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Five Good Friends

Five Good Friends is an ageing platform that offers domestic assistance, personal care services, and more.

Backed by

TPGTPG

EQUITY on April 9, 2025

About

Five Good Friends operates a technology-led home care company and Lookout SaaS platform that automates check‑in/out, care notes, family access, client escalation and complex rostering for NDIS/home-care providers.

Mission

Five Good Friends is a technology-led, data-driven home care provider that operates a care-delivery business alongside a proprietary SaaS platform called Lookout. Lookout enables automated tracking, monitoring and reporting of care quality via automatic check‑in/check‑out, recorded care notes, family access, client-data escalation to care managers, and complex rostering; it powers service delivery for over 100 home care and NDIS providers. The company delivers around 30,000 home care visits per month and has provided more than 3 million hours of care since its founding in 2016. Five Good Friends has rapidly gained share in the Australian home care market and is currently a top‑20 provider. The announced strategic investment by TPG is intended to fund continued growth and scaling of both the care services and the Lookout platform. Co‑founders Simon Lockyer and Nathan Betteridge will remain in leadership roles with significant ownership, while EQT will retain a minority stake.

Quick Facts

Founded

2015

Funding

EQUITY

Industry

Communities, Health Care, Hospital, Mobile Apps, Peer to Peer

Team Size

101-250

Headquarters

Brisbane, Queensland, Australia