What You Should Know:
– Rippl, a provider of virtual dementia care raises $23M ina Series A funding round led by Tina Hoang-To, Founding General Partner at Kin Ventures, with participation from existing investors including ARCH Venture Partners, General Catalyst, GV (Google Ventures), F-Prime, Mass General Brigham Ventures, and 1843 Capital. JSL Health also joined the round as a new investor.
– The need for accessible and compassionate dementia care is more critical than ever. With this new funding, Rippl is well-positioned to lead the way in providing comprehensive support to individuals with dementia and their families.
Expansion Plans for Addressing the Urgent Need for Dementia Care
The need for accessible and compassionate dementia care is more critical than ever. With the number of individuals living with dementia on the rise, Rippl is committed to leading the way in providing support and resources to families facing this challenging disease.
The funding will be used to drive three key areas of growth:
1. Expanding Geographic Reach
Rippl is committed to increasing access to its virtual dementia care services across the country. Earlier this year, Rippl partnered with the Alzheimer’s Association® to combine their expertise and resources, currently serving patients and families in Washington, Texas, Illinois, and Missouri. With this new funding, Rippl plans to expand its coverage to several new states over the next four years, including California, Florida, and Arizona.
2. Developing New Payment Models, Particularly Value-Based Care
Rippl is dedicated to partnering with Medicare Advantage Plans, ACOs, and other payers and providers to deliver its comprehensive care model in value-based arrangements. Furthermore, the company’s Dementia Care Navigation Service, developed in collaboration with the Alzheimer’s Association, was recently selected by the Centers for Medicare & Medicaid Services (CMS) to participate in the Guiding an Improved Dementia Experience Model (GUIDE), a new alternative payment model launched in July 2024. This service is already making a difference by providing crucial support to individuals with dementia and their caregivers at no cost.
3. Enhancing Technology and AI Capabilities
Rippl will leverage the Series A funding to accelerate its technology roadmap, including advancements in AI and machine learning. In April, Rippl acquired Kinto, an AI-enabled dementia caregiver support platform. This acquisition, combined with the new funding, will enable Rippl to enhance patient and caregiver support through innovative technology and AI tools, further improving the scalability and effectiveness of its platform.
“With this investment, we will continue to deliver on our mission to provide the highest quality support for those navigating the challenges of dementia. People affected by this disease have been undervalued and underserved for far too long. We founded Rippl to dramatically expand access to the highest quality, speciality care for patients, caregivers and families struggling with this disease. And, keep them at home and out of the ED and hospital, a place they end up far too often. This new funding is a testament to the confidence our investors have in our vision,” said Kris Engskov, Rippl Co-founder and CEO.
