Aging-focused wellness platform Modern Age scored $27 million in Series A funding. Oak HC/FT led the round with participation from GV and Juxtapose. This new infusion of cash brings the company’s total funding to $33 million.
WHY IT MATTERS
The company’s service is aimed at giving folks digital tools to help them through the aging process. Customers can tap into telemedicine and in-person...
Papa, a Miami-grown startup using technology to coordinate in-home senior companionship, has notched $18 million in new funding. The Series B round was led by Comcast Ventures, but also included names like Canaan, Initialized Capital, Sound Ventures, Pivotal Ventures with Magnify Ventures, Operator Partners and others.
WHAT IT DOES
Papa's platform connects college and nursing students with...
Three health tech startups and spinouts announced today a merger to become a single entity focused on delivering virtual-care products and population health insights for seniors.
Curavi Health, CarePointe and U.S. Health Systems (USHS) are set to become wholly owned subsidiaries of the new company, Arkos Health, and the executive teams of each will be merged.
UPMC's existing stake in Curavi (...
Technology-powered home care provider Cera Care has announced today the launch of its SmartCare technology in the UK after securing a $70 million financing boost.
Cera, who specialise in digitally-enabled care services for the elderly, believe the rollout of their new technology and analytics platform could “potentially [save] the NHS millions”.
WHAT IT'S FOR
SmartCare utilises machine learning...
Intuition Robotics, an artificial intelligence company that has built an in-home companion robot, has raised $36 million in Series B funding.
The raise was headed by SPARX Group and OurCrowd, with additional participation from Toyota AI Ventures, Sompo Holdings, iRobot, Union Tech Ventures, Happiness Capital, Samsung Next, Capital Point and Bloomberg Beta. It brings the AI company’s total...
This morning Papa, a startup connecting seniors to college and nursing students to stave off isolation, landed $10 million in Series A funding. The round was led by Canaan with participation from Pivotal Ventures, Initialized Capital, Y Combinator and Sound Ventures.
This comes a year after the company announced a $2.4 million seed funding round, which was led by Initialized Capital.
WHAT THEY...
Across the U.S. and Europe, the population is rapidly aging. In Finland this "silver tsunami" is particularly true.
Roughly 22% of the country’s population is over the age of 65, a figure only expected to grow over the next decade, according to Statistics Finland. Moreover, in about 50 years over a third of the population will be classified as a senior citizen.
In the nation’s capital, the...
Providing seniors with access to on-demand ridesharing services from Lyft not only facilitates access to medical appointments, but likely also reduces their social isolation and improves their quality of life, according to an independent study conducted by University of Southern California, Los Angeles researchers and published last week in the Journal of mHealth.
"Access to transportation is...
Patients who enrolled in a physical activity trial enjoyed a long-term benefit of fewer cardiovascular events and bone fractures up to four years after the intervention was completed.
According to a new review of these patients’ routine primary care records published in PLoS Medicine, the data support further rollout of pedometer-based walking programs among older adults, even if the intervention...
Aging adults living in care homes who are given and engage with robotic pets often experience health and quality of life benefits, according to a recent meta-analysis of 19 studies examining the devices.
These findings are primarily based on qualitative responses collected during the included studies. While most quantitative data obtained in the review generally supported this trend, all but an...
