The only complete source of fundings, exits and opportunities in the world of Agetech
In January we announced the creation of the Agetech Startup Directory, a catalog of active startups that are working to improve the lives of older adults and their caregivers.
Now, in the spirit of Agetech's continued growth and momentum, we are excited to share the launch of our Agetech News website! It includes the latest deals, industry news, upcoming events, and more. We will continue to add new features and content in the coming months, so stay tuned and be sure to share with your friends and colleagues!
We've seen a rapid acceleration in Agetech startup activity over the past few years and this quarter did not disappoint. With over 65 deals to report on, this newsletter is getting too large for most email clients. Gmail literally cannot handle this amount of Agetech news. Beyond our new website, we're exploring ways to fix this, including making these emails slightly more frequent going forward. We welcome your comments and ideas—email us anytime at hello@agetech.news.
Q1 Highlights
Check out episode 41 of The Vitalize Podcast, where Max Zamkow joined Justin Gordon to share how Third Act Ventures is taking Agetech from niche to mainstream.
Digital pharmacy Alto scored a $200M Series E round, which will be used to focus on future growth (Mobi Health News)
🦄 Omada Health, a digital care solution with personalized programs, hit unicorn status with $192M Series E led by Fidelity (Fierce Healthcare)
Online referral platform for senior housing, A Place for Mom, raised $175M in growth equity to aid in its transformation (Senior Housing News)
Wheel, a virtual healthcare platform, raised a $150M Series C co-led by Lightspeed Venture Partners and Tiger Global (PR Newswire)
🦄 Athelas, a remote patient monitoring startup, reached unicorn status after raising $132M in two consecutive funding rounds (Fierce Healthcare)
Medically Home, an at-home acute care company, picked up $110M in a funding round to help scale its decentralized care capabilities nationwide (Fierce Healthcare)
ConcertoCare, a tech-enabled, value-based care provider of at-home care for older adults, closed a $105M Series B funding round to scale the delivery of their comprehensive care model (GlobeNewswire)
🦄 Digital healthcare startup specializing in virtual monitoring, Cadence, reached a $1B valuation after raising $100M in an equity funding round (Bloomberg)
Senior living-focused integrated health care provider EmpowerMe Wellness raised more than $100M to develop their delivery model and support nationwide growth (Senior Housing News)
League, a healthcare platform technology company, raised a $95M Series C round to scale its platform-as-a-service offering, Health OS (Business Wire)
Autonomous vehicle technology specialist May Mobility raised $83M in a Series C round, which will be used to rapidly deploy the technology on Toyota’s autonomous-ready platforms (Phocus Wire)
connectRN, a tech-enabled platform built to improve clinicians’ lives through access to community, opportunity and support, raised $76M to support accelerating growth (Business Wire)
Gale Healthcare Solutions, a technology-enabled platform that provides staffing services in post-acute and acute healthcare settings, announced a $60M growth equity investment (Gale Healthcare Solutions)
Podimetrics, a digital health company aimed at stopping diabetes-related amputations, raised $45M in Series C funding to bulk up both research and product development teams (Axios)
Waymark, a startup enabling community based care to catalyze improvements in access and outcomes for Medicaid patients, emerged from stealth with a $45M Series A funding round (Forbes)
Pine Park Health, which brings clinical staff into senior living communities, raised $44M (Senior Housing News)
Chapter, a technology-driven Medicare Advisor, raised a $42M Series B to further build the best customer experience and hire new teammates (Business Wire)
Atlas Health, a leader in philanthropic medical financial aid, raised $40M in Series A funding to expand its AI-powered patient advocacy solution (Business Wire)
Memora Health, a technology platform for virtual care delivery and complex care management, completed a $40M financing round (Memora Health)
Healthcare.com, a search, comparison and recommendation tool for healthcare consumers, raised an additional $31.5M, extending its Series C equity of $180M in December (Refresh Miami)
Casana, a healthcare technology firm that is reinventing home-health monitoring, raised $30M in Series B funding to accelerate the development and commercialization of its first product, The Heart Seat (GlobeNewswire)
FreeWill, a tech startup that developed an online suite of tools designed for users to create wills and commit money to charitable organizations, closed a $30M Series B which will be used to invest in its product development (Startup Savant)
Nice Healthcare, which focuses on bringing affordable healthcare benefits to small and medium businesses, raised a $30M Series A to reinvent the way primary care is delivered (NewsDirect)
Vynca, a technology-enabled provider of holistic care for those with serious illnesses, secured $30M in growth capital to expand its clinical services and technology suite (PR Newswire)
Specialty pharmacy startup House Rx nets $25M in Series A funding to further expand its services (Axios)
Virtual specialty care company Story Health announced a $22.6M Series A, which will be focused on expanding its reach into the cardiology space (Mobi Health News)
Telehealth provider Antidote Health raised a $22M Series A to power its artificial-intelligence-enabled app championing low cost care (Fierce Healthcare)
Getlabs, a boots-on-the-ground accompaniment to telehealth, closed a $20M Series A to increase the number of healthcare workers hired by the platform (Tech Crunch)
Homeward, which is creating a hybrid mobile, in-person and telehealth hybrid care model,, emerged from stealth with $20M in funding to support rural communities (HIT Consultant)
AI-powered virtual care management platform Sensi.ai raised a $14M Series A (CTech)
The Helper Bees, which works with insurance carriers to allow older adults to stay in their homes as they age, raised a $12.8M Series B to expand its Aging-in-Place marketplace services and delivery to reach more customers (Silicon Hills News)
