The corporate secured a Collection C funding spherical, based on an announcement this week. The spherical was led by Centana Progress Companions, with further added assist from a bunch of 4 current traders — Silverton Companions, Influence Engine, Northwestern Mutual Future Ventures and Alumni Ventures.
“This funding spherical represents a pivotal milestone for The Helper Bees and the aging-in-place motion,” Char Hu, the corporate’s CEO, mentioned in a press release. “This partnership with Centana permits us to broaden our attain and proceed empowering older adults to stay independently and safely at dwelling.”
Eric Byunn, a companion at Centana Progress Companions, added that the funding spherical helps for example the rising choice that individuals have for companies that enable older adults to stay of their properties.
The platform “is streamlining the supply of unbiased growing old options at a time when they’re in growing demand, and the corporate’s continued growth into new areas comparable to funds, exemplified by the launch of their versatile spending card, showcases their adaptability and dedication to addressing evolving market calls for,” Byunn mentioned.
Hu added that the funding spherical will enable the corporate to increase its companion portfolio, together with entrance into new markets like Medicaid.
On the Helper Bees web site, Mutual of Omaha is listed as one of many firm’s companions. The Mutual of Omaha Mortgage division is presently the market chief in House Fairness Conversion Mortgage (HECM) endorsements.