Sage, the senior care technology platform, has successfully raised $15 million in a Series A funding round, spearheaded by Maveron. This financial backing also saw the participation of Distributed Ventures, ANIMO Ventures, and Goldcrest Capital, marking a significant milestone for the company. In light of this, Natalie Dillion, a partner at Maveron, will be joining Sage’s board of directors, offering her expertise and insights.
Sage is renowned for its coordinated-care platform, designed to serve senior living communities, facilitating seamless connectivity between residents, caregivers, and care teams. Through its application, Sage delivers valuable data insights to these teams, encompassing a resident’s care requirements, emerging trends, recommendations, and community performance metrics.
With the fresh injection of capital, Sage is poised to bolster its data science team and fuel its expansion efforts. The company’s mission is to revolutionize the approach of care teams, enabling more efficient communication, quicker responses to potentially life-threatening situations, and the extraction of vital insights concerning the care needs of residents through data and analytics.
Natalie Dillion, in her statement, highlighted the transformative impact of Sage’s technology, saying, “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. 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.” This funding not only underscores Sage’s commitment to advancing senior care but also acknowledges the growing importance of digital health solutions in addressing critical healthcare challenges.
