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- Round was co-directed by Golden Gate Ventures and HealthXCapital
- Funds will be used to improve professional training and development of healthcare professionals
HOMAGE, a home-based intelligent technology services company, July 3, announced a successful fundraising of US $ 4.15 million (58.44 million rand). Series A was co-led by investors Golden Gate Ventures and HealthXCapital, the first health venture capital fund in South and Southeast Asia
SeedPlus, Juha Pananaan, Lim Dershing and Huang Shao. ning, also investors in the round of $ 1.2 million (RMB 4.83 million) was raised last year in March
Singapore, as many developed countries of Asia , faces a myriad of challenges for a rapidly aging population. According to Population.sg, Singapore has about 4.7 working-age citizens (20 to 64 years old) in 2016 for every senior (65 years old and over).
This is a significant decrease from 10 years ago when Singapore had 6.9 citizens per older adult. By 2030, Singapore is expected to have only 2.3 working-age citizens per older adult.
Homage provides licensed practitioners with a platform to provide on-demand services, giving them greater flexibility to care for more than one family.
Families will be able to rely on Homage to ensure that their elderly family members are well cared for by licensed practitioners.
But that is Homage's dependence on technology that will help expand the pool of care professionals.
Through an intelligent matching system, Homage can select the most optimal caregivers based on factors such as illness, work experience and geography. create more robust databases on patient-generated health care data;
"As a technology platform in the healthcare industry, we have to solve many seemingly intractable challenges at the same time," said Gillian Tee, co-founder. and CEO of Homage.
"On the one hand, we must meet the demand for accessible and affordable home health care; On the other hand, we must attract, inspire and develop a new generation of CarePros to provide reliable and quality care.
"That's why we could not be happier to have some of the best strategic partners. in HealthXCapital and Golden Gate Ventures, who are as passionate as we are to build the next phase of Tribute.
The new funds will be used to improve professional training and development programs for healthcare professionals (CarePros) as well as to deepen support for Homage's network of partners, while the company is looking to support and expand the care capacities of its partners.
In addition, Homage will continue to rely on smart matching technology and features at the heart of the Homage offering. Singapore's base to expand into new markets in Asia.
Seemant Jauhari, managing partner of HealthXCapital, said, "HealthXCapital is focused on investing and helping to build the next wave of Althcare and healthcare technology companies have focused on Asia emerging and bold enough to tackle complex challenges.We are impressed by Gillian and her team, and we are confident that they can lead the charge to effectively solve the challenges of aging and aging by using technology, in Attacking one of the greatest human needs expected in the years to come. "
Justin Hall, a partner at Golden Gate Ventures, who praised Homage's progress to date, said said: "Homage is emerging as one of the largest and most important technology platforms in Asia." The new Homage approach to caregiving combines both high-tech and high-tech, fundamentally redefining the way health care is administered and distributed. I am honored to help Homage become a leading healthcare platform in the world. "
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