HomeHero, a US-based marketplace for senior home care, revealed $23m in funding on Tuesday including a $20m series A round led by diversified education and media conglomerate Graham Holdings.
Internet company Tencent, as well as Social+Capital Partnership and The Launch Fund also contributed to the series A round. The previously undisclosed seed round, which closed last year, was led by Social+Capital Partnership and featured incubator Science and angel investor Jason Calacanis.
HomeHero’s online platform enables users to find in-home care services for their elderly family members. The company conducts background checks on caregivers and makes references available to potential users.
HomeHero initially focused on the city of Los Angeles but will use the series A funding to expand into San Diego and San Francisco, and to hire more staff.
Timothy O’Shaughnessy, president of Graham Holdings, said: “The opportunity to improve the lives of our loved ones when they require care at home is important and meaningful.
“As a society, we can and must do better. HomeHero can be a large part of that solution.”