How Much Did OnHand Raise?
Funding & Key Investors

OnHand, a UK-based platform connecting volunteers with older adults needing assistance, has secured significant enterprise-level funding, including a recent major strategic investment. The total capital raised to date stands at $5.4M, with the latest financing round contributing $4M to the company's growth initiatives. This infusion of capital underscores the growing recognition of onHand's model in addressing social needs through technology.

What is OnHand?

OnHand
SoftwareHuman Resources SoftwareBusiness Services

Founded in 2019 and headquartered in the United Kingdom, onHand operates a digital platform designed to facilitate everyday support for older adults by matching them with readily available volunteers. The company's mission is to leverage technology to foster community engagement and provide essential assistance, thereby enhancing the quality of life for seniors. The recent enterprise-level funding suggests a transition towards scaling operations and expanding its reach within the social impact technology sector.

How much funding has OnHand raised?

OnHand has raised a total of $5.4M across 2 funding rounds:

2021

Unspecified

$1.4M

2023

Other Financing Round

$4M

Unspecified (2021): $1.4M with participation from Dhiraj Mukherjee and Northstar Ventures

Other Financing Round (2023): $4M led by UK Research & Innovation, Northstar Ventures, and 24Haymarket

Key Investors in OnHand

UK Research & Innovation

UK Research & Innovation is a non-departmental public body focused on fostering research and innovation across the UK, supporting environments where scientific and technological advancements can flourish.

Northstar Ventures

Northstar Ventures is a venture capital firm specializing in early-stage, high-growth businesses, managing funds aimed at accelerating innovative companies within the North East of England.

24Haymarket

24Haymarket Limited is a private investment network that provides capital and operational support to entrepreneurs and their ventures, focusing on high-potential businesses.

What's next for OnHand?

With the recent strategic investment and substantial total funding, onHand is poised for accelerated expansion. The company is likely to focus on enhancing its platform capabilities, broadening its volunteer network, and increasing its user base among older adults. Future growth may involve strategic partnerships with local authorities, charities, and healthcare providers to further integrate its services into community support ecosystems. The sustained backing indicates investor confidence in onHand's ability to scale its social impact and achieve long-term sustainability.

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Frequently Asked Questions Regarding OnHand Financial Insights

What are the most recent funding rounds that OnHand has completed, and what were the funding rounds?
OnHand has recently completed 2 funding rounds: Other Financing Round on Jan 25, 2023, Unspecified on Jun 17, 2021.
What is the total amount of funding OnHand has raised to date?
OnHand has raised a total of $5.4M in funding to date.
How many funding rounds has OnHand completed?
OnHand has completed 2 funding rounds.
How much funding did OnHand raise in its most recent funding round?
OnHand raised $4M in its most recent funding round.
Who are the lead investors in OnHand's latest funding round?
The lead investor in OnHand's latest funding round was UK Research & Innovation. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in OnHand's history?
The largest funding round in OnHand's history was $4M.
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