Oneva

Platform For Caregiver Services

Company Information

Website:

http://www.oneva.com/

Sector:

Homecare Services

Location:

Oakland, CA

Oneva helps users find trustworthy care providers for the whole family.

On Oneva’s platform, users can find, book, and pay for services for infants, children, adults, seniors, and even pets.

In addition, users can book services including driving, house cleaning, and house sitting.

Together, the market for care services in these sectors is projected to reach $200 billion in annual revenue by 2020.

Rather than offering its platform directly to consumers, Oneva integrates into the HR services of large corporations, similar to how big companies handle health, dental, and retirement services for their employees.

As a result, employees can pay for services directly from their paychecks, while companies can provide Oneva’s services to employees as a workplace benefit.

The inspiration for Oneva started when co-founder Anita Gardyne left her job to care for her children. She started Oneva with a focus on infant care services, but then her mother suffered a stroke. Understanding the market need both for child and elder care providers, Anita expanded Oneva’s services to include care for seniors.

This expansion has enabled Oneva to target the 48 million Americans over 65 years old, a demographic projected to reach 88 million by 2050.

Those looking for services log onto Oneva’s platform, and search among specialized caregivers looking for work. Caregivers set their own rates and Oneva marks up those rates to earn revenues for itself. Unlike other care companies, all caregivers on Oneva’s platform are required to pass an FBI background check.

Users are billed hourly for services they purchase. They can pay for services using their own funds, or redeem performance awards or grants offered to them by their employer.

Employers offering Oneva’s service are charged a one-time platform set-up fee, along with recurring annual maintenance and support fees.

In 2017, Oneva was tested through a year-long pilot program at Microsoft.

During this program, users purchased more than 1,800 hours of care, and 40% of families requested at least three services. Microsoft employees paid a markup of 44% for services during this pilot, which translated to a 30% margin for Oneva.

The company has captured multiple awards at start-up competitions, including winning Best Start-up Silicon Valley in 2015, and placing second at San Francisco’s TechCrunch Disrupt in 2017. Disrupt is a series of regional competitions where early-stage companies compete for prizes and the interest of top venture capital investors.

Anita’s husband, and Oneva’s Chief Technology Officer, Robert Gardyne, formerly served as an engineering lead for three companies that achieved successful exits. This includes Xros, an IT company that develops fiber optic systems that was acquired by Nortel Networks for $3.3 billion.

In addition, Gardyne has been awarded 10 patents throughout his career, eight of which relate directly to Oneva’s technology.

Team Background

Anita Gardyne - Co-Founder & CEO

Anita brings a wealth of financial experience to Oneva.

Prior to starting the company, she served as Director of Finance for the University of California, Berkeley. While there, she was responsible for overseeing a $300 million budgeting process.

Anita formerly served as Chief Financial Officer for Seagate, a data storage company that generated $10 billion in revenue in 2017.

She formerly served as Director of Financial Planning for Quantum Corporation, a manufacturer of data storage devices.

In addition, she served as Finance Director for multiple technology companies, including IDG Channel Services Group, and Pacific Bell.

Anita earned a Bachelor’s degree in Economics and an MBA from UC Berkeley.

Robert Gardyne - Co-Founder & CTO

Robert has more than 30 years of engineering experience.

He formerly served as Chief Technology Officer for SafetySitters, a platform focused on providing in-home care services.

For nearly three years, he served as Vice President of Engineering for Jupiter Systems, a supplier of computer processors. In addition, he served in the same role for RGB Spectrum, a company providing solutions for processing audio/video wall displays.

He formerly served as Director of Hardware Engineering for Digidesign, a digital audio technology company. While there, he helped increase company revenues from $80 million to $200 million, and led a project that included collaboration with Yamaha, an electronic music company.

Robert was formerly Director of Hardware Engineering for Xros, an IT company that develops fiber optic systems. In 2000, Xros was acquired by Nortel Networks for $3.3 billion.

In addition, he served as Director of System Engineering for Stellar Semiconductor, a company producing computer graphics chips. Stellar was acquired by Broadcom in 1999 for $162 million.

Robert earned a Bachelor’s degree in Computer Architecture from UC Berkeley.

Co-Investors

Raising
$1.07 million
Committed
$55.803K (5%)
Current Valuation
$15 million Cap / 0% Discount
Min. Investment
$100
Deal Type
Title III
(For all investors)
Offering Type
SAFE
Finance History
  • $191K
    2015-08-01
    Unknown
  • $462.5K
    2016-11-01
    Unknown
  • $108K
    2017-02-01
    Unknown
  • $347K
    2017-08-01
    Unknown
  • $411K
    2018-05-01
    Unknown
Notable Investors
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