Sage Raises $9M in Seed Funding

Aug 1, 2022 1 min read
Sage Raises $9M in Seed Funding

Originally published by FinSMEs on July 29, 2022

Sage, a NYC-based technology company innovating care for older adults, raised $9 million in seed funding.

The seed round was led by Goldcrest Capital, and includes participation by existing investors ANIMO Ventures, Distributed Ventures, and Merus Capital.

The company intends to use the funds to expand its team, build out the platform, and scale its business reach,

Co-founded by Raj Mehra, Ellen Johnston, and Matt Lynch, Sage is a software platform that captures essential data to prevent emergencies and improve quality of life. The company works by connecting older adults to caregivers when they need help. Caregivers use the platform to coordinate incident responses and triage quickly and effectively. Care managers use the data collected by Sage to understand the evolution of a resident’s needs in real-time, view staff performance metrics such as incident response time, and prevent emergencies through proactive care.

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