MFA Longevity Market Report
News and insights from thought leaders in the longevity economy
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Dear friends and colleagues,
It has been a busy summer so far. We are still glowing from our June conference and have taken some time to follow up with the wonderful people we met and all the deal flow. We are grateful to everyone who participated. It was a sold out event with 275 attendees at the Fairmont San Francisco. The presentations were packed with insights. Two of my favorites were from CareYaya's CEO, Neal Shah, who said, "I believe the care market today is where AI was five years ago. The time to invest and build is now!" and Lindsay Jurist-Rosner, Co-Founder and CEO of Wellthy who predicted, “Climate, AI, and Care are topics that will impact employees the most.” It's this type of visionary thinking that makes this event a success year after year. We were also pleased to collaborate with the AgeTech Collaborative from AARP as our title sponsor, and we are appreciative of their support and contributions. We hosted their AgeTech After Dark competition, in addition to our 21st $10K Business Plan competition and the John Hopper Impact Award. See the winners of these competitions below.
Earlier this month I was invited to deliver a briefing on the longevity market to founders in the startup health community. Additionally, I was invited to be a judge for the Longitude Prize on Dementia. This annual award recognizes creators of breakthrough technologies that address the needs of those living with dementia, enabling them to continue living independently for longer.
We have already begun planning for our next event. The What's Next Longevity Innovation Summit will take place December 9-10 at the National Press Club in Washington, DC. Registration is now open for this event, and we are offering early-bird rates. I hope you will add this to your calendar.
I did take time to join the Sail GPT races on San Francisco Bay this weekend. The teamwork and technology were so very impressive! Spain won the race. It made me so grateful for the experience and also for the team that we have the privilege of working with at MFA through the years.
Warmly,
Mary
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Table of Contents:
- MFA Events
- MFA Podcasts
- Funding News
- Corporate Updates
- Books, News, and Reports
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Congratulations to the award winners at the 2024 What's Next Longevity Venture Summit
The What's Next Longevity Venture Summit hosted three different competitions: The 21st annual $10,000 Business Plan Competition, the AgeTech After Dark Pitch Competition presented by the AgeTech Collaborative from AARP, and the John Hopper Impact Award, sponsored by Ziegler Link-Age. Congratulations to the winners:
- $10K Business Plan Competition: Dhaval Patal, Founder and CEO, Lotus
- AgeTech After Dark: John Ralston, CEO and Co-Founder, Neursantys
- John Hopper Award: Jimmy Zollo, CEO, Joe & Bella
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Mark your calendar for the 2024 What's Next Longevity Innovation Summit
December 9-10 in Washington, DC
Registration is now open for the What's Next Longevity Innovation Summit, taking place at the National Press Club in Washington, DC, December 9-10. The theme of the conference is Transformation of Care: Where Policy, Investment, AI and Innovation Meet. We hope to see you there! Register now to take advantage of the early bird rate, and bookmark the conference website for program updates.
We are grateful to the sponsors who have already signed on for this event: AARP, Ageless Innovation, Amba, CareYaya, CareLen, Claris Healthcare, GetSetUp, HumanGood, Joe & Bella, SoundFun, TCARE, Vital eCare, VoiceLove, WAHVE, and Ziegler. If you are interested in becoming a sponsor, let me know by responding to this email.
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What's Next Living Longer Better Smarter | |
What's Next Longevity Deal Talk | |
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Episode 27 – In this episode, Mary and Fred highlight the What’s Next Longevity Venture Summit and are joined by the AgeTech Collaborative from AARP to reveal the After Dark Pitch Competition finalists. They then discuss the inside story of how Rippl Care is bringing more AI into dementia care.
See the full list of What's Next Longevity Deal Talk episodes.
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Funding News
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The National Institute on Aging has launched the NIA SBIR/STTR New Application Program (SNAP), a free 12-week curriculum designed to help small businesses prepare and submit competitive SBIR/STTR funding applications. Apply by August 1. Click here to learn more.
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Two of the largest hospice care organizations, The National Association for Home Care & Hospice and the National Hospice and Palliative Care Organization, announced they will merge to bolster assistance for providers offering home care, palliative care, and support for serious illness.
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Hella+Health, a technology-enabled Medicare Advantage broker, was acquired by CVS Health for an undisclosed amount.
