What is OnHand?
Founded in 2019 and operating out of the United Kingdom, onHand has developed a platform designed to facilitate everyday assistance for older adults by matching them with readily available volunteers. The company's mission is to bridge the gap in community support, providing a vital service that enhances the quality of life for seniors while fostering a sense of community engagement. The platform's technology aims to streamline the process of volunteer coordination and task management, ensuring efficient and reliable support.
How much funding has OnHand raised?
OnHand has raised a total of $5.4M across 2 funding rounds:
Unspecified
$1.4M
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
Dhiraj Mukherjee
Dhiraj Mukherjee is a notable figure in the tech investment landscape, known for his early backing of companies like Shazam and OpenAI. His expertise lies in guiding organizations through transformation and embracing future challenges, with a focus on technology and innovation.
Northstar Ventures
Northstar Ventures is a venture capital firm focused on building high-growth businesses, particularly in the North East of England. They specialize in investing in innovative, early-stage companies with significant growth potential, providing seed capital and support.
24Haymarket
24Haymarket Limited is a private investment network that partners with entrepreneurs to provide capital and operational support for their ventures. They focus on identifying and backing exceptional business opportunities.
What's next for OnHand?
The recent major strategic investment signifies a pivotal moment for onHand, positioning it for substantial scaling and further development of its innovative platform. This backing, alongside its total funding of $5.4M, suggests the company is moving beyond its initial development phase into a growth-focused stage. Future initiatives will likely involve expanding its operational reach, enhancing its technological capabilities, and potentially exploring new service verticals to support a broader demographic. The strategic nature of the recent financing indicates a focus on long-term value creation and market leadership in the social support technology sector.
See full OnHand company page
