Homeis, a social networking app for immigrants, today announced $12 million in venture capital funding co-led by Canaan Partners and Spark Capital.
Why it matters: Heated political rhetoric on immigration tends to overlook the day-to-day needs of newcomers to a community, particularly when there are language and cultural barriers, and existing social networks haven't directly addressed this ready-made target market. At the same time, vulnerable populations are likely to have elevated data privacy fears.
