# Homethrive

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/homethrive

- Industry: Healthcare
- Headquarters: Northbrook, US
- Website: www.homethrive.com/
- Total disclosed funding: $55M
- Latest round: Series B (Jul 22, 2024)
- Investors on record: 7

## About

Homethrive, Inc., based in the US, provides a specialized caregiving platform that assists employees, employers, and families in overcoming caregiving challenges, offering services such as healthcare navigation and support for complex health issues.Founded in 2018 and headquartered in Northbrook, Illinois, Homethrive, Inc. specializes in caregiving solutions for individuals and organizations. The company has completed three deals, with its most recent funding round occurring on July 22, 2024, during which it raised USD 20.525 mn in Series B funding. The funding was co-led by TELUS Ventures and returning investor 7wireVentures, along with participation from other prominent investors. The founders of the company are Dave Jacobs and David Greenberg, with Dave Jacobs currently serving as the CEO, who has a history in the caregiving sector.Homethrive offers a comprehensive caregiving platform designed to address a wide range of caregiving challenges faced by employees, employers, and families. The core product integrates various services, including navigation and concierge assistance for healthcare decisions, backup care options for working parents, and support for complex health issues such as cancer and Alzheimer’s disease. The platform also provides expert coaching from experienced social workers who aid in care coordination and emotional support. Targeted primarily at employers and health plans, the solution serves a diverse client base that includes organizations seeking to enhance employee well-being and productivity. Geographically, Homethrive operates primarily within the United States, addressing the needs of working caregivers across multiple sectors.Homethrive's revenue model is centered around B2B partnerships with employers and health plans, wherein organizations subscribe to the caregiving platform to provide their employees with access to the suite of services. This subscription model typically involves a tiered pricing structure, allowing clients to choose plans based on the level of support and resources required. Clients benefit from tailored offerings that include backup care services, navigation support, and access to expert advice, enhancing employee engagement and retention.In July 2024, Homethrive raised USD 20.52 mn in Series B funding, which will be utilized to expand its caregiving platform, personalize caregiving support, and scale its artificial intelligence-driven care navigation and recommendations. The company aims to enhance its digital tools for higher engagement while looking to enter new markets across the United States to further address the needs of working caregivers. The funding will also assist in the development of upcoming products intended to improve service delivery.

## Funding rounds

- Series B, Jul 22, 2024, $21M — Pitango, TELUS Ventures, 7wireVentures, Allianz Global Investors, The K Fund, Human Capital, Outcomes Collective
- Series B, Mar 21, 2022, $17M — Pitango, 7wireVentures, Allianz Global Investors, Human Capital
- Series A, Oct 28, 2020, $18M — Pitango, 7wireVentures

## Investors

- Pitango (https://capitalatlas.ai/funds/pitango) — Series A, Series B
- 7wireVentures (https://capitalatlas.ai/funds/7wireventures) — Series A, Series B
- Allianz Global Investors (https://capitalatlas.ai/funds/allianz-global-investors) — Series B
- Human Capital (https://capitalatlas.ai/funds/human-capital) — Series B
- TELUS Ventures (https://capitalatlas.ai/funds/telus-ventures) — Series B
- The K Fund (https://capitalatlas.ai/funds/the-k-fund) — Series B
- Outcomes Collective (https://capitalatlas.ai/funds/outcomes-collective) — Series B