Photo by Christian Bowen Around the world 65+ is the fastest-growing age group, giving rise to the so-called longevity economy.
Startups are busy finding tech solutions to commonly neglected problems of aging—and attracting billions in venture investment along the way.
Modernizing care facilities
An estimated 80% of venture investment in age tech goes to companies developing software tools for healthcare providers. Among them:
Better care at home
An estimated 44M people in the U.S. step in as informal caregivers. These companies are developing tools to deliver better care at home:
Fighting isolation
A number of startups are coming up with novel ways to help seniors avoid feelings of loneliness and social isolation. Among them:
Preventing falls
The CDC reports that 28% of U.S. seniors fall each year at a cost of $50B. These companies are trying to reduce those numbers:
Water-based cremation
Meanwhile, Los Angeles-based Doola offers eco-friendly cremations using water instead of fire to cut energy use by 90%. Hot startups hiring now 🔥
Funding and acquisitions Toggle, a Des Moines, Iowa-based freight logistics service provider, raised $1.6M to help shipping companies operate more efficiently. The software anticipates and adjusts route plans based on conditions, helping reduce fuel costs, waste, and carbon emissions. RentCheck, a New Orleans-based startup, raised $2.6M to develop a system for automated property inspections. The company's platform allows property managers to conduct remote property inspections, simplifying the process of returning a renter's security deposit. The company, a New Orleans Entrepreneurship Week winner, previously raised $1M. Codelicious, a Boston-based computer science curriculum platform, raised $3.8M to develop more coursework and expand into new schools. The company provides full-year computer science curriculum to K-12 schools in 23 states. Sinai Technologies, a San Francisco-based decarbonization platform, raised $10M led by Obvious Ventures to build out its platform that allows manufacturers, utilities, farmers, and others to measure and mitigate their carbon emissions. |
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