Agetech News No. 24

Feb 8, 2023 4 min read
Agetech News No. 24

Last year we introduced the Agetech News Startup Directory, the largest database of its kind comprised of active startups working to improve the lives of older adults and their caregivers. Since then, we've worked to enhance the functionality of this database to even better serve our readers. With more than 1000 companies and a new format, we're thrilled to re-share the Startup Directory with you!

In other exciting news, the first episode of the Founder Series Podcast Season 2 is now live. This season we're highlighting startups who are part of the AARP Agetech Collaborative. Follow us via newsletter, Twitter and LinkedIn for weekly updates!

January Highlights

Monogram Health, a value-based specialty provider of in-home evidence-based care and benefit management services for patients living with polychronic conditions, closed on $375M of new funding (PR Newswire)

ShiftKey, a startup that connects healthcare workers and facilities, raised $300M in a recent cash infusion (MobiHealthNews)

Carbon Health, a hybrid healthcare company that combines expert care with proprietary technology for easy everyday health, received $100M from CVS Health as the initial close of its Series D round (Business Wire)

Pearl Health, a technology company focused on physician enablement and risk bearing in value-based care, raised $75M in Series B funding to expand its reach within primary care and develop new partnerships (FinSMEs)

Digital-first health insurance startup Angle Health closed a $58M Series A funding round which will be used to expand its services within the United States (SiliconANGLE)

KeyCare, provider of a virtual-first care platform built with Epic, scored $27M in Series A funding to improve patient access, expand provider capacity and streamline care delivery (FinSMEs)

Pharmacy care management company RxAnte received $25M in growth financing which will be used to expand its business reach and bring down the annual cost of under-use, over-use and misuse of prescription drugs (FinSMEs)

Alio, which uses remote patient monitoring to manage chronic conditions, raised $18M in Series C funding led by Widjaja Family Investment Office (FinSMEs)

Insuretech startup iLife Technologies raised $17M in a Series A round (AXIOS)

Hume AI, a startup aiming to endow technology with the emotional intelligence needed to understand and care for human well-being, raised $12.7M in a Series A funding round (FinSMEs)

Splitero, a financial company that provides homeowners with options to access their home equity, landed $11.7M in Series A funding with plans to expand into other states in 2023 (FinSMEs)

Wisdo Health, provider of a peer support platform focused on ending social isolation, raised an additional $5M in funding to close its $11M Series A (FinSMEs)

ModifyHealth, provider of a nationwide food as medicine platform and medically tailored meals, raised $10M in Series B funding which will be used to support its continued growth (FinSMEs)

Nourish, a startup connecting users with registered dietitians (RD) via telehealth scored an $8M Seed round to be able to contribute to solving the American healthcare crisis (TechCrunch)

Mighty Health, the first all-in-one daily health program designed for adults ages 50 and up, announced $7.6M in new financing to expand its partnership footprint and launch multiple programs (HIT Consultant)

Herself Health, a healthcare technology company designed to deliver advanced primary care to women over 65, landed $7M in Seed funding to expand its business reach (FinSMEs)

Porter, provider of a healthcare IT and services platform, secured $5.4M in Seed funding to strengthen its position as a technology and clinical services platform for care coordination and quality optimization (FinSMEs)

Mobile-first, client-centric financial monitoring platform, Elements, announced a $5M Seed extension round to support its continued growth trajectory (Business Wire)

Prescribe FIT, a remote monitoring and virtual lifestyle health startup, scored $4M in Seed funding to scale their solution this year and beyond (FinSMEs)

Starling Medical, poised to launch its smart at-home urine diagnostic patient-monitoring platform, closed on $3.4M in Seed funding (TechCrunch)

Hello Robot, which creates assistive mobile manipulator robots that aim to help aging adults with cognitive and physical impairments, received a grant worth $2.5M by the National Institute on Aging to further develop its Stretch Cognitive and Physical Assistant (YouAreUNLTD)

Cari Health, a digital health startup that is focused on wearable remote medication monitoring, scored $2.3M in Seed funding to expand its intellectual property portfolio (FinSMEs)

Free from Market, provider of a patient-driven digital platform, scored $2.1M in Seed funding to enhance its proprietary technology and expand its service delivery model (FinSMEs)

Respiratory care and technology-enabled home medical equipment company Viemed invested $2M in ModoHealth, a value-based care and patient management platform connecting payors, patients and post-acute providers (Healthcare IT Today)

Xander, the creator of captioning glasses for people experiencing hearing loss, raised a $1.4M Pre-seed funding round to accelerate its market launch (Xander)

Digital healthcare company TapRoot, creator of a cloud-based platform that caregivers access to mitigate behavioral episodes due to cognitive decline, closed a $1.4M Seed round (TapRoot)

The a2 Collective announced the selection of 33 pilot projects for a2 Pilot Awards funding as part of a national AgeTech competition that has allocated $40M to fund technology demonstration projects over the next five years (PR Newswire)

Monique Woodard unveiled Cake Ventures, a new $17M fund focused on demographic change (Forbes)

Pharmacy and retail giant CVS Health (NYSE: CVS) is exploring buying value-based health care provider Oak Street Health (NYSE: OSH) in a deal that could be valued at more than $10 billion (Senior Housing News)

Arrive Health recently acquired a suite of patient engagement and automation technologies developed at UPMC (MedCityNews)

Caregiving training platform CareAcademy announced that it has acquired NextStep, a digital healthcare training and job placement company for certified nursing assistants (Home Health Care News)

Around the World

UK-based based Peppy, which offers gender-related health services through employers, raised a $45M Series B to expand into the US market (MobiHealthNews)

India-based diabetes reversal health-tech startup Breathe Well-being raised $6.14M in a Pre-Series Round to strengthen its coaching academy, expand core team and scale up its technology platform (Inc42)

Docline, a Malaga, Spain-based healthtech company, raised €3M (~$3.7M) led by SEAF and EmergingTech Ventures, with participation from Sherry Ventures and other funds (FinSMEs)

Waire Health, a Dunfermline, Scotland, UK-based provider of a remote patient monitoring device, raised £2M (~$2.5M) led by Eos Advisory and Scottish Enterprise (FinSMEs)

Cambridge Cognition, which develops and markets digital solutions to assess brain health, announced the acquisition of Winterlight Labs, a company monitoring cognitive impairment through free-speech analysis (NewsnReleases)

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