Family caregiver support platform ianacare raised a $12.1M Series A round, which will be used to scale sales, the internal teams and operations (Tech Crunch)
Kevala, a platform which helps healthcare facilities find and manage workers, snagged $12.1M to expand its services and build its platform capabilities (GeekWire)
Curve Health, leaders behind a senior care technology platform, raised a $12M oversubscribed Series A which will be used to scale up to all 50 states by the end of 2022 (Skilled Nursing News)
VisuWell, provider of virtual care solutions, announced a $10M Series B round to scale and empower the company to deliver new product offerings to meet market demand (PR Newswire)
Remote patient monitoring platform Somatix closed on a $9.4M funding round (SEC)
OpenLoop, a healthtech leader delivering full stack clinical support to companies launching and scaling virtual care services, announced an $8M Series A to further advance their operations across the United States (OpenLoop)
Yuvo Health, a leading technology-enabled administrative and managed-care solution for community health centers, raised $7.3M to advance primary care for underserved populations (Yuvo Health)
Medicare Advantage care navigator Hand in Hand Health landed $7.1M (SEC)
NourishedRx, which makes nutritious food accessible to vulnerable populations, raised $7M in Seed funding (Pulse 2.0)
Senior-focused digital fitness company Balanced scored $6.5M in Seed funding to hire more trainers and create more content (Mobi Health News)
NourishedRx, a digital health company, raised $6M in Seed funding to accelerate growth of the first intelligent food-for-health platform (PR Newswire)
Micruity, which is building the financial infrastructure to connect everyone with simplified lifetime income products for a more secure retirement, raised $5.1M in Seed financing to accelerate the expansion of its platform (Business Wire)
GoodTrust, a digital life and legacy service, raised $5M in seed funding (FinSMEs)
New health-tech company HeyRenee, created by the founders of Heal, announced an oversubscribed $4.4M Seed II funding round which brings the total raise to $8.2M - tripling the company’s valuation in just five months (Pulse 2.0)
Bateau, a startup creating business intelligence software for senior living organizations, raised a $4M round (GeekWire)
Endear Health, a digital engagement platform built for the value-based landscape, closed an oversubscribed $4M seed funding round (HIT Consultant)
Palliative care startup Koda Health snagged $3.5M in its latest Seed round to double the size of its team (Innovation Map)
Labrador Systems, which is developing a new generation of assistive robots, raised $3.1M in Seed funding to expand consumer and commercial activities (FinSMEs)
BirchAI, which is developing a software to streamline customer support for healthcare companies, landed $3.1M in Seed funding which will be used to expand and increase hiring (GeekWire)
Caribou, which aims to make medical decisions easier through its healthcare cost prediction and optimization software, grabs $3M in Seed funding to invest in product development and grow its customer success team (Tech Crunch)
Patient Pattern, a platform that identifies, manages and communicates patient risk across care settings, closed a $2M Seed funding round which will be used to double the employee count (Buffalo Inno)
Bright, a consumer healthtech company focused on beating Alzheimer’s disease, raised $600K in new financing to expand its product offering and form new partnerships (Yahoo!)
🎉 Medication price transparency tool GoodRx acquired tech-backed pharmacy platform vitaCare for $150M to expand its reach and tackle issues surrounding medication adherence (Mobi Health News)
🎉 HMP Global acquired the Senior Care Marketing & Sales Summit (SMASH) and announced the formation of a senior care division (HMP Global)
🎉 Pack4U acquired pharmacy technology company Catalyst Healthcare (Newswire)
🎉 Speak2Family scooped up fellow senior-focused voice assistant SoundMind clients for an undisclosed sum (Mobi Health News)
🎉 Post-acute data analytics company Trella Health acquired PlayMaker Health (Home Health Care News)
🎉 WellSky, which provides digital health services, scooped up patient engagement company TapCloud for an undisclosed sum (Mobi Health News)
Papa, Cigna team up to drive better health outcomes by combating loneliness (PR Newswire)
ShiftMed, a workforce management platform, and the National Association of Health Care Assistants (NAHCA), joined forces to bring one stop solution to workforce crisis (PR Newswire)
Virtual care company Teladoc partnered with Amazon to launch its telehealth service on Alexa (Healthcare Dive)
Sagewell Financial launched the first online banking platform dedicated to helping older Americans better prepare for and manage their money and retirement (Yahoo! Finance)
Retail giant Walmart and behavioral-health-coaching platform BetterUp teamed up on a new monthly subscription service aimed at supporting caregivers (Mobi Health News)
Around the World
U.K. health startup Huma, which produces applications that integrate health data from existing hospital databases and securely transmits it for use by doctors, raised roughly $33M in a round led by AstraZeneca (CNBC)
Israeli investment firm eHealth Ventures announced the establishment of $30M venture capital fund for med tech and digital health companies (Mobi Health News)
Belgian startup Nobi, known for its smart lamp that focuses on fall detection and prevention for older adults, raised €13M for international expansion (Nobi)
U.K. Startup Vira Health, which offers personalized digital therapuetics for women going through menopause, closed a $12M funding round (Tech Crunch)
Contactless health monitoring technology developer Xandar Kardian raised $10M for its vital signs radar (Mass Device)
British health-tech startup Lottie, which helps users find care homes in the UK at a fair price, raised £2.5M to improve the firms digital platform and develop new data products to support key sector stakeholders (Mobi Health News)
Optina, a Montreal-based diagnostics company focused on retinal imaging, brain health and systemic disease detection, closed a $2.1M funding round (FinSMEs)
Canadian online will platform, Willful, announced $750K bridge financing round to expand the team and invest in product expansion (Cision PR Web)