2024 Guide to AgeTech Funds and Startup Accelerators
At TheGerontechnologist.com, we specialize in tracking the AgeTech ecosystem. Mostly startups (as can be seen on our latest AgeTech Market Map) but also funding opportunities, accelerators, and other resources available to AgeTech startups.
A decade ago, funding and acceleration opportunities for AgeTech startups were scarce. Today, the landscape has transformed dramatically, with numerous active VCs and accelerator programs dedicated to AgeTech innovation. In this article, we highlight the key players and programs that are driving the AgeTech Revolution and helping startups thrive.
VCs Focused on Early-Stage Investments
Longevity Venture Partners
Longevity Venture Partners is an early-stage venture capital fund focused on investing in AgeTech, healthcare, and wellness sectors. The fund announced that it closed a $30 million fund dedicated to advancing aging-in-place and longevity solutions in 2023. Notable portfolio companies include Carefull and Voxela.
For more details, visit Longevity Venture Partners.
Primetime Partners
Primetime Partners is an early-stage venture capital fund dedicated to investing in companies that transform the quality of living for older adults. Founded by veteran investor Alan Patricof and former SoulCycle exec Abby Miller Levy, Primetime Partners’ focus is on sectors such as healthcare, financial services, consumer products, and media. Notable portfolio companies include Bold and Butlr.
For more details, visit Primetime Partners.
Third Act Ventures
Third Act Ventures is an early-stage venture capital firm dedicated to investing in startups that revolutionize aging. They focus on companies that develop innovative solutions for older adults and are one of the few VCs in the space with a truly global portfolio. According to their website, they have already made 37 investments in the US, Canada, Japan, and the UK and are actively exploring opportunities throughout Western Europe and Israel. Notable portfolio companies include Voxela and Careswitch.
For more details, visit Third Act Ventures.
Cake Ventures
Cake Ventures is an early-stage venture capital fund launched in 2023 with a $17 million first fund. The fund focuses on three key demographic shifts: aging and longevity, the increased spending power of women, and the shift to a majority-minority population. Notable portfolio companies include Guaranteed and Bright.
For more details, visit Cake Ventures.
1843 Capital
1843 Capital is an early-stage venture capital fund specializing in AgeTech and Longevity. Combining over 100 years of investing, marketing, and operational experience to support their founders, 1843 invests in innovative solutions that enhance the health span and quality of life for older adults. Notable portfolio companies include Lotus and Cariloop.
For more details, visit 1843 Capital.
Generator Ventures
Generator Ventures focuses on early-stage investments in companies improving the aging experience and long-term care. They invest in sectors such as healthcare services and digital health. Notable portfolio companies include Honor, a home care network for older adults, and Embodied Labs, a VR training platform for caregivers. Generator Ventures partners with entrepreneurs developing innovative solutions for the challenges faced by older adults and caregivers.
For more details, visit Generator Ventures.
Magnify Ventures
Magnify Ventures invests in early-stage startups transforming life, work, and care for modern families. Launched in 2022 with a fund of $52M, they focus on four key areas: Future of Families, Aging Innovation, Household Optimization, and Work-Life Reimagined. Notable portfolio companies include Papa, a trusted digital health solution for Hispanic families and a social activity platform for healthy aging. Magnify Ventures partners with visionary leaders inspired by personal experiences to address long-overlooked challenges using technology.
For more details, visit Magnify Ventures.
Woodlawn Ventures
Woodlawn Ventures is a health-focused venture capital firm that provides strategic capital to startups. Launched in March 2023 at SXSW, Woodlawn Ventures focuses on aging-in-place technology, senior housing and operations, behavioral health, and digital health. The firm invests in startups through series A with funding amounts ranging from $750K to $3MM.
For more details, visit Woodlawn Ventures.
VCs with a Broader or Growth-Stage Focus
AgeTech Capital
AgeTech Capital is a purpose-driven private market investment firm focused on accelerating and scaling innovative and affordable technology solutions for healthier, wealthier, and more fulfilling aging. According to recent press release, they are raising a $50M first fund alongside an additional $50M for SPVs and co-investments. Focused on growth-stage companies across Canada, the US, and internationally, the fund emphasizes sectors such as aging in place, circle of care, healthy living, and financial security.
For more details, visit AgeTech Capital.
