The Helper Bees Receives $35 Million Funding to Expand Medicaid and Payment Innovation

Deal News | Jan 28, 2025 | Silverton Partners LP

The Helper Bees Receives $35 Million Funding to Expand Medicaid and Payment Innovation

The Helper Bees, a leading platform aimed at enhancing the independent lives of older adults, successfully concluded a $35 million Series C funding round led by Centana Growth Partners. Existing investors such as Silverton Partners, Impact Engine, Northwestern Mutual Future Ventures, and Alumni Ventures also participated in the round. This funding will notably support the company's strategic expansion into Medicaid services and payment innovation. The Helper Bees’ platform offers a comprehensive suite of services including caregiving, home modifications, meal deliveries, and more, empowered by over 20,000 providers in collaboration with 43 major payers. Their new flexible spending card, aimed at streamlining the payment process, further highlights their commitment to removing barriers in delivering coordinated in-home services.

Sectors

  • Healthcare Services
  • Financial Services
  • Technology

Geography

  • United States – The Helper Bees is based in Austin, Texas, and its operations, including Medicaid expansion and a network of providers, are within the U.S.

Industry

  • Healthcare Services – The article focuses on The Helper Bees' services in healthcare for older adults, including caregiving and home care solutions.
  • Financial Services – Financial innovation is highlighted through The Helper Bees' development of a flexible spending card, underscoring the article's association with financial service solutions.
  • Technology – The Helper Bees leverages a tech-forward platform to deliver its services, emphasizing the industry's relevance to the article.

Financials

  • $35 million – The amount raised by The Helper Bees in the Series C funding round.

Participants

NameRoleTypeDescription
The Helper BeesTarget CompanyCompanyA technology platform focused on enhancing the aging-in-place experience for older adults.
Centana Growth PartnersBidding CompanyCompanyLed the $35 million Series C funding round for The Helper Bees.
Silverton PartnersExisting InvestorCompanyExisting investor in The Helper Bees and participant in the Series C funding round.
Impact EngineExisting InvestorCompanyParticipated in the Series C funding round as an existing investor.
Northwestern Mutual Future VenturesExisting InvestorCompanyParticipated in the Series C funding round as an existing investor.
Alumni VenturesExisting InvestorCompanyParticipated in the Series C funding round as an existing investor.
Char Hu, PhDCEOPersonCEO of The Helper Bees, providing commentary on the funding round and company strategy.
Eric ByunnPartner at Centana Growth PartnersPersonProvided insights from Centana Growth Partners regarding the investment and strategic alignment with The Helper Bees.