Envoy Inc. raises $3 million to enter local markets

envoy incPHOENIX: San Francisco-based Envoy Inc. has raised $3 million in seed funding for an app that helps people care for their aging parents without putting them into assisted living or hiring in-home senior care before they need it. SoftTech VC led the investment.

Envoy isn’t alone. Andreessen Horowitz backed competitors Honor Technology in April, providing $15 million of a $20 million Series A, with Marc Andreessen joining the company’s board of directors.

Envoy’s mobile app lets family members find, communicate with and pay for a prescreened family concierge. These helpers agree to go to a senior’s home for various errands for at least 2 hours a week at a cost of about $99 a month. The company offers $1 million of liability insurance with its service…

Full story covered in the Seniors Housing & Healthcare Trends.