The only complete source of fundings, exits and opportunities in the world of Agetech
It's a new year — and we're all ready for a fresh start. After witnessing the industry's incredible growth in 2021 we're anticipating a massive amount of innovation and disruption at the intersection of aging and technology this year. To keep up, we've been making some changes to better serve you, our readers, and the entire Agetech community. In the coming months we'll be rolling out some updates to the newsletter, this fresh new look being one, as well as some exciting projects we've been working on behind the scenes.
To kick off 2022, we’re excited to officially launch the Agetech Startup Directory! We combed through years of press releases, dozens of news sources, and even SEC filings to find every single active startup that's working to improve the lives of older adults and their caregivers. For the first time you'll be able to find information on every Agetech company in one, single place. We'll be updating The Startup Directory on a rolling basis with new content and features, so if you find that something's incorrect, or to submit a startup for inclusion, please email us at info@agetech.news.
While much is changing, our mission remains the same, to provide a complete source of the fundings, exits and opportunities in the world of Agetech. Read on to learn about the 13 acquisitions, 4 newly minted unicorns, and other news from the end of last year, and as always if you have any comments or suggestions, reach out.
Q3 and Q4 2021 Highlights
Walgreens kicked off ‘Walgreens Health’ by investing $5.5B in VillageMD and CareCentrix (link)
🦄 Devoted Health, a health insurance technology startup, raised a massive $1.1B Series D, sending valuation soaring past $12B with plans to expand across the country (link)
Cityblock Health, a primary care startup that targets the Medicaid and low-income Medicare populations, raised $400 million in funding to fuel expanded growth (link)
🦄 Honor, one of the world’s largest senior care networks, reached unicorn status after raising $370M in equity and debt, valuing the company at over $1.25B (link)
🎉 Amwell acquired two digital health tech startups, SilverCloud Health and Conversa Health, for $320M as telehealth M&A frenzy continues (link)
HealthCare.com, a data-driven insuretech platform, raised $180M in an oversubscribed financing round to accelerate its investment in data science, product development and engineering (link)
🦄 Sword Health, a provider of virtual and digital physical therapy, raised a $163M Series D and $26M secondary round which brings its total valuation up to $2B (link)
🦄 Senior care platform Papa scooped up $150M in Series D Funding, bringing its valuation to $1.4B (link)
Enhance Health, a Ft Lauderdale, FL-based digital health insurance brokerage and care navigation platform focused on serving the Medicare Advantage market, raised $150M led by Bain Capital Insurance (link)
EasyHealth, a startup focused on navigating the Medicare experience, announced a $135M Series A round to drive the independent broker space and provide technology tools (link)
Clever Care Health Plan raised a $71M Series B round to expand medicare advantage health plans to its members (link)
YuLife, a London, UK-based startup that has built a new kind of life insurance concept, raised a $70M Series B to expand and invest in the technology that powers its service (link)
🎉 Sharecare acquired Carelinx, a professional caregiver marketplace, from Generali for $65M (link)
Patina Health, an in-home and virtual primary care service, emerged out of stealth with a $57M Series A (link)
Linus Health raked in $55M to expand its digital screening and monitoring platform for Alzheimer's (link)
BioIntelliSense, a remote patient monitoring company that has created two wearable products that allow clinicians to collect health data outside of the hospital, raised $45M in Series B funding which will be used to help it grow and expand globally (link)
Telehealth company eVisit snagged a $45M Series B, which will be used to invest in the virtual platform’s technology and hire new employees (link)
Post-acute care staffing platform ShiftMed raised $45M to fuel expansion (link)
Belong Health, a platform for users on Medicare Advantage and Special Needs Plan products, raised a $40M Series A to accelerate the introduction of new care solutions for beneficiaries with complex care needs (link)
SafelyYou, a fall detection and prevention technology company, raised a $40M Series B, just months after it’s $19.5M Series A, to expand the availability of its product (link, link)
Wider Circle, a community health organization working with health plans and providers connecting neighbors to manage health, landed a $38M Series B to build out its national infrastructure, team and technologies (link)
Empathy, which offers a digital assistant to help with the practical and emotional process of bereavement, raised $30M in Series A funding link)
Medallion, a startup developing software to fix healthcare back office functions, raised a $30M Series B led by Sequoia Capital (link)
Aging-focused wellness platform Modern Age scored $27M in Series A funding to assist with talent acquisition, new products and client engagement (link)
Main Street Health, which will focus on providing value-based care in rural America, launched with a $26.4M investment (link)
Ellipsis Health, a behavioral health platform to help manage depression and anxiety at scale, raised a $26M Series A which will be used to grow its customer base and expand global partnerships (link)
