companies

Honor Exit Candidate

🦄
Employees 600+
Primary contact

Links
https://www.joinhonor.com/
🏦 Potential exit path: SPAC, IPO
Founded in 2015, Honor provides a mobile-enabled, in-home senior care, helping older adults continue to live well and independently at home. The company is also the founder of the Honor Care Network, a national network of home care providers. It is the first company ever to bring scalable workforce management and technology expertise together with the high-touch, personalized care of local homegrown care agencies. Working with Care Network Partners, thoroughly-screened and background-checked Honor Care Pros help older adults live safely and comfortably in their own home by enabling reliable, transparent, high-quality care. At the moment, Honor is providing care to families in California, Texas, and New Mexico.
Select partners: Canopy Home Care, Cypress HomeCare Solutions, Caring Hands Caregivers, Apple Care and Companion (Texas), Eskaton's Home Care Business, Catholic Charities of Santa Clara County.
🦄
Employees 600+
Primary contact

Links
https://www.joinhonor.com/

Funding 💰

Total 🦄 $625
Last round 🔗 $370M
Series E
October 5, 2021.
Select investors Baillie Gifford, Andreessen Horowitz, Naspers, Thrive Capital, 8VC, Syno Capital, Max Levchin, Rock Health, Slow Ventures

Key people 🧑‍🤝‍🧑

Highlights ⭐

  • Honor is competing in the lucrative and fast-growing elderly care market, which is expected to reach USD 1,944,028.05 million by 2027 - according to Data Bridge Market Research. Geriatric population, rising chronic illness in ageing population and rising awareness of home care services are the major factors for the market growth. 🔗
  • The Series E funding, coupled with Honor's acquisition of the largest home care network in the world, Home Instead, allows it to triple its investment in Product and Engineering. 🔗
  • Honor is using technology to automate and streamline tasks in the eldery care marker which (could) make it a high-margin business.
  • Already, the company is supported by a number of well-known investors which, obviously, think Honor has what it takes to change the world of elderly care for good.
  • Two of the three Honor founders stem from Google, meaning they know how technology works and how they could use it to make for an efficient and tech-savvy organization.
Last update: November 20, 2021