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Sensi.AI, a home care intelligence platform focused on improving long-term care, raised $31 million in Series B funding led by Zeev Ventures and Insight Partners.
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UK-based digital health company Punto Health raised £550 thousand in pre-seed funding to develop a platform to provide resources to individuals with dementia and their caregivers.
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Chapter, a Medicare navigation platform, raised $50 million in Series C funding led by XYZ Venture Capital.
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Tuesday Health, an end-of-life care organization, raised $60 million in funding to launch an app to provide symptom monitoring to critically ill Medicare patients.
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AARP Highlights Key Issues for Older Voters
With less than five months to go until Election Day, political candidates and pundits are keeping a close eye on battleground states like Arizona that will determine the presidency and balance of power in Congress. Learn more about the issues that older voters, and older women voters, are focused on this election cycle in Arizona in Nancy LeaMond’s new blog.
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GetSetUp Shines at Recent Summits and Conferences
Lawrence Kosick, President of GetSetUp, attended the RISE AEP Medicare Readiness Summit 2024 to showcase how GetSetUp can be a valuable resource in addressing the new CMS changes for Medicare plans in 2025, particularly in health and wellness education, health literacy, and digital equity. He also highlighted our latest AI product at the Mary Furlong Venture Summit, where he shared how our AI class assistant can be customized to highlight partner benefits, services, and wellness programs. Additionally, GetSetUp presented at the New York statewide Aging Concerns Unite Us conference, demonstrating how the over 60 area agencies on aging in New York can benefit from GetSetUp classes and our GetSetUp Anywhere product through the New York statewide partnership.
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TCARE Featured in Forbes article
Last month TCARE was featured in a Forbes article, "High-Tech With A Human Touch: How AI Can Help Caregivers Reduce Stress," which focused on changing health outcomes for caregivers is to identify effective, affordable resources to reduce burnout and promote wellbeing.
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Joe & Bella Wins John Hopper Award
Jimmy Zollo, Co-founder and CEO of Joe & Bella, an adaptive-apparel startup that’s disrupting the industry, was honored with the 2024 John Hopper Impact Award. John Hopper was a true innovator who established one of the first funds to invest in age-tech solutions. “What Jimmy and his team at Joe & Bella are building mirrors John’s values and passions,” said Katie Schmitz, Managing Partner of the Ziegler Link-age Funds. The award was given at the recent “What’s Next Longevity Venture Summit” in San Francisco.
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Intuition Robotics Wins Award, Gets Positive Review
In late June Intuition Robotics won the 2024 Cognitive Robotics Innovation Award from AI Breakthrough, which recognizes breakthrough companies, technologies, products and services in the field of artificial intelligence around the world. Also, a recent peer reviewed study study conducted by Duke, Cornell and the University of Auckland measured the impact ElliQ has on older adults living with her. The results were overwhelmingly positive, showing a measurable improvement in the lives of people living with ElliQ.
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Botco.ai Introduces AI Playground
Exciting news for senior living facilities: Botco.ai introduces the AI Playground. Test your chatbot before deployment to ensure a seamless resident and family experience. Register for our workshop on July 25 at 11 AM PDT.
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Books, News, and Reports
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Guy Kawasaki's latest book, Think Remarkable, is at the top of my summer reading list. Guy delivers a practical, tactical, and sometimes radical discussion of how to transform your life and make a difference. The book includes insights from over 200 extraordinary people.
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Dr. Ruth Westheimer, the nationally recognized authority on sexual matters better known as Dr. Ruth, died on July 12 in New York City. She was 96.
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The administration released the revised Medicaid Access Rule requiring that 80% of Medicaid payments for home care be spent on workers’ compensation and another rule setting minimum staffing levels for nursing homes.
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Maddie Dychtwald and Kate Hanley's new book Ageless Aging provides information for women about healthy aging.
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The OPTIMIZE conference will take place October 24-25 in Louisville, Kentucky.
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The FDA launched the Home as a Health Care Hub to advance healthcare-at-home technology.
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Laurie Orlov released a new report on the technology user experience.
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Walmart will be closing Walmart Health centers and the Walmart Virtual Care platform nationwide.
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Supporters of Washington state’s long-term care program are rallying to save it from a ballot initiative in November’s election.
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