Homage, a caregiving-focused startup has raised $30 million in a Series C led By Sheares Healthcare Group. Temasek is wholly-owned. Participants included Sagana Capital and DG Daiwa Ventures, as well as returning backers East Ventures, HealthXCapital and SeedPlus.
This funding will be used for Homages technology development, continued integration with aged and disabled care payer and provider infrastructure, and to accelerate its regional expansion through partnerships and agreements with hospitals and other care providers. Homage is currently operating in Australia, Singapore, Malaysia, and Malaysia.
Services offered by the Singapore-based company include home visits by caregivers, nurses, doctors, and telemedicine. Homages platform's ability to scale up is due to its matching engine. This helps clients with chronic conditions and older people find the best providers for them (the final matches are made through Homages team).
According to the startup, the round was highly-subscribed and is the largest ever raised by an on demand care platform in Southeast Asia or Oceania. This brings Homages' total funding to over $45 million.
Khoo Ee Ping, chief corporate development officer at Sheares Healthcare Group, will join Homages' board of directors as part of Series C.
Homage has more than 6,000 trained and pre-screened care professionals in its regional network. Homage claims its business outside Singapore has increased by more than 600% in 2021 and has tripled its revenue in the past year.
