IMPROVING WELL-BEING, INDEPENDENCE AND SOCIAL CONNECTIONS
Today, loneliness has become a global epidemic worse than tobacco or obesity. One in four Australians feel lonely. The current model of care has been built around providing personal and medical care. Making it complex, expensive and does not allow for choice or control.
At the same time, there is an under-supply of support workers in the disability and
aged care sectors. By 2050, the aged care workforce alone needs to almost triple to 980,000 workers.
Homecare Heroes provides a trusted digital marketplace connecting people in need to a vetted community of local everyday Heroes. Homecare Heroes focuses on the provision of social care, as distinct from medical or personal care, and estimate that this sector is worth more than $8.5b each year.
Pangaea Impact Investments is proud to be an investor in Homecare Heroes having participated in the company's Series A capital raise in February 2020.