Homethrive, a Chicago, IL-based healthtech company, raisded $18m in Series A funding.
The round was led by 7wireVentures and Pitango HealthTech.
The company will use the proceeds to accelerate its expansion into health plans and the self-insured employer market as well as further build out its technology stack and digital tools.
Co-founded by Dave Jacobs and David Greenberg, Homethrive provides a High Touch/High Tech program that empowers older adults with navigation and other services to allow them to remain independent and at home while also providing support and information to their families.
The company provides 24 x 7 digital and human concierge services and expert coaching from certified Homethrive social workers. Its program generates personalized recommendations and services that include important daily caregiving responsibilities such as meals, transportation, home care, and medication delivery as well as Medicare plan selection assistance. The Homethrive program is available nationally and offered primarily through insurance companies and self-insured employers.