Total amount raised
$59 Million
Latest funding date
12/1/2024
Location
Sage has successfully raised funding over three rounds, with the latest being a Series B round led by IVP. The company is backed by a total of eight investors, including notable names like IVP and Goldcrest Capital.
Keep reading to explore the intricacies of Sage's fundraising journey and the investors backing this innovative platform.
What Is Sage?
Sage is a technology company based in New York, New York, specializing in senior care technology. The company provides a comprehensive care platform that integrates nurse call systems, fall management, and real-time intelligence to support assisted living, memory care, and skilled nursing facilities.
Founded to enhance the efficiency of senior caregiving, Sage operates within the apps, social, and software industries. The company has a small team of 11-50 employees and is located at 123 West 18th Street, Floor 7, New York, NY 10011.
How Much Funding Has Sage Raised?
- Seed Round
- Amount Raised: USD 9,000,000
- Date: July 2022
- Lead Investors: Goldcrest Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial platform and address the lack of effective tools and technology in elder care.
- Series A
- Amount Raised: USD 15,000,000
- Date: October 2023
- Lead Investors: Maveron
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and development of the platform, expanding its reach to more communities.
- Series B
- Amount Raised: USD 35,000,000
- Date: December 2024
- Lead Investors: IVP
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support team growth, extend the company's reach to more communities, and develop advanced product features.
Total Amount Raised: USD 59,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- IVP
- Details: IVP is a venture capital firm that invests in later-stage companies. They have a strong track record of successful investments.
- Investment Focus Areas: Technology, Media, Internet, Enterprise IT, Mobile
- Notable Investments: Twitter, Slack, Snap
- Maveron
- Details: Maveron is a consumer-only venture capital firm that invests in early-stage companies. They focus on building enduring brands.
- Investment Focus Areas: Consumer, Retail, Education, Health and Wellness, Fintech
- Notable Investments: eBay, Allbirds, Imperfect Foods
- Goldcrest Capital
- Details: Goldcrest Capital is a venture capital firm that invests in seed and early-stage companies. They focus on transformative technology.
- Investment Focus Areas: Technology, Software, Consumer, Fintech, Healthcare
- Notable Investments: SpaceX, Lyft, Palantir
- Friends & Family Capital
- Details: Friends & Family Capital participated in Sage's Series B funding round. They focus on early-stage investments.
- Investment Focus Areas: Technology, Consumer
- Notable Investments: Not publicly disclosed
- PLUS Capital
- Details: PLUS Capital participated in Sage's Series B funding round. They invest in early to growth-stage companies.
- Investment Focus Areas: Technology, Media
- Notable Investments: Not publicly disclosed
What's Next for Sage?
With the recent $35 million Series B funding, Sage is poised to expand its reach to more senior living communities and develop advanced product features. The growing aging population and increasing demand for technology solutions in senior care present significant opportunities for the company.
As Sage continues to innovate and enhance its platform, future fundraising rounds are likely, potentially attracting more investors interested in the agetech market. However, the company may face challenges such as scaling operations, addressing high caregiver turnover rates, and competing with other technology providers in the senior living space.
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