Singaporean caregiving service provider Homage has raised a “double-digit” million dollar investment in a Series B funding round led by EV Growth. Alternate Ventures and KDV Capital, as well as existing investor HealthXCapital also participated in this round, according to an official statement.
Homage raised USD 4.15 million in Series A funding in July 2018.
Founded in 2017 by entrepreneurs Gillian Tee, Lily Phang, and Tong Duong, Homage provides personalized and holistic care to seniors, individuals, and families. Its services includes home medical care, medical escort and transport services, home nursing care, and home therapy for patients who need to continue their rehabilitation or recovery efforts at home.
Moreover, Homage also connects seniors with various social activities in the community to keep them physically and emotionally active and healthy.
Homage’s care professionals are selected through a one-on-one interview and screening test for aptitude, motivation, and communication skills. Its tech helps streamline and scale the process. It also uses a proprietary matching engine that pairs care recipients and organizations with the best-suited care professionals for their needs.
The company will use its fresh capital to invest in its care professionals and improve their capabilities, and launch holistic and personalized healthcare services by its care provider, enterprise, and consumer mobile and web platforms. The funds will also be used to develop its medical services arm, which has a network of doctors and medication delivery capabilities.
The company will form new partnerships with private and public sector stakeholders in its ecosystem, and it plans to expand its services across the Asia Pacific by expanding its care professionals and building long-term care infrastructure, the statement said.