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Honor Technology Closes $370 Million In Financing, Reaching Unicorn Status

Oct 05, 2021•almost 4 years ago

Amount Raised

$370 Million

Description

Honor Technology, Inc., the world's largest senior care network and technology platform, which recently acquired global home care provider Home Instead, today announced it has raised $70 million in Series E funding and $300 million in debt financing. The round brings Honor's total equity funding to date to $325 million and values the company at over $1.25 billion.

Company Information

Company

Honor And Home Instead

About

Together, Honor Technology, Inc. and Home Instead, Inc. will change the way we care for aging adults and their families. Founded in 2014, Honor is the first company ever to bring technology solutions, operational support and a large pool of caregivers to independently-owned home care agencies across the U.S. Since 1994, Home Instead has been the world's leading provider of home care services for older adults, operating in the United States and 14 other countries. The combined company will support the work of more than 100,000 professional caregivers and meet the expanding needs of millions of older adults and their families around the world. For more information, visit joinhonor.com and HomeInstead.com. SOURCE Honor and Home Instead

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech