Singapore-based healthtech startup Homage secures USD 30 Mn in Series C
Category: #business |   By Pankaj Singh |   Date: 2021-09-06  | 
  • Share
  • Twitter
  • Facebook
  • LinkedIn

Singapore-based healthtech startup Homage secures USD 30 Mn in Series C
  • Homage’s total raised funding has surpassed USD 45 million
  • The startup currently boasts of a regional network of over 6,000 pre-screened and trained care professionals.

Homage, the caregiving-focused startup headquartered in Singapore, has raised USD 30 million in a Series C funding round led by Sheares Healthcare Group, a wholly-owned subsidiary of the investment firm Temasek.

The round saw participation from new investors including Sagana Capital, and DG Daiwa Ventures, as well as returning backers SeedPlus, East Ventures (Growth), HealthXCapital, Alternate Ventures, and Trihill Capital.

The newly secured funding will be utilized for developing Homage’s technology, continue integration with aged & disability care payer & provider infrastructure, and accelerate its regional expansion by partnering with hospitals and care providers.

Homage presently operates in Malaysia, Singapore, and Australia, and offers various services comprised of home visits from nurses, caregivers, therapists, and doctors; telemedicine; and services for chronic illnesses.

Homage’s platform is gaining popularity particularly due to its matching engine, which assists clients, like older adults and people living with chronic conditions in finding providers that best suit their needs. These final matches are then reviewed by the company’s team.

The startup mentioned that the round was oversubscribed and one of the largest funding secured by an on-demand healthcare platform in Southeast Asia and Oceania till date. The total raised funding of Homage after this round crossed over USD 45 million.

As part of the Series C investment deal, Khoo Ee Ping, the chief corporate development officer of Sheares Healthcare Group, will join Homage’s board of directors.

Homage presently has a regional network of over 6,000 pre-screened and trained care professionals. It claims that its business outside of Singapore showed a year-over-year growth of 600% in 2021, and it has more than tripled the revenue in the past year.

Source Credits: https://techcrunch.com/2021/09/05/singapore-based-caregiving-startup-homage-raises-30m-series-c/

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Pankaj Singh    

Pankaj Singh

With a commendable experience of content creation under his belt, Pankaj Singh, a qualified Post Graduate in Management, boasts of having worked as a freelance writer and an insurance underwriter. Additionally, Pankaj has also enriched his qualification portfolio with...

Read More

More News By Pankaj Singh

Tata Motors likely to raise USD 1 billion for its passenger EV business
Tata Motors likely to raise USD 1 billion for its passenger EV business
By Pankaj Singh

Shares of Tata Motors rose by around 10% as the auto major is likely to raise USD 1 billion for its passenger electric vehicle business from TPG Rise Climate, taking the company’s total valuation to over USD 9.1 billion. Tata Motors Ltd (TML) ...

Mercedes-Benz accelerates China push with new research & design center
Mercedes-Benz accelerates China push with new research & design center
By Pankaj Singh

Mercedes-Benz AG is reportedly investing more funds to enhance its research and design capabilities in China to stay ahead of consumer trends and regulations in the world’s largest auto market. The luxury car manufacturer will unveil its new T...

Samsung could record highest quarterly profit amid rising chip prices
Samsung could record highest quarterly profit amid rising chip prices
By Pankaj Singh

The company’s operating profit has reached USD 14 billion in Q3 2021. Samsung’s revenues grew by 11% to USD 62.62 billion. Samsung Electronics Co. Ltd is likely to report a record-high revenue and its best quarterly profit in three y...