Hometeam Accelerates Tech and Care Services Offering with $27.5 Million In Series B Round Funding

Oak HC/FT led funding with focus on driving expansion

NEW YORK–(BUSINESS WIRE)–Hometeam,
a new approach to home care which brings more independence, joy and
vibrancy to older adults — and peace of mind to families, today
announced it has secured $27.5M in a Series B funding round. Oak HC/FT,
a leading venture-growth equity fund investing in Healthcare Services
technology companies, joins existing investors Lux Capital, IA Ventures
and Recruit Strategic Partners in this funding round which will directly
enable the company to accelerate its medical and technology development.

The funding comes as Hometeam continues to experience ever-increasing
growth in New York, New Jersey and Philadelphia. In the last eighteen
months relationships between older adults and care givers have increased
20% month on month — and with plans to expand into several new states
and major cities in the coming months, further growth is expected to
continue.

“Hometeam is about creating beautiful days for older adults while giving
family members peace of mind,” said Josh Bruno, Founder and CEO of
Hometeam. “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.”

Annie Lamont, Managing Partner at Oak HC/FT, said, “In what is
traditionally a fragmented marketplace, Hometeam has the technology to
intelligently match older adults with experienced caregivers, treating
caregivers as valued employees and extended family. Hometeam has already
had a tremendous impact on the healthcare industry and we are thrilled
to partner with Josh and his team to continue delivering tailored and
personalized care for the senior community.”

“Hometeam is remaking how we all care for our parents and grandparents,”
said Adam Goulburn, a partner at Lux Capital. “Nobody should ever again
allow sad, cold, impersonal, unloving home care through the door. We
funded Hometeam because they are on a passionate mission to fix this, to
bring beautiful days, everyday, to the people we love. And because so
many more aging parents will need and deserve so much more in the years
ahead. Hometeam has the best team, technology and plans to stand and
deliver what’s needed now.”

“We are 100 percent invested in building out Hometeam in our current
markets and expanding to other locations,” Bruno added. “We have world
class investors backing us and they know we will transform the way we
care for our older adults.”

About Hometeam:

Headquartered in New York and with offices in three states, Hometeam
transforms the in-home care and aging experience by providing elderly
clients with personalized care planning, expert caregiver matching,
custom mobile technology, and proactive case management to improve older
adults’ health and well-being while giving their families peace of mind.
For more information, visit hometeamcare.com.

About Oak HC/FT

Oak HC/FT (http://oakhcft.com/)
is the premier venture growth-equity fund investing in Healthcare
Information & Services (“HC”) and Financial Services Technology (“FT”).
We are focused on driving transformation in these industries by
providing entrepreneurs and companies with strategic counsel,
board-level participation, business plan execution and access to our
extensive network of industry leaders.

About Lux Capital:

Lux Capital is a venture firm based in New York City and Silicon Valley
investing in counter-conventional, seed and early stage science and
technology ventures. The firm manages $700 million in assets across four
funds. For more information please see www.luxcapital.com.

Contacts

Media:
Hometeam
Ashish Prashar, 347-545-8609
hometeam@dkcnews.com
or
Edelman
for Oak HC/FT
917 482 9989
oakhcft@edelman.com