MFA Longevity Market Report
News and insights from thought leaders in the longevity economy
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Dear Friends and Colleagues,
Happy reopening! So wonderful to hear that friends, families and colleagues can gather together again. We are celebrating a wonderful May - with roses in bloom. Even the birds seem to be singing louder. And, at Mary Furlong & Associates, we are busier than ever!
We are very excited to be producing the 18th Longevity Venture Summit on June 16-17. We have more than 25 sessions and a record number of active investors (an indicator of the growth of the longevity market). Companies are getting financed at all levels - seed, angel, corporate, venture and private equity - with all represented at the summit. This year’s virtual summit will include opportunities to network, always a critical part of our summit. We will also have research sessions, sales training sessions, and go to market strategy sessions with government and investors.
We are also producing our final four academy sessions and boot camps. Today we have a bonus session later in the day for a total of two sessions - one on customer-centered design that drives revenue and a second on content partnerships.
We are also working closely with AARP Innovation Labs and point you to their Demo Day happening today, May 25. Get acquainted with 17 of their newest startup relationships. Learn more about what these startups are doing to disrupt and impact the aging space at this invitation-only event. Register now.
What an exciting spring!
Warmly,
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INDEX:
- Updates from Mary Furlong & Associates
- What’s Next Longevity Business Academy
- What’s Next Longevity Venture Summit
- New Podcast Episode for What's Next: Living Longer, Better, Smarter
- Corporate Updates
- Books, News, Reports
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Join us for the What’s Next Longevity Venture Summit—June 16-17
Join the conference that is known for getting deals done, companies financed, and great leaders discovered. Entrepreneurs who have participated in previous conferences have gone on to build sustainable brands - some with $100 million in revenue, and several being financed right after the conference.
- Over 30 investors focused on longevity, technology, and aging that participate at all levels of the investment process - seed, angel, corporate, venture, social impact, and government.
- Focuses on how investors evaluate entrepreneurs for funding opportunities
- Includes more than 40 hours of live and online learning (with Academy sessions)
- Provides virtual networking opportunities
- Special Annual Events:
- $10,000 Business Plan Competition
- Boot Camps on Sales, Marketing, and IP
Register now and use our discount “FOM40” for 40% off!
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There is still time to register for the Academy. Don't miss out!
It’s not too late to join the What’s Next Longevity Business Academy! Through eight weeks of courses, the Business Academy provides insight into how to create skills and navigate the latest opportunities for success as a longevity market entrepreneur. Enrollees can join the live webinars or watch recordings at their convenience.
Cost is $99 for all sessions and boot camps.
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MFA and AARP address Older Women and Financial Insecurity in latest podcast
In this month’s What’s Next Living Longer, Better, Smarter Podcast, sponsored by AARP, three leaders from different disciplines discuss the challenges to older women’s financial security. In addition to discussing the impact of the pandemic and disproportionate burden experienced by women of color, they explore how we can address financial security for women as a society and introduce some potential solutions.
Presenters include Nancy LeaMond, Executive Vice President and Chief Advocacy and Engagement Officer, AARP; Claudia Goldin, Henry Lee Professor of Economics, Harvard University; and Lawrence Kosick, Co-founder, GetSetUp.
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Women, Job Loss and the Potential Fallout
“If we look at women in particular, they're on very shaky ground.”-Nancy LeaMond
Due to the pandemic, the harsh reality of unemployment or early retirement has hit millions of women across the country. But according to Nancy LeaMond, AARP’s EVP and Chief Advocacy and Engagement Officer, this multifaceted and multigenerational uphill climb for women’s financial security began long before the pandemic. Tune in to AARP’s ‘Take on Today’ podcast as Nancy explores the root causes of women’s financial insecurity and ways in which AARP is helping to address these issues, as well as the gripping and relatable stories of two older women who lost their jobs amidst the pandemic.
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Braze Mobility, the First Wheelchair Sensor System
CABHI’s portfolio company, Braze Mobility, has earned success through its creation of the world’s first wheelchair sensor system. Since launching in 2016, founder Pooja Viswanathan has helped individuals with mobility impairment regain their independence through sensors that provide audio, visual, and vibration feedback when obstacles are nearby.
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GetSetUp acknowledged as “World Changing Idea” by Fast Company
GetSetUp's mission to bring technology and community to older adults gets a boost with Fast Company's recognition, classes launching for New York learners, and upcoming guest speakers.
The GetSetUp community thrives on learning and unlocking new experiences together, so join them to share, learn, create, and feel empowered in a friendly and welcoming virtual community with peers!
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Ageless Innovation introduces the Walker Squawker
Ageless Innovation has furthered its goal of bringing joy, fun, play, and comfort to the older adult market by introducing its new animatronic bird: the Walker Squawker. The realistic bird aims to create a better relationship between older adults and their walkers by playfully interacting as they move.
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xCures launches xACCESS for Providers
Today, xCures Inc. launched xACCESS for Providers – a portal for their artificial intelligence (A.I.)-assisted clinical study platform. The HIPAA-compliant portal enables healthcare providers to easily enroll patients in one of xCures’ managed access programs.
