The Helper Bees secures $35M funding to expand aging-in-place services

The Helper Bees secured $35M in funding to expand its services for seniors aging in place, focusing on Medicaid and enhancing its network of essential care solutions.

Aging-in-Place Tech Firm The Helper Bees Secures $35M in Funding

The Helper Bees, a company dedicated to helping seniors age in place, has clinched $35 million in a recent funding round, setting its sights on expanding into the Medicaid space and growing its market presence.

Funding and Expansion Plans

With this Series C funding announcement, The Helper Bees aims to enhance its partnerships and meet the rising demand for services that enable older adults to live independently at home.

Their platform connects seniors with essential non-medical services and products, including in-home caregiving, home renovations, grocery delivery, meal prep, pest control, cleaning, and transportation.

Leading this funding initiative is Centana Growth Partners, joined by notable investors such as Silverton Partners, Impact Engine, Northwestern Mutual Future Ventures, and Alumni Ventures.

Impact on Aging in Place Movement

The company’s CEO highlighted this funding as a pivotal moment for both The Helper Bees and the broader movement promoting aging in place.

With Centana’s support, the firm is poised to amplify its impact and help more seniors achieve safe, independent living.

A partner at Centana remarked that this investment reflects a growing demand for solutions that allow seniors to remain in their homes.

The Helper Bees is streamlining access to independent living services just when it’s needed most.

Their recent introduction of a flexible spending card demonstrates their ability to adapt to changing market demands.

This funding will also bolster The Helper Bees’ network of partnerships and help them tap into new markets, particularly Medicaid.

Their website already showcases a partnership with Mutual of Omaha, whose Mortgage division excels in Home Equity Conversion Mortgage (HECM) endorsements.

Source: Housingwire