Homecare startup Homage receives strategic investment from Japan’s Infocom

Japanese Yen

Singapore-based, on-demand homecare startup Homage has received a direct investment from Japan-based healthcare-software provider Infocom, the companies said in a press release on Tuesday. The investment amount or terms were not disclosed.

Infocom and Homage plan to collaborate on expanding regionally in Japan and Southeast Asia, the statement added.

“We aim to see a disruptive breakthrough in the long-term care market in Japan, in combination with Infocom’s extensive reach in the care services and long-term care technology market,” Mototaka Kuboi, Infocom’s managing executive officer and head of the healthcare business division, said in the statement.

“We see Homage as an ideal partner given the company’s unique cutting-edge technology and market leadership in the long-term care segment, and we aim to drive business growth not only in Homage’s core and rapidly growing market in Southeast Asia, but also regionally,” Kuboi added.

Homage’s CEO and co-founder Gillian Tee added that the deal is a precursor to further investment into technology aimed at improving patient care in Asia and Japan. “We look forward to a strong synergistic collaboration with a partner that shares our mission of transforming the long term care and health industry in Asia,” she said.

In an email to DealStreetAsia, Homage noted Infocom has a network of more than 13,000 care facilities in Japan, making it an ideal partner to enter the country.

Homage, founded in 2017, had previously raised $15.4 million from investors including Golden Gate Ventures, SeedPlus, KDV Capital, EV Growth, HealthXCapital, Alternate Ventures, Juha Paananen, Huang Shao Ning and Lim Der Shing, according to data from Crunchbase.

Infocom’s healthcare services include clinical services, drug information systems, radiology, medical imaging, and digital healthcare.

Homage is a home healthcare services provider in Singapore and Malaysia, with more than 3,000 care and medical workers in both markets, serving both consumers and organisations. Its offerings include care assessments, daily living assistance, home rehabilitation, and home medical services.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.