How Much Did OnHand Raise?
Funding & Key Investors

OnHand, a prominent player in the UK social impact technology sector, has successfully secured a major strategic investment to accelerate its mission of connecting volunteers with older adults. This latest capital injection, totaling $4M, underscores the company's growing influence in the digital care landscape. With a cumulative financial backing of $5.4M, the organization is well-positioned to scale its operations and enhance its proprietary volunteer matching platform, which addresses critical gaps in community support and elderly care.

The funding trajectory reflects a robust growth phase, moving from initial development to a more mature enterprise-level operation. By leveraging this recent infusion of capital, OnHand aims to solidify its market position as a leader in sustainable community engagement, ensuring that its technology-driven solutions remain at the forefront of the social care industry.

What is OnHand?

OnHand
SoftwareHuman Resources SoftwareBusiness Services

Founded in 2019, OnHand operates a sophisticated digital platform designed to bridge the gap between community volunteers and older adults requiring assistance with daily tasks. By integrating technology into the social care ecosystem, the company facilitates meaningful connections that improve the quality of life for vulnerable populations while fostering a culture of active citizenship. The platform serves as a vital tool for enterprise social responsibility programs, allowing organizations to mobilize their workforce for social good. Through its innovative approach, OnHand has effectively transformed traditional volunteering into a scalable, tech-enabled service that addresses the complexities of modern social care.

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 Northstar Ventures and Dhiraj Mukherjee

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

Key Investors in OnHand

Northstar Ventures

A venture capital firm focused on high-growth businesses in the North East of England, specializing in early-stage development and seed capital.

24Haymarket

A private network of experienced investors and operators providing strategic capital and support to exceptional entrepreneurs.

UK Research & Innovation

A non-departmental public body that partners with research organizations and businesses to foster innovation and scientific advancement in the UK.

What's next for OnHand?

Looking ahead, the strategic deployment of $4M will likely focus on expanding the platform's reach across the United Kingdom and potentially exploring new international markets. The company is expected to prioritize the enhancement of its matching algorithms to improve user experience and operational efficiency. Furthermore, as OnHand transitions into a more mature enterprise-level entity, it will likely seek to deepen its partnerships with public sector bodies and large-scale corporate entities to integrate its services into broader health and social care frameworks. This strategic roadmap emphasizes long-term sustainability and the continued scaling of its impact-driven business model.

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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 Northstar Ventures. 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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