Passion Capital has provided undisclosed venture funding to HomeTouch. Based in the UK, HomeTouch is an online home care platform.
HomeTouch, the UK’s leading online platform to find vetted and experienced home carers, has secured investment financing from one of London’s leading venture capital firms, Passion Capital.
The funding will accelerate HomeTouch’s expansion across London, increase the number of vetted carers on its platform into the thousands and expand its range of features which already improve choice, transparency and efficiency of finding high quality, affordable home care.
HomeTouch uses a combination of technology, expert recommendations and flexible pricing to match families with local carers who possess the skills and experience which suit a client’s needs. This contrasts with the UK’s 7,000 traditional care agencies that provide little choice to families, minimum wage pay to carers and quality which is patchy and poor.
The pioneering service HomeTouch was founded by former NHS doctor Jamie Wilson in early 2015 and borne out of his frustration of seeing patients in hospital struggling to find care when discharged home. HomeTouch is currently helping carers deliver thousands of hours each week and has customers across every London borough.
Dr Jamie Wilson, founder and CEO of HomeTouch, said:
“Partnering with Passion Capital and their unrivalled tech expertise will be an excellent strategic fit with our clinical knowledge, deep understanding of the care sector and customer service ethos. We will be working very closely with Passion to make the most of the opportunities that this deal provides.
“HomeTouch has been growing incredibly fast across the capital, and as we have grown the quality and size of our network, we are now seeing the clear benefits of being the UK market leader with increased choice, reliability and transparency to UK families. With funding from Passion, we will help even more people find the quality care they need and hope to become the UK’s unrivalled online home care destination.”
Eileen Burbidge [or Stefan Glaenzer], partner at Passion Capital [who joins HomeTouch as Non-Executive Director] commented:
“All of us at Passion have been hugely impressed by HomeTouch, the ambition and vision of its founder, and the entire team’s motivation to solve critical problems in the home care sector. We are looking forward to working with HomeTouch to build on its foundations as the innovators in this sector.”
For more information about HomeTouch, please contact:
For more information about Passion Capital, please contact:
HomeTouch is an online platform which raises the standards of home care by investing in technology and working with the best carers in the industry. It uses technology to match customers with local carers who have the experience, skills and attributes to suit their needs.
HomeTouch is making quality care more affordable by charging a smaller rate of commission than the traditional agencies, whilst its carers earn more than the living wage. HomeTouch also runs educational events that exceed statutory requirements and and training sessions to help care professionals increase their knowledge and skills, boosting their long-term career prospects.
HomeTouch is supported by partners include BUPA and Guy’s & St Thomas’ Charity and has also received investment from members of Wild Blue Cohort, a West London angel investment network, and the Nominet Trust, the UK”s leading social impact digital funder.