Venture Capital News: HomeCare.com Raises $11M
MCLEAN, VA, HomeCare.com announced today it has closed a new $11m round led by 3TS Capital Partners, Blue Heron Capital, Maryland Venture Fund, and Private Access Network.
HomeCare.com announced today it has closed a new $11m round led by 3TS Capital Partners, Blue Heron Capital, Maryland Venture Fund, and Private Access Network. With the largest base of mobile-enabled caregivers, HomeCare.com is the leading platform where consumers and health care providers go to find and hire experienced caregivers. The capital will be used to support the company's rapid growth, expand geographically, and add new product offerings.
HomeCare.com is revolutionizing the home care market by identifying the highest quality caregivers, allowing families to tailor care for their exact needs, and providing unprecedented visibility and reporting into the care provided. Experienced caregivers choose HomeCare.com because the platform combines the flexibility of being self-employed with the ability for caregivers to choose opportunities that match their experience level, skills sets, and schedule. The company's products and mobile applications assist with the entire care process, including real-time visit alerts, automated time-tracking, and digital payments. In addition to helping families, HomeCare.com also provides caregiver services to some of the largest hospital systems, senior nursing facilities, and assisted living corporations in the country.
Todd Walrath, Founder and CEO of HomeCare.com said, "We started HomeCare.com to provide a platform through which families hiring caregivers have a dramatically improved care-at-home experience compared to the traditional home care agency model. We are confident our new investors will help us accelerate toward building a global brand, based on their experience in scaling e-commerce companies."
3TS Partner Sever Totia, who led the investment and joins the Company's board of directors, added, "Todd has a clear vision for why HomeCare.com is critically important and how the company will grow as the new model for care-at-home services. The Company has already established itself as a market leader and is experiencing explosive growth as a result. We are excited to join Todd and his team on the HomeCare.com journey and look forward to help scale the Company in and outside the US market."
HomeCare.com is the leading marketplace for private duty caregivers, with more than 80,000 providers on its network. The demand for caregivers has never been higher. HomeCare.com enables families and health care providers to interview, hire, and manage fully credentialed, insured, and bonded caregivers. Caregivers use mobile technology to receive and accept referrals, time tracking, visit verification, and electronic payments. The team has more than 100 years in senior care experience and is based in McLean, VA -- For more information contact Dominique Curtin 866-290-5866 x149 Learn more at http://www.HomeCare.com
About 3TS Capital Partners
3TS Capital Partners is one of the leading European technology companies focused on private equity and venture capital firms. 3TS provides expansion capital and buyout funding for small and medium-sized businesses in growth sectors, including Technology & Internet, Media & Communications, and Technology-Enabled Services. Investors in the current and past 3TS funds totaling over €300 million include EIF, EBRD, Cisco, OTP, Sitra, 3i and KfW among others.
For further information, please visit http://www.3tscapital.com
About Blue Heron Capital
Blue Heron Capital is an operationally focused investment firm based in Richmond, Virginia. They invest in small-cap growth equity companies in healthcare and tech enabled business services. They provide much more than just capital. At the core of their strategy, they firmly believe experience makes the difference in building companies. Therefore, they only invest in companies where they have deep, relevant experience and can play an active role in the oversight of the business. Their team of dedicated and active LP's includes c-level executives and successful entrepreneurs with decades of experience in building and managing vibrant businesses. Blue Heron Capital unlocks this value and allows their portfolio management teams to draw on their experience, leadership, insight and network to accelerate their company growth.
For further information, please visit http://www.blueheroncap.com
About Maryland Venture Fund
The Maryland Venture Fund is an evergreen venture capital fund dedicated to funding and growing the next generation of outstanding businesses in Maryland. They are an experienced team with significant operating and venture experience, whose focus is on making entrepreneurs successful. With more than $135M in assets under management, they partner with exceptional entrepreneurs and help them build valuable companies that last.
For further information, please visit http://www.marylandventurefund.com
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