Total amount raised
$33 Millions
Latest funding date
10/01/2021
Location
Modern Age has successfully raised funds through a Series A round, with backing from venture capital firms Oak HC/FT and Juxtapose. The platform offers a range of services aimed at slowing down the aging process and improving overall health, including Aging Wellness Assessments, Hormone Replacement Therapy, and various Skin & Hair Treatments.
Keep reading to explore the intricacies of Modern Age's fundraising journey and the investors backing this innovative health and wellness platform.
What Is Modern Age?
Modern Age, founded in 2020 by Melissa Eamer, is a health and wellness platform based in New York City. The company operates in the health care, lifestyle, and wellness industries, focusing on making the journey of aging easier and healthier.
With an employee count ranging from 11 to 50, Modern Age offers a variety of services, including aging wellness assessments, hormone therapy, IV drip therapy, injections, and skin and hair treatments. The clinic emphasizes a holistic approach to aging, aiming to optimize health at every age.
How Much Funding Has Modern Age Raised?
- Seed Round
- Amount Raised: $6M
- Date: July 2021
- Lead Investors: Juxtapose
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop initial service offerings.
- Series A
- Amount Raised: $27M
- Date: October 2021
- Lead Investors: Oak HC/FT, GV, Juxtapose
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive talent acquisition, customer engagement, and technological innovation initiatives.
Total Amount Raised: $33M. Current Valuation: Not publicly disclosed.
Key Investors
- Oak HC/FT
- Details: Oak HC/FT is a venture and growth equity firm that invests in healthcare and financial services technology companies. The firm focuses on driving transformation in these sectors through strategic investments.
- Investment Focus Areas: Healthcare, Financial Services Technology, Growth Equity
- Notable Investments: VillageMD, Devoted Health, Poynt
- Juxtapose
- Details: Juxtapose is a venture capital firm that partners with entrepreneurs to build category-defining companies. The firm focuses on creating and investing in companies that have the potential to transform their respective industries.
- Investment Focus Areas: Consumer, Healthcare, Technology
- Notable Investments: Care/of, Tend, Orchard
- GV
- Details: GV, formerly known as Google Ventures, is the venture capital arm of Alphabet Inc. It provides seed, venture, and growth-stage funding to technology companies.
- Investment Focus Areas: Technology, Life Sciences, Consumer Products and Services
- Notable Investments: Uber, Slack, Flatiron Health
What's Next for Modern Age?
Modern Age is poised to capitalize on the growing focus on aging wellness and longevity. With $33 million in total funding, the company plans to enhance its digital capabilities, open a flagship studio in New York City, and expand its comprehensive approach to aging wellness. These initiatives present significant opportunities for growth and market expansion.
Future fundraising efforts are likely as Modern Age continues to innovate and attract investor interest. However, the company may face challenges such as competition in the aging wellness sector and the integration of digital and in-person services. Navigating these hurdles will be crucial for sustained success and market leadership.
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