Vienna, Austria – February 12, 2018
3TS Capital Partners, a leading European growth technology investor, announced today it led a €9M financing in HomeCare.com. With the largest base of mobile enabled caregivers, HomeCare.com is the leading platform enabling consumers and health care providers to find and hire caregivers. Other co-investors in the round included Blue Heron Ventures and Maryland Venture Fund. 3TS and the investor group are focused on helping the company accelerate growth, broaden the management team, prepare for scale, add new channel partners and expand geographically.
3TS has a long track record of investing in e-commerce marketplaces including ITH, Zoot, Elefant.ro and TourRadar. As a global challenger, HomeCare.com fits into the intersection of 3TS’ digital consumer and e-health transformation investment themes. The company is revolutionizing the home-based assisted care market by bringing together, for the first time, access to the broadest group of high-quality caregivers, ability for families to tailor care for their exact needs and unprecedented end-to-end visibility for families into the care provided. Experienced caregivers use HomeCare.com to find the work that best matches their skills and schedules, while taking their careers into their own hands. Once families identify and hire the right caregivers, the company’s products and mobile applications assist with the end-to-end care process, including real-time visit alerts, time-tracking, care-plan reporting and digital payments.
HomeCare.com has ramped up quickly in the past five quarters to provide the largest service area across nine of the top metropolitan areas in the US and is expanding rapidly beyond that. In addition, some of the largest hospital systems, senior nursing facilities and assisted living corporations use HomeCare.com’s caregiver services. Since HomeCare.com’s platform is leverageable beyond the US market, 3TS will play a key role in helping the company expand into Europe. HomeCare.com has operations in the US and in CEE (Romania).
Todd Walrath, Founder and CEO of HomeCare.com said, “We started HomeCare.com to provide a platform through which families hiring caregivers have a dramatically improved care-at-home experience compared to the traditional, off-line agencies. We are confident 3TS will help us accelerate rapidly toward building a global brand, based on their experience in scaling e-commerce companies across Europe, plus advice in expanding our CEE based development team.”
3TS Partner Sever Totia, who led the investment and joins the company’s board of directors, added, “Todd has a clear vision for why HomeCare.com is critically important now and how the company will grow as the new model for care-at-home services. The company has already established itself as a market leader and is experiencing explosive growth as a result. We are excited to join Todd and his team on the HomeCare.com journey and look forward to help scale the company in and outside the US market.”
HomeCare.com is the leading marketplace for private duty caregivers, with more than 80,000 providers on its network. The demand for caregivers has never been higher. HomeCare.com enables families and health care providers to interview, hire and manage fully credentialed, insured and bonded caregivers. Caregivers use mobile technology to receive and accept referrals, time tracking, visit verification, and electronic payments. The team has more than 100 years in senior care experience and is based in McLean, VA, USA.
Learn more at www.HomeCare.com
About 3TS Capital Partners
3TS Capital Partners is one of the leading European technology focused private equity and venture capital firms. 3TS provides expansion capital and buyout funding for small and medium-sized businesses in growth sectors including Technology & Internet, Media & Communications and Technology Enabled Services. Investors in the current and past 3TS funds totaling over €300 million include EIF, EBRD, Cisco, OTP, Sitra, 3i and KfW among others.
For further information, please visit www.3tscapital.com