Early-stage AgeTech challenge capital company Equitage Ventures introduced the general shut of a brand new $47.3 million fund.
The spherical was once led through an funding workforce that incorporates Daniel Kaplan, Russell Hirsch (a cofounder of Generator Ventures) and Adam Kaplan (CEO of Solera Senior Dwelling).
WHAT IT DOES
Equitage Ventures supplies capital, distribution and recommendation to marketers who goal senior adults’ unmet bodily, psychological, religious and social wishes.
The corporate will use the price range to spend money on firms it deems able to remodeling healthcare into spaces the place it perceives “pressing want, actual alternative or long-term transformation.”
In a remark, Equitage Ventures stated it’ll spend money on firms interested by “compliance infrastructure for senior housing and professional nursing amenities, documentation automation for house and facility-based care, passive tracking, oral well being, dementia and behavioral well being, care navigation and circle of relatives caregiving.”
MARKET SNAPSHOT
Different firms within the senior care area come with The Helper Bees, which in January raised $35 million in a Sequence C investment spherical. The corporate used the price range to increase its platform, aiming to achieve extra seniors and building up its access into new markets equivalent to Medicaid.
In 2024, Clover Well being partnered with psychological and behavioral well being platform Quartet Well being to carry value-based behavioral healthcare to Clover contributors with serious psychological sickness via Clover House Care.
Quartet Clinicians used the Clover Assistant platform, an AI instrument aggregating knowledge to lend a hand well being suppliers make choices referring to continual stipulations. Their platform contains choices to lend a hand folks with critical psychological sickness.
In 2023, Instinct Robotics, an organization providing an AI-powered care spouse robotic for seniors experiencing loneliness, closed a $25 million investment spherical, which integrated $20 million in challenge capital and $5 million in challenge debt.
The spherical was once led through Woven Capital, Toyota’s expansion fund, and integrated participation from OurCrowd, Toyota Ventures, Western Era Funding and different buyers.
Instinct’s choices come with ElliQ, an AI-powered spouse for lonely older adults.
The corporate used the price range to fortify ElliQ’s features powered through massive language fashions (LLMs) and generative AI and to fulfill the call for for ElliQ throughout healthcare organizations and govt companies.
