company plans to expand into several new states and major cities and to accelerate medical and technology development. Hometeam provides in-home care to seniors using an iPad in each home with an app caregivers use to track care and communicate with families via texts, pictures and medical updates. The company also employs a team of nurses who periodically visit patients to ensure medical conditions are managed. Hometeam emphasizes highly personalized care: caregivers are required to identify activities each patient is passionate about and are given a budget to support those activities. Since its 2013 founding, Hometeam has placed over 250 caregivers in hundreds of homes across New York, New Jersey and Pennsylvania. The company is powered by $11 million in funding from Lux Capital, IA Ventures and Recruit Strategic Partners and is publicly launching after two years in stealth beta. Hometeam plans to open 15 new offices across nine states, including two in California, within the next year.

Total raised

$44M

Funding rounds

3

Latest round

Series B

Latest activity

Feb 2016