Senior care start up company HomeHero has raised a $20 million Series A funding round led by Graham Holdings Company with participation from Tencent Holdings Ltd, The Social+Capital Partnership and The Launch Fund.
HomeHero co-founder and CEO Kyle Hill told MedCity News, that the Series A was preceded by a $3 million seed round last year led by Social+Capital Partnership and included Science Inc., and Jason Calacanis of The Launch Fund.
“This funding will allow us to develop the new products and operations we need to grow the company, while still maintaining the excellent service and quality our clients expect. Our focus for the next few months will be ramping up our presence in San Diego and San Francisco to exploit first-mover advantage and refine our expansion playbook.”
HomeHero wants to fulfill its plans to strengthen its presence in San Diego and San Francisco areas of California, Hill said. If they do well in those markets, the want to expand beyond the Pacific time zone into areas with dense senior populations such as Texas, Arizona and Florida.
Along with using the funding to expand, the senior care start-up plans to allocate funding to facilitating important new hires.
Photo: HomeHero.org
