Allianz backs Homethrive

Homethrive announced it has raised an additional $20 million in Series B funding, bringing its total funding to $38 million.

The round was led by Human Capital and joined by Allianz  and existing investors 7wireVentures and Pitango HealthTech.

Founded in 2018, Homethrive is a caregiving benefit provider that’s offering support for unpaid family caregivers and their loved ones. It plans to use the funds to support its expansion with self-insured employers and insurance plans and to fuel its investment in technology to create an even more personalized experience enhanced by AI and machine learning.

“A service like Homethrive is an intangible that’s inherently valuable. It’s a white-glove service navigating an important and meaningful space that we’re not accustomed to.” – Frank Due, senior vice president, head of human capital, private wealth management at Rockefeller Capital Management, a client of Homethrive.