MedArrive, a healthcare platform that enables payers and providers to extend medical services into the home, announced $25M in Series A funding to expand its network, grow its team and invest in its product (link)
Lifespark, developer of a tech-backed holistic system focused on healthy aging, scored $20M in Series B funding to build out its operating system and technology platform (link)
OneDay raised a $19M Series B funding round to continue expanding its video storytelling tech across industries (link)
Assured Allies, which hosts a platform that helps connect seniors to health services, scored $18.3M in a Series A funding round to scale and expand into new products (link)
🎉 LifeSpeak, a Toronto-based employee and customer wellness software company, has acquired caregiver support platform Torchlight for $17.25M (link)
Chapter, a navigation and advising tool for Medicare, snagged a $17M Series A to accelerate product development efforts and expand its team (link)
Verifiable, an API platform that automates primary source verifications to streamline healthcare provider credentialing, raised a $17M Series A to expand into insurance payers and double its team (link)
Post-acute tech company Element5 secured $15M in Series A funds, which will be used to expand the reach of its RPA and artificial intelligence solution (link)
Connie Health raised $13M in Series A funding to guide seniors through Medicare enrollment (link)
Arine, an AI-driven platform that optimizes medication management, closed an $11M Series A round which will be used to rapidly scale its team and technology (link)
Surglogs, a regulatory compliance suite for healthcare facilities, raised $10.5M in Series A funding to pursue growth in additional markets, such as skilled nursing and long-term care facilities (link)
BrainCheck, a platform that helps assess cognitive impairment, raised $10M in Series B funding to accelerate the adoption of its service (link)
Brave Health picked up $10M in Series B funding which will be used to expand access to behavioral healthcare for Medicaid patients (link)
Eterneva, which memorializes loved ones by turning their ashes into diamonds, raised a $10M Series A (link)
GetSetUp, a platform that provides niche learning courses for older adults, nabbed $10M to further adapt its technology and expand its team (link)
Peppy, a London-based B2B health platform that provides expert-led support for menopause and fertility, raised a $10M Series A (link)
Kintsugi, a vocal biomarker app that can detect depression and anxiety from 20 seconds of freeform speech, announced the close of $8M in Seed funding to scale its enterprise API platform (link)
KARE, a digital labor marketplace for senior care and post acute care facilities, raised a $7.85M Series A to drive national expansion (link)
Pair Team, providing tech-enabled care teams for community health centers, raised $7.3M in funding to build primary care infrastructure for Medicaid and underserved populations (link)
Seniorly, a platform created to help families and older adults find the right senior living home, raised $6.5M in Series A funding which will be used to accelerate funding and product development (link)
Remote patient monitoring startup HealthSnap raised $5M round to scale up sales and marketing efforts (link)
Trusty.Care, a cloud-based platform that simplifies insurance sales, closed a $4M Seed round to support company growth and expand its product offering (link)
HeyRenee, a personal care concierge platform that will ease the burden of healthcare coordination, raised $3.8M an oversubscribed funding round to launch in early 2022 (link)
Elektra Health, a technology platform that provides care, education, and a community for women going through menopause, raised $3.75M in Seed funding to grow its team and expand its solution to millions of women (link)
9am.health, a virtual diabetes clinic providing access to personalized care and affordable medications, launched with a $3.7M Seed round to grow its team and advance its virtual screening ability (link)
Cake, an online platform for end-of-life planning and navigating mortality, raised $3.7M in funding which will be used to expand its operations and business reach (link)
Alloy, a new telehealth company addressing the healthcare needs of women over 40, snagged $3.3M in Seed funding to strengthen its telehealth network, grow its team and broaden community engagement (link)
Clinify Health, a health-tech company that aims to support healthcare providers who serve Medicare patients in underserved communities, raised a $3.1M Seed to grow its team and offer new products (link)
Mighty Health, the creator of a nutrition and fitness wellness app that is tailored to older adults, launched with $2.8M in funding (link)
Naborforce, a tech-enabled company designed to connect aging adults to a network of trusted care providers, secured $2.5M in oversubscribed and upsized Seed funding round, which will be used to expand its team and geographic reach (link)
UpsideHōM, which offers fully managed apartments for older adults, raised a $2.25M Seed round to launch its core technology platform (link)
Digital health and wellbeing platform, MySense, raised a $1.7M GBP pre-seed round (link)
Personalized menopause platform Vira Health raised £1.5M in Seed funding (link)
Digitally delivered senior fitness company, Vivo Senior Fitness, raised $1.1M in Seed funding to grow their team and expand scientific research (link)
