Agetech News No. 16

Jun 9, 2022 3 min read
Agetech News No. 16

Agetech is Heating Up; Join Our Upcoming Webinar

As the weather warms up, so does Agetech startup activity! Throughout the month of May we saw over twenty deals - including the launch of Magnify Ventures' $52M fund to tap the 'massive' care economy. Other notable deals include a $70M Series D raised by Hello Heart, a $30M Series B by Element5, and a $16.5M Series A by group support platform Circles. Read on for a recap of all May activity and to learn more about our upcoming webinar.

We're thrilled to announce the first Agetech News Webinar! On Wednesday, June 29 we will be joined by Shawn Howe to discuss the pending CHOOSE HOME legislation and how it will expand services into the home for patients discharging from hospitals—and the role technology can play in these expanded services.

Shawn Howe is the President and Co-founder of Vivizer Healthcare. Shawn transitioned into the healthcare sector in 2001 and has since worked in the pharmaceutical, medical device and post-acute care industries. Shawn brings a vast knowledge of business development leadership on how to align services across the care continuum to impact organizational changes in the healthcare market.

May Highlights

Cardiac health management company Hello Heart scooped up $70M in a Series D funding round to fuel its growth and AI capabilities (Mobi Health News)

Vivian Health, a jobs marketplace for healthcare professionals, announced a $60M primary and secondary equity investment led by Thoma Bravo to further its scale among healthcare clinicians and employers (Yahoo Finance)

Magnify Ventures looks to to tap ‘massive’ care economy with debut $52M fund (Forbes)

Healthcare automation startup Syllable secured $40M in a Series C funding round which will be used to boost patient experience with intelligent voice solutions for health system call centers and healthcare offices (PYMNTS)

Kidney health company Healthmap Solutions raised $35M to fuel its explosive growth (Healthmap Solutions)

Element5, which offers software to post-acute care facilities to help automate administrative tasks, announced a $30M Series B to increase its reach (Mobi Health News)

NeuraLight, which is applying AI to advance drug development for neurological disorders, raised $25M to build out its team and product (TechCrunch)

Homethrive, a technology-enabled healthcare service provider, raised a $20M Series B which will go towards its aggressive expansion (Home Health Care News)

Group support platform Circles, which has developed a platform for online group emotional support, scored $16.5M in Series A funding (CTech by Calcalist)

ianacare, which is helping family caregivers to get the help and practical support they need, picked up a $12.1M Series A to scale sales and operations (TechCrunch)

Miga Health, which is building a consumer product focused on heart health, raised a $12M Seed round (Crunchbase News)

Reverence, a digital home-based care coordination platform, came out of stealth with $9.5M in funding (Home Health Care News)

HomePace, a proptech that helps homeowners to access their home equity without additional debt or interest payments, announced today raising a $7 million Series A (FinLedger)

Capable Health, maker of a plug-and-play software platform for virtual care startups, raised $6M in Seed funding to expand its provider portfolio (Axios)

ThoroughCare, an integrated care coordination software platform that enables healthcare providers to deliver value-based care, raised $3M in funding (FinSMEs)

Nurse-led startup Lumify Care, an online resource and marketplace for healthcare professionals, raised a $1.25M Seed round (

BRIGHT, a startup that’s focused on brain health therapies to decelerate the progression of Alzheimer’s, raised $600K in a recent funding round (AlleyWatch)

ConnectCareHero, a digital platform combating social isolation and loneliness, recently acquired HappyGram to help older adults feel more connected to their loved ones (ConnectCareHero)

Around the World

Evondos, a provider of automated medicine dispensing services in the Nordics, secured a €42M loan in support of its global growth plans (Evondos)

Durcal, a Spanish startup creating a wearable and telehealth application for older adults, raised €8M in a recent funding round (Telefónica)

German-based healthtech startup Patronus, which is developing digital tools to improve older adults quality of life, raised $7M USD in Seed funding to expand its set of products (FinSMEs)

PillSorted, a Cambridge based startup that combines automation with a personalized medication delivery service, raised $6M in Seed funding (Tech Crunch)

Bluezone, a London-based insuretech company reinventing life insurance for people with chronic illnesses, announced a £1.5M Seed round to expand its team and launch its product (Fintech Finance & News)

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