Senior Housing News December 5, 2024
Andrew Christman

Senior living tech company Sage has secured an additional $35 million in Series B funding, which it plans to use to “bridge planned and unplanned care,” according to CEO Raj Mehra.

Institutional Venture Partners (IVP) led the funding round, with participation from Friends & Family Capital and Plus Capital. Existing Sage investors Maveron, Goldcrest Capital, Distributed Ventures, and Animo Ventures also participated.

“By continuously monitoring daily resident needs, our system, validated by human input, can dynamically adapt care plans. This stands in stark contrast to the current standard, where plans may only be updated quarterly or semi-annually,” Mehra said. “Older adults don’t have static needs for six months; their acuity can shift within days. By providing timely interventions during these...

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Topics: Investments, Post-Acute Care, Provider, Trends
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