Ziegler Link-age Funds
The Ziegler Link-age Funds are growth-oriented venture funds focused on technology, tech-enabled services, and emerging care delivery models in the post-acute and aging markets. Launched with over $110 million in committed capital, these funds have invested in 33 portfolio companies, including notable investments in CareLinx, OnShift, and True Link. The funds are backed by 160 senior living provider limited partners (LPs) who provide valuable insights and support to portfolio companies, targeting startups that deliver advanced products and services to the senior marketplace.
For more details, visit Ziegler Link•age Funds.
AgeTech Startup Accelerators (and government backed programs)
Centre for Aging + Brain Health Innovation (CABHI)
The Centre for Aging + Brain Health Innovation (CABHI) is a leading accelerator fund supporting innovations in the aging and brain health sector. Operating primarily in Canada and backed by the government of Canada, CABHI offers various programs such as Spark, Mentorship, Capital, and Continuation (MC²), and Discover and Adopt (D+A). CABHI offers funding not just for startups, not also for point-of-care workers, managers, researcher, or informal caregivers who have an idea in senior care that they want to to develop, test, and/or scale (through the Spark program).
Funding amounts vary by program, with significant investments available to help startups scale and achieve market readiness. CABHI fosters collaborations with healthcare providers, researchers, and industry leaders to drive impactful innovations.
For more details, visit CABHI.
AgeTech Collaborative from AARP
The AgeTech Collaborative from AARP is an accelerator program designed to support startups innovating in the longevity market. The program operates through themed pitch events and open mic challenges throughout the year. ATC events are held both online and in-person and provide startups diverse opportunities to showcase their innovations and receive valuable feedback and support. A huge bonus of being an ATC startup is getting the chance to showcase your solution and get massive exposure at events like CES, in which AARP has prominent presence.
Applications for the AgeTech After Dark pitch event on September close on July 15.
For more details, visit AgeTech Collaborative.
envisAGE
envisAGE is a Canadian AgeTech initiative that is, supported by the Government of Canada and MEDTEQ+, focuses on accelerating AgeTech innovations for older adults. Operating across Canada, the program offers 12- to 18-month collaborative projects, integrating technologies (Technology Readiness Levels 7-8) with community labs such as retirement and long-term care homes.
For more details, visit envisAGE.
The Birdhouse Accelerator and Fund
The Birdhouse is a startup accelerator and fund which operates in Belgium.
Their program offers a 12-week accelerator focused on achieving product-market fit and preparing for upscale financing rounds. Birdhouse Ventures provides startups selected for the program initial funding of €75k and can follow up with investments up to €1.5M from their early-stage investment fund. The program is open for applications until September 23. For more details, visit Birdhouse.
Next Age Accelerator and Fund
Next Age is Europe another European acceleration program which operates in Italy and is dedicated to AgeTech startups, initiated by CDP Venture Capital and AC75 Startup Accelerator, and managed alongside SOSV, an international venture capital firm. Next Age supports startups through a structured 4-month program and emphasizes in-person collaboration in Ancona, Italy, for at least two months to foster deep connections and strategic growth. Startups selected for the program can receive initial funding of €120K, with the potential for additional investments of up to €1.5M for the most promising companies.
For more information, visit Next Age.
The a2 Pilot Awards
The a2 Collective represents the Artificial Intelligence and Technology Collaboratories (AITC) for Aging Research program, which is dedicated to helping Americans live longer, healthier lives through the application of artificial intelligence (AI) and emerging technologies.
Funded by the National Institute on Aging, this program offers non-dilutive R&D funding for startups and academics across the United States. Applicants may request up to $200,000 in non-dilutive grant funding (direct costs) to be expended within a 12-month period. This program provides a comprehensive support system, including study sites, datasets, and additional resources to help projects reach commercialization.
For more details, visit a2 Collective.
The AgeTech landscape is rapidly evolving, with a growing number of investors and accelerators dedicated to fostering innovation in this vital sector. Whether you are an entrepreneur looking to scale your startup or an investor seeking the next big opportunity, staying informed about these key players is crucial. We hope this guide has provided you with valuable insights into the dynamic world of AgeTech funding and support.
For further reading, check out AgeTech Atlanta’s directory of funds that are actively investing in AgeTech (generalist funds as well)
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