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Corporation
INTERNET | Internet Software & Services / Health & Wellness
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Founded Year

2014

Stage

Series E | Alive

Total Raised

$622.12M

Valuation

$0000 

Last Raised

$70M | 11 days ago

Mosaic Score

+50 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Honor Technology

Honor Technology brings workforce management and technology expertise together with high-touch, personalized care to improve the in-home care experience. Since launching the Honor Care Network in 2017, Honor has partnered with a growing roster of independently owned home care agencies to deliver reliable, transparent, and high-quality care. The Honor Care Network currently provides non-medical home care services to families in more than 800 cities and towns across the United States.

Honor Technology Headquarter Location

201 3rd St Suite 1010

San Francisco, California, 94103,

United States

877-777-5116

Latest Honor Technology News

Senior Care Network Company Honor Technology Closes $70 Million In Series E Funding

Oct 12, 2021

Honor Technology recently announced it raised $70 million in Series E funding and $300 million in debt financing. These are the details. Honor Technology — one of the largest senior care networks and technology platforms, which recently acquired global home care provider Home Instead — recently announced it has raised $70 million in Series E funding and $300 million in debt financing. This round of funding brings Honor’s total equity funding to date to $325 million and values the company at over $1.25 billion. Honor’s technology and operations platform – combined with Home Instead’s global network and relationship-based care – will serve as a foundation for a dramatic increase in innovation investment to benefit professional caregivers and clients through expanded offerings. Baillie Gifford had led the equity financing with participation from existing investors including funds and accounts advised by T. Rowe Price Associates. And Home Instead founders Paul Hogan and Lori Hogan, Prosus Ventures, Andreessen Horowitz, Thrive Capital, FMZ Ventures, Rock Springs Capital, Lighthouse Capital Markets, and TriplePoint Capital. Perceptive Advisors led the debt financing with a significant commitment from Ares Management funds. This funding round will be used to further invest in Honor’s groundbreaking operations and technology capabilities and expand it across the Home Instead network. And Honor is fundamentally transforming the delivery of home care in the fast-growing, highly fragmented $83 billion worldwide home care market spread across 21,000 individual agencies in the U.S. alone. Honor’s proprietary technology platform creates a better human experience by extracting insights for matching the right caregivers with the right clients based on a range of personalized factors and assists with caregiver recruiting, training, scheduling, and performance analysis. And the technology improves as the company scales, learning from expanding data points to further optimize performance. This tech-enabled approach strengthens relationships between professional caregivers and clients while streamlining business operations, centralizing care and reducing turnover, thus increasing the ability of Honor and Home Instead to meet rapidly growing demand. Since the Series D funding round in October 2020, Honor has added hundreds more caregivers (Care Pros) and expanded its care delivery platform to four new states. And in August 2021, Honor acquired Home Instead, the leading global franchisor of personalized, in-home care services. Today, the combined company serves over 100,000 older adults around the world every month, providing more than 80 million hours of care annually. KEY QUOTES: “The Honor technology platform is positioned to become the backbone for the Home Instead network, providing an even better end-to-end human experience for professional caregivers and clients. In the coming years, this technology will open a channel to allow seniors more streamlined access to the products and services they need at home – creating the most advanced ecosystem to serve the aging population around the world.” “Up until now, home care management has been based on intuition and anecdotes with no data infrastructure to analyze outcomes and spot long-term trends By prioritizing the insights enabled by Honor’s technology platform, we’re fundamentally improving how we’re able to deliver care for the rapidly growing population of older adults today and long into the future.” — Seth Sternberg, co-founder and CEO of Honor “With our new global scale, we are excited to accelerate the rollout of our game-changing care delivery platform. We’re looking to triple the size of our engineering and product team within the next year. We are aggressively recruiting product hires, from designers to developers who want to solve real-world problems and build with purpose to solve a massive societal need. We’re trailblazing in an industry that takes care of our parents – and ultimately our solutions will take care of our own generation when we’re older.” — Sandy Jen, co-founder and chief technology officer for Honor “We believe investing is about backing companies with the potential to deliver transformational growth and better outcomes. With the rapidly growing population of older adults, the home care market provides a unique opportunity to transform an industry that has not yet benefited from technology. Honor’s technology and operations platform, in combination with its global Home Instead network, is poised to deliver consistent, high-quality care to exponentially more aging adults. We are honored to partner with them in realizing that vision.” — Investment Researcher Anika Penn of Baillie Gifford

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Expert Collections containing Honor Technology

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Honor Technology is included in 6 Expert Collections, including Smart Money VCs (2017-2019).

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

U

Unicorns- Billion Dollar Startups

863 items

V

Value-Based Care & Population Health

645 items

The VBC & Population Health collection includes companies that enable and deliver care models that address the health needs for defining populations along the continuum of care, including in the community setting, through participation, engagement, and targeted interventions.

T

Tech IPO Pipeline 2020

282 items

Track and capture company information and workflow.

S

Social Determinants of Health

66 items

Track privates companies tackling the non-medical and social needs of patients.

D

Digital Health

11,219 items

Companies leveraging digital technology for healthcare, consumer health, clinical research, and life science (e.g. biopharma, medtech) applications.

Honor Technology Patents

Honor Technology has filed 4 patents.

The 3 most popular patent topics include:

  • Health care
  • Caregiving
  • Disability
patents chart

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Related Topics

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4/22/2016

11/10/2020

Caregiving, Health informatics, Healthcare quality, Health care, Medical terminology

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11/10/2020

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Related Topics

Caregiving, Health informatics, Healthcare quality, Health care, Medical terminology

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Status

Grant

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Honor Technology Web Traffic

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