Startup offering home care for older adults closes $27.5M series B round

In the last 18 months, Hometeam, a New York-based startup aiming to bring independence to older adults and peace of mind to families through home care visits, has seen use of its services increase 20 percent month-over-month in New York, New Jersey and Philadelphia. Now the company has secured $27.5 million in a series B funding round that it will leverage to expand care into several new states and cities in coming months.

Oak HC/FT, a venture-growth equity fund, joined existing investors Lux Capital, IA Ventures and Recruit Strategic Partners in this latest round.

"The marriage of technology and high-quality, in-home care will revolutionize our industry and this new round of funding will enable us to build out our platform and offer truly unique and specialized care to older adults in other locations," Josh Bruno, CEO and founder of Hometeam, said in a news release.

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