What is Sage?
Sage, operating as Elder Technologies, Inc., is recognized for its integrated care platform designed specifically for senior living communities. The company's offerings blend intuitive software with intelligent devices to empower caregivers with real-time insights, thereby enhancing resident safety and streamlining operational efficiencies. Sage's tailored solutions address the evolving needs of modern elder care settings, positioning it as a key player in the healthtech sector.
How much funding has Sage raised?
Sage has raised a total of $159M across 4 funding rounds:
Angel/Seed
$9M
Series A
$15M
Series B
$35M
Series C
$65M
Angel/Seed (2022): $9M with participation from Merus Capital, Goldcrest Capital, Distributed Ventures, and Animo Ventures
Series A (2023): $15M led by Animo Ventures, Distributed Ventures, Maveron, and Goldcrest Capital
Series B (2024): $35M supported by IVP, Goldcrest Capital, Distributed Ventures, Maveron, Animo Ventures, Plus Capital Partners, and Friends & Family Capital II
Series C (2026): $65M featuring Goldman Sachs, IVP, and Goldcrest Capital
Key Investors in Sage
Merus Capital
Merus Capital is a venture capital firm that empowers ambitious teams focused on creating industry-defining platforms. They are dedicated to supporting innovative projects and fostering growth in the technology sector, particularly for startups with a vision for transformative solutions.
IVP
IVP (Institutional Venture Partners) is a venture capital firm that invests in high-growth technology companies, primarily at Series B and beyond. They focus on consumer, enterprise, and fintech sectors, supporting companies through their scale-up phases towards IPO or M&A exits.
Distributed Ventures
Distributed Ventures AG is a global firm that actively supports and invests in innovative technology companies, with a primary focus on FinTech and Blockchain. They provide consulting, flexible financing, and access to a network of experts and investors, aiming to connect new business ideas with the financial market.
What's next for Sage?
The recent major strategic investment indicates Sage is likely in a scaling phase, potentially preparing for broader market expansion or further product development. The substantial capital infusion suggests a focus on solidifying its market leadership and enhancing its platform's capabilities. Future strategic moves may involve deeper integration with healthcare systems, expansion into new geographic markets, or the development of advanced AI-driven care coordination tools. The company's trajectory points towards continued innovation in the senior living technology space.
See full Sage company page
