Agetech Is Buzzing


With nearly 30 deals in June alone, it's clear that Agetech isn't slowing down. Last month we saw value-based care startup CareBridge hit unicorn status after scoring $140M in a new funding round, home health platform Birdie announced a $30M Series B to transform elderly care, and VoiceFriend acquired Caremerge. Read on to see a recap of all June Agetech activity!

As more players enter the industry, don't forget to check out our Startup Directory to find active startups that are working to improve the lives of older adults and their caregivers. Let us know if we're missing anybody by emailing hello@agetech.news.


June Highlights

🦄 Home and community value-based care startup CareBridge scooped up $140 million in a new funding round, bringing it’s total valuation to more than $1B (Mobi Health News)

Aledade, which works with primary care providers to build tech-enabled accountable care organizations, raised $123M in a Series E funding round to offer more value-based care arrangements for seniors covered by Medicare Advantage (Mobi Health News)

Nomad Health, an online job portal for temporary healthcare workers, scooped up $105M in equity and debt financing (Mobi Health News)

Tomorrow Health, a home-based care company, raised $60M in Series B funding to use the funds to accelerate its expanding partnerships and grow in new markets (FinSMEs)

Cognito Therapeutics, which is developing a headset that feeds a patient light and sound to drive changes in the brains of people experiencing cognitive decline, scored $50M in funding (STAT)

Ordr, which seeks to help companies manage and secure the growing number of connected devices in the IoT, closed a $40M Series C (Crunchbase)

Medallion, a provider management platform that automates licensing, continuing education tracking, credentialing and compliance, closed a $35M Series C round which will be used to help the startup attract more hospital and health system customers (MedCityNews)

Online healthcare marketplace Sesame closed a $27M Series B to ensure that consumers are aware of its platform and the savings they can get from it (MedCity News)

Healthcare data analytics startup Socially Determined announced a $26M Series B funding round to hire across the business and improve its platform (Mobi Health News)

Online caregiver training platform CareAcademy announced a $20M strategic investment round (Yahoo!)

August Health, which is digitizing senior living communities for better care, raised a $15M Series A (TechCrunch)

SamaCare, a cloud-based prior authorization platform for specialty medications, closed a $12M Series A to expand the company’s reach (PR Newswire)

Aidaly, a service that provides compensation and financial services to family caregivers, came out of stealth with $8.5M in funding to expand its services across the United States (FinSMEs)

Capitalizing on a surge of interest in health tech enablement, medical data-sharing startup Flexpa raised $8.5M in Seed funding (AXIOS)

Hank, which connects older adults to others in their community and provides events geared specifically for them, raised $7M in Seed funding (TechCrunch)

Trusty.care, a tech startup modernizing sales and marketing enablement solutions for Medicare insurance distribution, announced a $6M note round to fund growth within the health insurance carrier market (EIN Presswire)

Kins, a NYC-based hybrid-care physical therapy platform, raised $4M in Seed funding to further develop its hybrid model of in-home and virtual care delivery and expand into new markets (FinSMEs)

Vital, which standardizes healthcare data across various wearables sources to give customers a cleaned and compliant API, raised $2.9M in a Seed funding round (Vital)

De Oro raised $2.8M to commercialize its NextStride Portable gadget, which provides uniquely combined audio and visual cues to let users break free of Parkinson’s freezing (TechCrunch)

Dorvie, a startup focused on the delivery of quality home services for adults who choose to stay in their home as they age, raised $2.6M in Seed funding which will be used to bring its services to select markets around the country (FinSMEs)

Chatta TV launched this month with a leading-edge messaging and video chat service for the elderly (Agetech News)

OnShift received a strategic investment from healthcare-focused marketplace platform ShiftKey, and the companies believe their collaboration will help address current — and persistent — challenges with senior living labor (Senior Housing News)

​​Eargo Inc. shares were down 14% to $1.08 Monday after the medical device company said it has signed a definitive agreement with Patient Square Capital to raise $100 million through the sale of senior secured convertible notes, with an additional $25 million future investment subject to certain conditions (MarketWatch)

VoiceFriend, provider of the leading HIPAA-compliant, cloud-based communication platform for senior care organizations, announced today it has acquired Caremerge's family and resident engagement business. The combined company will be known as Icon and will couple VoiceFriend’s omnichannel communication technology capabilities with Caremerge’s all-in-one engagement platform (Business Wire)


Around the World

Florence, a London-based marketplace that connects vacant care home shifts to local nurses and carers looking for extra work, welcomed $35M in Series B funding to further expand the product offering to include services beyond elderly care (tech.eu)

Home healthcare tech platform Birdie announced a $30M Series B to transform elderly care (Agetech News)

Toronto-based Able Innovations, which is using robotics to transform processes for healthcare staff, scored $6M (PR Newswire)

Finland-based provider of a tech platform for elderly home care, Helppy, scored €3M to expand its operations and business reach in Europe (FinSMEs)

Axomove, a Lille, France-based digital health-tech startup which offers solutions to care and prevent physical health conditions, raised €1.6M in funding to roll out its e-health solution on a large scale (FinSMEs)

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