Senior care platform Sage secures $15M and more digital health fundings
25 Oct 2023
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Source: mobihealthnews
Photo: Milos Jokic/Getty Images
Senior care technology platform Sage raised $15 million in a Series A funding round led by Maveron.
Distributed Ventures, ANIMO Ventures and Goldcrest Capital also participated in the round. Natalie Dillion, partner at Maveron, will join Sage's board of directors.
Sage offers a coordinated-care platform for senior living communities that allows residents and their caregivers to connect with care teams. The app also provides data insights to those teams on a resident's care needs and trends, recommendations, and community-performance metrics.
The company will use the funds to expand its data science team and fuel its growth.
"Sage changes the way care teams work by providing them with the ability to communicate efficiently across the team, respond to potentially life-threatening situations more quickly, and derive critical insights about their residents' care needs through data and analytics," Dillon said in a statement. "As the labor shortage among caregivers accelerates, and the U.S. population continues to skew older, the technology Sage provides helps to alleviate some of the most serious challenges in U.S. healthcare today."
Pair Team, a virtual and community-based care coordination company, announced it scored $9 million in Series A funding.
NEXT Ventures led the round, with participation from Augment Ventures, Gaingels, OCA Ventures, PTX Capital, Newark Venture Partners, CHCF Innovation Fund, Kapor Capital, Kleiner Perkins, Create Health Ventures, Y Combinator and angel investors, including Jay Desai.
The California-based company partners with healthcare centers and community-based organizations to connect high-risk Medicaid patients with care providers through their value-based care-management platform.
The platform allows care teams to provide virtual and in-person care, and Medicaid patients to access information and services such as grocery delivery, virtual therapy, medication management, housing coordination and primary care services.
Pair will use the funds to expand across California and grow its team.
"Our virtual and community-based solution builds personal and meaningful relationships with our patients to help them regain trust in and access to the health care system," Neil Batlivala, CEO and cofounder of Pair Team, said in a statement. "This latest financing will help us bring whole-person care to more patients across California and soon nationally."
Prolucent, which offers a healthcare jobs marketplace and recruiting services, announced it closed a $4 million funding round led by newly launched venture capital firm A1 Health Ventures.
A1 Health's director, Joe Greskoviak, will also join Prolucent’s board of directors.
The Texas-based company offers employers recruiting and workforce management services, including data on labor utilization and costs and tools to find job candidates and cut back on agency or outsourced labor and overtime. The platform also provides an online job-search marketplace for healthcare workers.
The company will use the funds for product innovation and to expand its workforce.
"We are excited to partner with Joe and A1 to leverage their industry expertise and resources to enable us to further expand upon our mission to develop workforce optimization solutions that will make a significant impact on healthcare labor cost containment strategies," Bruce Springer, CEO of Prolucent, said in a statement. "Joe’s business vision and operational know-how will be tremendously valuable as we embark on our next phase of growth."
Tags: Sage, Pair Team, Prolucent Health, Prolucent
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