SeniorHomes.com announced it closed an additional $3 million in financing to accelerate the company’s growth. The funds were raised from MentorTech Ventures as well as other investors and brings the the total amount raised to $4.6 million.
Started in 2009, the company provides a senior housing directory and also serves as a lead provider for private pay operators. The latest round of financing will be used to launch new markets across the United States and develop additional categories serving the needs of aging adults.
“SeniorHomes.com currently operates in approximately 30 of the nation’s 50 largest metropolitan areas.” says Chris Rodde, CEO of SeniorHomes.com. “In the markets in which we operate today, we’ve seen great demand for our services by seniors and their families, at a time when many families are faced with making difficult choices without the advantage of advanced planning. Our exceptional team of care advisors helps families navigate what can otherwise be an overwhelming amount of information with ease and understanding.”
MentorTech Ventures is a Philadelphia based venture capital fund that has invested in companies such as Diapers.com, TicketLeap, MerchantCircle, and more. The company lead the $1.1 Million Series A round in May 2010 as well.