"The xACCESS registration module enables rapid scaling of patient enrollment by eliminating bottlenecks in eConsenting and obtaining medical records—benefitting not only patients and physicians, but also researchers who have partnered with xCures to run managed access programs via xACCESS. The real-world evidence generated by these programs supports assessment of safety, efficacy, and utility of investigational and FDA-approved cancer therapies.
To learn more click here.
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Carefree Embraces Prevention
As Carefree Chronic Care prepared to serve patients, we realized that prevention is the most important thing we do and is the best way to have a long-term impact on our patients' health. We felt that it was imperative that patients, caregivers, providers, and payors all embrace prevention care, and thus our new name was born: Embrace Prevention Care. Join us as we bring Personal Prevention Care TM to older adults with heart failure and other chronic conditions to reduce hospitalizations, improve health and support independent aging in place.
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EngAGED Communities | Community of Innovation Podcast, Episode 20
CABHI’s Community of Innovation Podcast is where topics on ingenuity, aging and brain health collide. Join hosts Dr. Allison Sekuler and Dr. Rosanne Aleong as they uncover the practices, tools and innovations helping us all lead longer, healthier lives. Listen to episode 20 of the Community of Innovation Podcast here, or wherever you listen to your podcasts.
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This Study may have Implications for Women’s Future Health and Prove to be the First Biomarker to Pinpoint the Mid-life Hormonal Shifts that Signal Perimenopause
"The pace of biological aging in women is doubling during perimenopause and IgG glycans may predict it. From poor sleep to unpredictable mood swings, the years leading up to the menopause, known as the perimenopause, can be a challenging time. Many women find it hard to know if their symptoms, which can also include low libido and brain fog, are down to hormonal changes or simply their busy, stressful lives. Perimenopause can last up to 10 years until a woman’s periods have stopped for a full year but, because women’s hormones naturally rollercoaster during this time, there are no accurate tests to diagnose perimenopause. Now a new study looking at the immune system has revealed that when women hit perimenopause their cells alter in ways that can be seen in the lab – with the rate of ageing more than doubling." Check out this article to learn more about the study.
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Naboso Launched a Crowd Equity on StartEngine To Support Neuropathy Research
Harfort Healthcare and the Ayer Neuroscience Center have just received IRB approval to conduct a research study to evaluate the efficacy of the Naboso Neuro Insoles for Parkinson's patients.
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In Think Again, Adam Grant examines the critical art of rethinking: learning to question your opinions and open other people’s minds, which can position you for excellence at work and wisdom in life.
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Hacking Life Shifts reports key insights from a groundbreaking study of how three generations of Americans are navigating profound changes along the aging journey.
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The New York Times best-selling author of My Stroke of Insight blends neuroanatomy with psychology to show how we can short-circuit emotional reactivity and find our way to peace in Whole Brain Living: The Anatomy of Choice and the Four Characters That Drive Our Life
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In the News
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US Senator Bob Casey Introduces Bill To Expand PACE — Programs of All Inclusive Care for the Elderly: Senator Bob Casey (D-PA) introduced legislation, the PACE Plus Act, seeking to expand access to Programs of All-Inclusive Care for the Elderly (PACE). This key bill from the Chairman of the U.S. Senate Special Committee on Aging embodies one of the recommendations from his 2020 Report: Reimagining Aging in America, namely that Congress should bolster the development of additional PACE programs and expand eligibility of enrollment to allow for a greater number of people requiring in home supports to be eligible to receive care in their homes and communities."
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SilverBills Closes $1.5 Million Seed Investment Round to Help Better Serve Clients and Partners "We are happy to announce that last month we closed our $1.5 Million seed investment round. The round was co-led by Hearstlab and Seae Ventures. Funds will be used to bolster our already robust technology platform and security features and add to our team. These developments will allow us to better serve our clients and professional partners."
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New research shows breast cancer treatment in patients over age 70 can be safely reduced A study published today in JAMA Network Open by researchers at UPMC Hillman Cancer Center and the University of Pittsburgh School of Medicine sheds new light on this choice and suggests the rate of cancer recurrence or survival may be no different in treated vs. untreated elderly patients diagnosed in the early stages of the cancer diagnosed most commonly in women.
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Biden Takes On Sagging Safety Net With Plan to Fix Long-Term Care. The proposal to spend $400 billion over eight years faces political challenges and a funding system not designed for the burden it has come to bear.
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The first study to directly compare immune reactions between Pfizer's and AstraZeneca's COVID-19 vaccines found strong and broadly similar antibody responses in over-80-year-olds after a first dose of either shot, scientists said on Wednesday.
Funding News
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Tomorrow Health, a company that helps acquire medical equipment for the home, will be able to expand with $25 million in Series A funding led by Andreessen Horowitz.
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Leaps by Bayer and Hitachi Ventures led $130 million in Series C funding for Huma Therapeutics Limited, a remote monitoring platform that supports a “hospital at home” model and connects patients to clinical trials.
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UK-based Birdie, an app-based product that helps home care providers deliver services more efficiently, raised £8.2 million, led by Index Ventures.
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Jasper Health, a platform founded by Kira Wampler and Adam Pellegrini that helps patients manage their care and connect to supports, launched with $6.75 million in seed funding co-led by 7wireVentures and Redesign Health.
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General Atlantic, Centene, and AXA Venture Partners led $110 million in Series D funding for Vida Health, a digital chronic care platform that provides integrated physical and mental health support.
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