What You Should Know:
Bold, a Los Angeles-based healthy aging platform raises $17M in Series A funding led by Rethink Impact, with participation from Samsung Next and existing investors Andreessen Horowitz (a16z) Bio + Health, Khosla Ventures, GingerBread Capital, and Primetime Partners. The latest funding, bringing its total amount raised to $27M. The company plans to utilize the capital to support Bold's continued expansion with national and regional Medicare plans and provider
Read More
Aging Care
Age Tech: Supporting Better Patient Outcomes in Senior Care
Your grandparent has arthritis in their knees, which can make it difficult for them to walk around their home. What if they had access to robot limbs to help them move around more independently without experiencing pain? Your parent has been diagnosed with a heart condition, and your entire family is constantly worried about their health. What if a device worn on their wrist could monitor their vitals all day, alerting you and their caregivers of anything concerning? Your grandparent has been
Read More
DUOS Raises $10M to Empower Older Adults to Live Independently
What You Should Know:
DUOS, a digital health company focused on empowering older adults to live independently, announced today an additional $10M in funding led by Primetime Partners, SJF Ventures, and CEOC's Aging Innovation Fund managed by Castellan Group. Founded in 2020, DUOS focuses on older adults' aging needs and maximizes their well-being by connecting them with untapped health plan benefits and building high-trust relationships. The DUOS' System of Aging technology connects
Read More
Walmart and Avanlee Care Team Up to Aid Caregivers
What You Should Know:
- Avanlee Care, a digital health tool for today’s caregivers is teaming up with Walmart to support the 65 million Americans currently caring for aging family members. As a part of Walmart’s “New Year Reset” program, the Avanlee Care app will be displayed and promoted at supercenter locations throughout Florida in the pharmacy and grocery sections of the stores.
- This collaboration is the first of its kind for both brands. The partnership serves to educate and
Read More
Naborforce Raises $9M to Connect Older Adults to On-Demand Support & Engagement
What You Should Know:
- Naborforce, a high-growth elder tech company that connects older adults to a network of trusted "Nabors" for on-demand support and social engagement, announced the closing of a $9 million Series A financing round led by Translink Capital.
- Translink Capital, a global venture capital firm headquartered in Silicon Valley, is joined by existing investors Claritas Capital The Artemis Fund, and TechStars. Naborforce will use the financing to further invest in its
Read More
Character Biosciences Raises $18M to Expand Precision Medicine Platform for Diseases of Aging
What You Should Know:
- Character Biosciences (“Character”), a precision medicine platform for diseases of aging raises $18M in a new funding round led by Innovation Endeavors, alongside leading life sciences investors Section 32 and Catalio Capital Management. Formerly known as Clover Therapeutics, the company’s data-driven approach integrates genomics, deep phenotyping and machine learning for target and biomarker discovery.
- The company will use the funding to advance the frontiers of
Read More
GrandPad’s Tablet for Seniors now Available on Amazon.com
What You Should Know:
- GrandPad, the purpose-built tablet solution designed for people over the age of 75, announced today that seniors and family caregivers can now purchase the GrandPad tablet online at Amazon.com.
- Availability on Amazon.com expands the reach of GrandPad senior-friendly tablets to millions of older adults, families, and caregivers in an effort to reduce isolation and loneliness that can diminish health and wellbeing.
GrandPad® is the smartest, simplest, and safest
Read More
Senior Companion Platform Papa Raises $150M at $1.4B Valuation
What You Should Know:
- Senior companion and support platform Papa, today announced a $150M in Series D funding to extend the reach and scale of Papa’s innovative solution. With a valuation of $1.4B, this funding round, led by SoftBank Vision Fund 2 and with participation from TCG, Tiger Global Management, Canaan, Initialized Capital and Seven Seven Six, brings Papa’s total funding to $240 million.
- Since its 2017
Read More
UArizona Awarded $60M to Launch Precision Aging Network
What You Should Know:
- The University of Arizona has been awarded a five-year $60 million grant from the National Institutes of Health to create and lead a Precision Aging Network that could transform the way we think about the aging brain.
- The network will bring together researchers from across the country to better understand how and why people experience brain aging differently, with the ultimate goal of developing more effective treatments and interventions targeted to the
Read More
Rendever Awarded $2M NIH Grant to Research Impact of Virtual Reality on Aging Population
What You Should Know:
- Rendever, a Boston-based virtual reality (VR) platform built to help seniors overcome social isolation through shared experiences, announces that it has been awarded a $2M Phase II Grant from the National Institute on Aging (NIA), a division of the National Institutes of Health (NIH).
- This grant will fund a registered multi-site clinical trial, in conjunction with the University of California Santa Barbara, to further Rendever’s continued research on the effects
Read More
