Who Is Investing in the Age Tech Revolution?

Who Is Investing in the Age Tech Revolution?

Originally published at www.thegerontechnologist.com on March 12, 2019

Many people consider age-tech the next big thing, and there’s little doubt, that the longevity market is in desperate need of innovation. Venture capitalists and angel investors have recognized the potential of this market and are ready to invest some money in it, in hopes of discovering the “next GreatCall”. I looked into the portfolios of some of the top VCs in the world, to find out who invests in age tech.

Generator Ventures, which has Aging2.0’s co-founder Katy Fike on its team, has backed several startups featured in the gerontech market map, such as ActiveProtective, Carelinx, TrueLink, Wellthy, Vynca, and Caremerge.

Zigler Linkage Longevity Fund has made similar investments, in Caremerge, TrueLink, Carelinx, Vynca, and Breezie. Third Act Ventures has backed Eversound and Carecoach (plus several digital health startups).

4Gen Ventures is also worth mentioning. Dominic Endicott, a partner at Nauta Capital (one of the first investors in GreatCall) and John Sviokla, are currently setting up this fund that will focus on Age-Tech.

According to Aging In Place Technology Watch, digital health is getting billions of dollars of funding each year. Older adults account for a huge chunk of health spending, much larger than their share of the population.

Consider this mission statement from Kairos, which has a focus on healthcare:

True to its mission, Kairos has backed Cera, Rosier, and iBeat, three startups that focus on the aging population.

Startup Health invests in Health Moonshots to improve the health and wellbeing of everyone in the world. They have backed Caremerge and Carepredict. Rockhealth is another digital health fund, its portfolio includes Honor, Liftware, and Neurotrack. Echo Health Ventures has backed Caremerge and Truelink.

Anderseen Horowitz’s portfolio includes startups from biotech to crypto. This fund has led one of the largest A series in age tech, Honor‘s $20 million A round. Like many generalist funds, their portfolio includes several digital health startups, such as Dr. On Demand, Cardiogram, HealthSherpa, and OmadaHealth. They have also backed health insurance startup Devoted that raised a monster $300M B round.

Khosla Ventures state they are looking for startups going after larger, billion-dollar markets. Their portfolio is diverse and ranges from 3D printing to health to transportation. In digital health and age tech, they have funded AliceCor, Catalia Health, and Neurotrack.

Other top tier VCs include Accel Partners that backed PillPack (acquired by Amazon for $1B) and Portea, a company that provides in-home health care services to older adults. Kleiner Perkins backed Mango Health & Teladoc. Bessemer backed ClearCare and Vayyar. Index Investors backed Call9, and Founders Fund that backed Neurotrack & willing.

500 Startups, a VC that also has an accelerator program, has invested in Whill, Silvernest, and Stitch. TechStars alumnus CareAcademy & Helper Bees were also funded by TechStars’ fund. Y Combinator backed Storyworth, GoGoGrandparent, willing, and Call9. MassChallenge backed Rendever and Nesterly.

Lastly, impact funds like The Social Venture Fund and Bridges Fund Management, are also looking into the aging vertical. More on this, in this report.

The age tech market is diverse and comprised of several tech verticals and business models. It is no wonder, that the funds backing it, are just as diverse. They range from top tier generalist funds to angel investors, institutional investors and even CVCs. For entrepreneurs wanting to build startups that solve real problems in a scalable way, there’s funding out there, you just have to know where to look.

Know of any other age tech investors that belong here? Contact me a link on LinkedIn or Twitter!

Who Is Investing in the Age Tech Revolution?

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