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Venture Capital News: Homethrive Nabs $20M Financing Round

2024-11-14
CHICAGO, IL, Homethrive, the leading provider of technology-enabled caregiving solutions, raises $20 million in latest funding round.
Homethrive today announced the successful close of its latest funding round, raising over $20 million and appointing Ismat Duckson Aziz to its Board of Directors. TELUS Global Ventures and 7Wire Ventures led the funding round, with participation from Pitango HealthTech, Human Capital, Outcomes Collective Growth Capital, Allianz, The K Fund, and other family offices. Homethrive has grown by 4x since its last funding round in 2022, fueled by the increasing demand for comprehensive caregiving solutions among employers and health plans.

Homethrive is transforming the way we care by offering working caregivers the support they need and deserve to balance work, life, and caregiving responsibilities. Through their high-touch/high-tech platform, caregivers can access 24/7 on-demand resources and live, one-on-one support from their team of expert Care Guides, social work professionals with years of caregiving experience. This highly personalized approach improves outcomes, lowers costs, and saves valuable time. Homethrive is available nationally and offered primarily as an employee benefit through employers and through select health plans.
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