The Helper Bees said to bag $6m Series A investment

The Helper Bees, which aims to improve the way homecare is offered, has reportedly secured a $6m Series A investment.

Silverton Partners acted as the lead investors, with contributions also coming from Austin Impact Capital, Techstars and unnamed angel investors, according to a report from Crunchbase.

The coronavirus does not appear to be hampering The Helper Bees’ growth. Before the pandemic began, the InsurTech had a team of just 23, but within five weeks it had grown to 140, the article claims.

Furthermore, the company recently acquired Dimensions, a nursing care management platform, and is eyeing moves into other verticals including worker’s compensation and disability insurance.

The Hepler Bees platform partners with insurance companies and families to provide people with quality care with less hassle. According to the Crunchbase article, the InsurTech is partnered with 12 carriers and increased its revenue eight-times in the past year.

Last year, The Helper Bees partnered with US commercial property and casualty insurance firm CNA with the goal of improving policyholders’ claim processes. Through this deal, CNA claimants using in-home caregivers have access to digital claims invoicing, removing the need of manual timesheets.

Copyright © 2020 FinTech Global

Enjoying the stories?

Subscribe to our weekly InsurTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.