Will Honor transform the Homecare industry?

On October 5th, 2021, Honor announced it raised $70 million in Series E funding, in addition to securing $300 million in debt financing. This announcement is only two months after it announced its industry-shaping acquisition of Home Instead.

The funds will be invested in operations, technology and ongoing expansion across the Home Instead network. This will triple its overall research and development budget.

Honor has a mission to fundamentally transform the highly fragmented $83 billion global Homecare market. It will be interesting to see how this turns out for Home Instead as well as its competitors.

To learn more about Honor’s future plans, check out this news article: https://homehealthcarenews.com/2021/10/honor-closes-370m-in-financing-plans-to-triple-home-care-rd-investment/