Steadiwear, which is developing a glove to combat hand tremors, raised $1.1M CAD in Seed financing to support continued manufacturing and commercialization (link)
A marketplace connecting seniors and caregivers, Meetcaregivers, and improve its care-portal raised over $1M in funding to scale its services (link)
Sharper Sense, a wearable neurotechnology that enhances vision, hearing and touch, raised a $425K Seed round (link)
The Thrive Center received a $10K grant from Home Instead to connect the older adult population to advanced healthcare solutions (link)
Online caregiving education platform Trualta received an investment for an undisclosed amount from BERKS group (link)
SafeRide Health, which is dedicated to improving the delivery of non-emergency medical transportation to people across America, closed its Series B round for an undisclosed amount (link)
AAA Washington invested in technology support and training company Candoo Tech (link)
On-demand patient ride booking company Roundtrip raised a ‘strategic investment’ round to drive expansion and hiring plans (link)
🎉 Home care software company AlayaCare acquired Delta Health Technologies to bolster US presence (link)
🎉 Retail giant Best Buy acquired Current Health, a home healthcare platform that uses biosensors to monitor a patient’s condition (link)
🎉 firstSTREET, a company that develops and sells direct-to-consumer health and lifestyle products for seniors, was acquired and rebranded as Journey Health & Lifestyle Brands (link)
🎉 Honor acquired Home Instead to transform the care experience for caregivers and older adults (link)
🎉 MyndVR, provider of virtual reality solutions for older adults, continues its expansion with acquisition of Immersive Cure (link)
🎉 TCARE, caregiver support & aging-in-place technology solutions company, acquired Ruby Home Services (link)
🎉 Trusty.care, a software company providing SaaS solutions for the healthcare insurance industry, acquired FMO Office’s commission, contracting and licensing software to launch Trusty Back Office Pro. (link)
🎉 Unite Us, a startup focused on care coordination, snapped up fellow population health company NowPow (link)
🎉 Healthcare software and services company WellSky is deepening its social determinants of health offerings by acquiring Healthify (link)
AARP, T.Rowe Price and QED kicked off AgeTech Collaborative that includes 50 startups and more than 10 investors (link)
Techstars Future of Longevity Accelerator, which focuses on innovative solutions to address the unmet needs of older adults and their caregivers, announced its Class of 2021 (link)
The Centre for Aging + Brain Health Innovation announced $1M in funding for five early-stage Canadian healthtech companies (link)
Home Care veteran DTRT Health to lead new aging in place SPAC (link)
Around the World
Mable, an Australia-based startup connecting older adults with caregivers in their communities, raised a $100M Series D led by General Atlantic (link)
Doctor Anywhere, a Singapore-based telehealth startup, raised $66M in a Series C round to further deepen its presence in current markets and augment its ability to deliver healthcare services (link)
French startup Lifen, which is building out digital infrastructure for the healthcare industry, received $58M in funding to go towards European expansion and recruitment (link)
Numan, a European medication subscription service which focuses on men’s health and wellness needs, raised $40M in a Series B funding round (link)
Singapore-based caregiving startup Homage raised $30M in Series C funding, which will be used for continued technology development and regional expansion (link)
Swedish healthtech company Doktor.se secured €29.5M to further its international expansion and develop its technical platform (link)
Berlin-based Mimi Hearing Technologies, a hearing wellbeing and audio personalization software, closed $25M in Series B funding to facilitate the expansion of sales and marketing operations in China (link)
Kenbi, a Berlin-based tech-enabled healthcare-at-home startup, raised €23.5M in funding (link)
Switzerland-based Aktiia, developer of a wearable blood-pressure monitoring system, raised a $17.5M Series A which will be used to expand its commercial presence in Europe (link)
Neuroglee, a Singapore-based startup building a digital therapeutic and virtual programs for people with mild cognitive impairment, raised $10M to build out a remote care platform and digital therapeutic for mild cognitive impairment (link)
Xandar Kardian, a Canadian company that develops contactless health monitoring solutions, raised $10M in Series A funding to expand operations and its development efforts (link)
Circles, a Tel-Aviv, Israel based mental health support platform, raised $8M in Seed funding which will be used to expand into new support services for people struggling with personal challenges (link)
UK-based Humanity, the creator of an app that tracks health data and provides recommendations to reduce biological age, launched with a $5M investment (link)
Safewill, a Sydney, Australia-based online platform for end-of-life planning, raised $3M in Series A funding to expand its workforce and geographic footprint (link)
Mirthy, a London, UK-based happiness and wellness platform for retirees, raised $1.1M (link)
Lottie, a UK-based newly launched digital marketplace connecting care seekers to care homes, closed a $500K pre-seed round (link)
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