MFA Longevity Market Report
News and insights from thought leaders in the longevity economy
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Dear friends and colleagues,
2023 is off to a great start! We’ve already participated in a few conferences. It was exciting to see the momentum at CES for AgeTech as it took center stage! We were thrilled to host AARP’s Andy Miller on our Living Longer Smarter Better podcast to give an overview of the event and an update on what to expect in the year to come. In January, we hosted a panel, Investing in Brain Health. It was well attended, with over 50 attendees—investors, entrepreneurs and government. And rain did not keep people away from the RESI conference. We were delighted to meet new investors and entrepreneurs on our panel, Who is Investing in Longevity? One of my favorite quotes from this session was from Sergio Ruiz of the Methuselah Fund who said, "Morbidity compression should be a goal of any human society that is looking to improve quality of life and maximize resources and wealth. After all, our health is our true wealth."
And more is coming! We can’t wait to collaborate with CABHI again for their CABHI Summit on March 22 (see below for a special discount code). We will host our 20th Longevity Venture Summit in the late Spring and our Longevity Innovation Summit in DC in December. We are continuing our Living Longer Better Smarter and Longevity Deal Talk podcasts, with exciting topics planned. We appreciate our sponsor support for all of our events and always look forward to starting new partnerships. Please reach out to share your 2023 plans and explore opportunities to co-create with us.
I started the year with a wellness/family holiday in Maui and loved the time of relaxation and rejuvenation. I read Steve Case's wonderful book on the Rise of the Rest and Reboot Your Age by Michael Roizen. I highly recommend both.
Warmly,
Mary
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Table of Contents:
- MFA Podcasts
- AgeTech Takes Center Stage at CES
- New Tech for a New Year
- Funding News
- Events and Opportunities
- Corporate Updates
- Books, News, and Reports
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What's Next Longevity Deal Talk |
Episode 15: AgeTech Takes Center Stage at CES – In this packed podcast, Rendever CEO Kyle Rand joins Mary and Fred to highlight the acquisition of Alcove from AARP. And AARP Innovation Labs Senior VP Andy Miller gives his perspective on the deal and the AARP’s huge presence at CES. Kinoo CEO Jim Marggraff also joins to talk about being part of the AgeTech Collaborative. Finally, hear from the winner of the AARP After Dark Pitch Competition at CES, Kim Petty, CEO of Onward. This episode contains great insights you won’t want to miss!
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What's Next Living Longer Better Smarter |
Episode 43: New Tech for a New Year – With CES 2023 wrapped up, this episode highlights fun and fitness with Gary Atkinson, CEO of Singing Machine and Raghu Bathina, CEO of PlayinGames, maker of PlayinPickleball. It brings Pickleball into the home through VR. Plus, hear from NuraLogix, using selfies for health monitoring and Withings on the U-Scan home urine health lab.
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Funding News
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Family caregiver digital platform Carallel raised $8.2 million in Series A funding led by FCA Venture Partners.
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Indian AI brain imaging company In-Med Prognostics raised $2.13 million led by Exxora.
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A peer support platform that addresses social isolation, Wisdo Health, raised an additional $5 million in Series A funding led by Marius Nacht, Alive Israel Healthtech Fund, and Bridge Builders Collaborative to address social isolation.
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Preventive and longevity health company Fountain Life raised $15 million in funding from Eos Venture Partners and Newcross Healthcare.
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Herself Health, which provides advanced primary care to women over 65, raised $7 million in seed funding led by Juxtapose.
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Alio, which uses remote patient monitoring to manage chronic conditions, raised $18 million in Series C Funding led by Widjaja Family Investment Office.
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Events and Opportunities
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Applications for the Longitude Prize on Dementia, which provides funding for technology that helps people with dementia live independent and fulfilling lives, are due January 26, 2023.
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The CNBC Disruptor 50 competition is accepting nominations through February 17.
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CABHI will hold its 2023 summit, Daring to Disrupt: Reimagining the Aging Experience, virtually on March 22, 2023 in partnership with MFA. The summit brings together innovators, investors, older adults, caregivers, healthcare providers, buyers, thought leaders, and companies from around the world to accelerate innovation in aging and brain health – all focused on improving the quality of life as we age. Sign up as an attendee or an exhibitor. Apply the coupon code FRIENDSOFMARY to receive a complimentary virtual booth!
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Explore National Institute on Aging (NIA) funding opportunities that may be a fit for your business.
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AARP Sees Wins for Family Caregivers
“Older Americans have earned the right to live with dignity and respect — in their homes and communities, where they want to be. Family caregivers are the ones who help make that happen.”
Last year, AARP notched 176 wins across 44 states to help make life a little easier for family caregivers and their loved ones. Learn more about some of AARP’s caregiving achievements in the legislative arena in Nancy LeaMond, AARP’s Chief Advocacy & Engagement Officers, latest blog here.
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GetSetUp Combats Loneliness
As the winter months approach and social isolation becomes a growing concern for older adults, state-level partners in New York, Michigan, New Jersey, Rhode Island, Vermont, Nebraska, Kansas, Wyoming, Washington, and South Dakota have turned to GetSetUp as a solution. Programming is designed to increase activity and wellness, help individuals effectively use digital technology, and provide learning opportunities. It's a powerful way to combat feelings of isolation and loneliness and to keep seniors socially active during the winter and all year round.
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Ziegler Link-Age Portfolio Updates
Ziegler Link-Age Funds portfolio companies have many exciting updates as the new year begins. As one example, portfolio company Social Determined and AmeriHealth Caritas DC achieved a 37% cost reduction for 30-day hospital readmissions. As another example, portfolio company BlueStar TeleHealth is expanding its remote patient monitoring program in partnership with Johnson Memorial Health.
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Fast-Tracking Chatbot Tech
A January 2023 report from Botco.ai revealed that 76% of contact center professionals leverage chatbot technologies at their businesses. The full report, “The State of Chatbots in Contact Centers,” further showed that the top features the over 1,000 survey respondents are looking for in automated chat solutions are trainable intelligence (47%), simple deployment (42%), and conversational proficiency (39%).
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TapRoot Raises $1.4 Million in Seed Funding
TapRoot successfully closed its seed funding round with $1.4 million led by Ray Croghan Investments. This investment will allow the company to advance its mission of providing caregiver’s solutions to support cognitively challenged persons and those with dementia-related symptoms.
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Pets for Vets Featured in Times Square
Ageless Innovation’s partnership with Capital Caring Health, and their “Pets for Vets” campaign is being featured on a Jumbotron space in New York Times Square during the month of January. The program helps support the 1.5 million veterans living with dementia, including Alzheimer’s disease, by donating award-winning Joy for All Companion Pets to veterans in need. These robotic companion pets have proven to provide comfort, companionship and shown to reduce loneliness. Please visit CapitalCaring.Org/CompanionPets to donate to veterans living with Alzheimer’s and dementia or to request a pet for a Veteran in your life.
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