How Much Did Honor Raise? Headquarters, Funding & Key Investors

Honor has raised $325 million in equity funding and $300 million in debt financing, reaching a valuation of $1.25 billion as of October 2021. With backing from top investors like Baillie Gifford, T. Rowe Price, and Prosus Ventures, the company’s growth accelerated after acquiring Home Instead, one of the world’s largest home care networks. Founded in 2014, Honor has become a key player in the healthcare and assistive tech sector, leveraging AI-driven tools and case management platforms to improve the quality of in-home senior care globally.

How Much Did Honor Raise? Funding & Key Investors

Honor is a leading home care and senior care services provider focused on improving health, wellness, and independence for older adults. Its innovative platform connects families with trusted caregivers and supports Medicaid assistance, wellness programs, and case management services. By combining human compassion with technology, Honor ensures aging adults receive quality care at home while simplifying coordination for families and healthcare providers.

What Is Honor and What Does It Do?

Founded in 2014 in Concord, California, by Cameron Ring, Monica Lo, Sandy Jen, and Seth Sternberg, Honor offers a senior care network and technology platform that enhances in-home care through personalized services and digital health solutions.

With a team of 2,258 employees as of December 2023, Honor operates globally, especially after acquiring Home Instead in 2021, which expanded its reach across the U.S. and international markets.

How Much Funding Has Honor Raised?

Series A

Amount Raised: $20M
Date: April 2015
Lead Investors: Andreessen Horowitz
Motivation: To establish the company’s foundation and develop its initial technology platform.

Series B

Amount Raised: $45M
Date: August 2016
Lead Investors: Thrive Capital
Motivation: To expand market reach and strengthen the technology offering.

Series C

Amount Raised: $50M
Date: May 2018
Lead Investors: Prosus & Naspers
Motivation: To scale operations and improve care delivery models.

Series D

Amount Raised: $140M
Date: October 2020
Lead Investors: Baillie Gifford, T. Rowe Price
Motivation: To support the acquisition of Home Instead and accelerate global expansion.

Series E

Amount Raised: $70M
Date: October 2021
Lead Investors: Baillie Gifford
Motivation: To enhance technology infrastructure and strengthen global operations.

Debt Financing

Amount Raised: $300M
Date: October 2021
Lead Investors: Perceptive Advisors
Motivation: To leverage growth capital and fund expansion efficiently.

Total Funding Raised: $325M (Equity) + $300M (Debt)

Current Valuation: $1.25 Billion (as of October 2021)

Latest Funding Date: October 2021

Key Investors

Baillie Gifford

Details: Edinburgh-based investment firm renowned for its long-term strategy in innovative sectors.
Investment Focus Areas: Technology, healthcare, consumer goods.
Notable Investments: Tesla, Amazon, Spotify.

T. Rowe Price

Details: Global asset management firm headquartered in Baltimore, offering diverse investment solutions.
Investment Focus Areas: Technology, healthcare, and financial services.
Notable Investments: Google, Facebook, Amazon.

Prosus Ventures

Details: Venture capital arm of Prosus, one of the largest tech investors worldwide.
Investment Focus Areas: Technology, internet, e-commerce.
Notable Investments: Tencent, Delivery Hero, Swiggy.

Andreessen Horowitz

Details: Silicon Valley VC firm known for supporting transformative software and internet companies.
Investment Focus Areas: Technology, software, AI, and healthcare.
Notable Investments: Facebook, Airbnb, Lyft.

Where Is Honor’s Headquarters?

Honor’s headquarters is in Omaha, United States, strategically chosen after it acquires Home Instead, which is based there. This location strengthens its national network, offering access to a vast caregiver base and proximity to healthcare partners while ensuring seamless service coverage across major U.S. markets.

What’s Next for Honor?

Honor aims to deepen its integration with the Home Instead network and expand its presence in the $500B global home care market. By investing in AI-driven caregiver matching, predictive care analytics, and real-time wellness tracking, the company aims to improve patient outcomes and enhance caregiver efficiency.

Honor’s mission remains clear to redefine aging by combining compassionate human care with innovative technology for sustainable, dignified living.

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