What is Honor?
Founded in 2014, Honor represents a transformative force in the home care industry. By bridging the gap between traditional caregiving and modern technology, the company provides essential operational support to home care agencies. Following its strategic combination with Home Instead, Honor now oversees a vast network of over 100,000 professional caregivers. This market-leading position allows the company to address the complex, evolving needs of the aging demographic, effectively digitizing and optimizing the delivery of home-based health services on a global scale.
How much funding has Honor raised?
Honor has raised a total of $622M across 6 funding rounds:
Series A
$20M
Series B
$42M
Series C
$50M
Series D
$140M
Series E
$70M
Debt
$300M
Series A (2015): $20M with participation from Andreessen Horowitz
Series B (2016): $42M led by Syno Capital, Thrive Capital, 8VC, and Andreessen Horowitz
Series C (2018): $50M, investors not publicly disclosed
Series D (2020): $140M featuring Andreessen Horowitz, Baillie Gifford, T. Rowe Price Associates, 8VC, Rocks Springs, Thrive Capital, and Prosus Ventures
Series E (2021): $70M backed by T. Rowe Price, Andreessen Horowitz, Baillie Gifford, and Thrive Capital
Debt (2021): $300M with participation from Ares and Perceptive Advisors
Key Investors in Honor
Andreessen Horowitz
A prominent venture capital firm based in Menlo Park, California, known for its extensive investments in early-stage startups and established growth companies across the technology sector.
T. Rowe Price
A global asset management organization providing comprehensive investment solutions and financial services, leveraging fundamental research to identify long-term market opportunities.
Thrive Capital
A New York-based venture capital firm that specializes in strategic investments within the internet and software industries, supporting high-growth technology enterprises.
What's next for Honor?
With the recent influx of capital, Honor is well-positioned to accelerate its international expansion and deepen its technological integration within the home care ecosystem. The company is expected to leverage these resources to refine its caregiver management platform and potentially explore new service verticals that complement its existing portfolio. As the demand for high-quality, tech-enabled aging services continues to rise, Honor's strategic focus will likely remain on scaling its operational footprint while maintaining the high standards of care established by its partnership with Home Instead. Future growth will be defined by the company's ability to harmonize its digital infrastructure with the human-centric requirements of the global home care market.
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