MFA Longevity Market Report
News and insights from thought leaders in the longevity economy
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Dear Friends and Colleagues,
Happy Earth Day, and blessings to you all in this unique year where Easter, Passover, and Ramadan were all aligned!
As we emerge from celebrating the holidays, we are looking forward to the What’s Next Longevity Venture Summit in June. We will have more investors—including seed, angels, and corporate—participating than ever before! We will have many exciting and informative sessions. Participants will learn how to approach family offices, who is investing in the areas of memory and care at home, how trusted nonprofits can do deals with entrepreneurs, who the distribution partners are and so much more.
If you haven’t registered yet, you can register today with a special newsletter discount code – NewsletterWNLVS. When you register, you will also get access to the next three weeks of our Business Academy, plus recordings of the previous weeks. That’s two events for the price of one!
As part of the Venture Summit, we also have our annual What’s Next $10K Business Plan Competition. Previous winners have gone on to get term sheets or deals inside of the conference the next day. Some are over $100 million in revenue, so don’t miss out on your opportunity to apply!
Warmly,
Mary
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Table of Contents:
- MFA Events
- What’s Next Longevity Business Academy
- Longevity Venture Summit June 7-8
- MFA Podcasts
- Taking the Mystery Out of Family History
- Taking On Higher Living Costs with New Skills
- People, Places, and Things
- Funding News
- Corporate Updates
- Events and Opportunities
- Books, News, and Reports
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What’s Next Longevity Business Academy
The What’s Next Longevity Business Academy started on April 5, but it’s not too late to participate! The weekly workshops will continue through May 10, and you will be able to access recordings of the sessions you missed on-demand. The Academy offers comprehensive learning for those involved in the business of the longevity economy. Workshops focus on branding, sales strategy, government funding, and more. Learn more and register using NewsletterWNBA for 20% off!
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Join Us for the What’s Next Longevity Venture Summit on June 6-8
The What’s Next Longevity Venture Summit will take place June 6-8, 2022. The hybrid event will offer virtual sessions for the first day, followed by in-person networking events and education sessions planned for June 8. Learn more and register! Use the code NewsletterWNLVS for 20% off!
The deadline to submit your business plan to the What’s Next $10K Business Plan Competition is April 28. Apply today! Final judges include Abby Miller Levy, Primetime Partners, John Hopper, Ziegler Link-Age Longevity Fund, Christine Brocato, CommonSpirit Health, Richard Deulofeut, Trust Ventures, Rick Robinson, AgeTech Collaborative from AARP, and Jennifer Stybel, Pivotal Ventures.
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What’s Next Living Longer Better Smarter
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Episode 26: Taking the Mystery Out of Family History – With online tools and the popularity of DNA kits, diving into your family history has never been easier. And many older adults are leading the way and sharing what they’ve learned. Drew Smith from the Genealogy Guys podcast joins Mary Furlong and Fred Fishkin along with Rick Voight from Vivid-Pix who explains how the company’s new Memory Station can help.
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Episode 27: Taking on Higher Living Costs With New Skills – For older adults, rising prices can hit hard. Mary Furlong and Fred Fishkin are joined by Lawrence Kosick of Get Set Up, NY State Office for the Aging Director Greg Olsen, Cindy Morris of the American Society on Aging and Beth Sanders from LifeBio to discuss how older adults can build new skills in order to tackle higher living costs.
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Episode 28: People, Places, and Things – From basketball great Rick Barry to a company co-founded by two CIA veterans, to Ancestry making records from the 1950 Census searchable, this episode is full of surprises! Join Mary Furlong & Fred Fishkin for more from Artifcts, Ancestry, Vitalcy and Rick Barry.
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Funding News
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Tivity Health, whose offerings include SilverSneakers, will be acquired by Stone Point Capital in a deal with a total transaction value of $2 billion.
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Evernow, a startup that provides menopause care, raised $28.5 million in Series A funding led by NEA.
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IntelyCare, which provides staffing for nursing homes, rehabilitation facilities, and senior living communities, raised $115 million in Series C funding led by Janus Henderson – bringing it to unicorn status.
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Homeward, which specializes in delivering hybrid in-home care in rural areas, received a $20 million investment from General Catalyst.
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OccamzRazor raised $6.1 million led by Jeff Dean to use AI to advance Parkinson’s treatment.
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TimeDoc Health, which provides virtual care management for individuals with chronic conditions, raised $48.5 million in Series B funding led by Aldrich Capital Partners.
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Season Health, which allows patients with chronic conditions to work with dieticians to create meal plans and ingredient delivery, raised $34 million in Series A funding led by Andreessen Horowitz.
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AARP Helps Protect Older Americans from Fraud
Protecting older Americans and consumers from fraud continues to be a priority for AARP. Investment fraud, where scammers typically offer “get rich quick” opportunities, resulted in $1.5 billion in losses last year, with older Americans most often bearing the brunt of this financial crime. As Nancy LeaMond, AARP’s Chief Advocacy & Engagement Officer, says, “That’s why it is more important than ever that we arm older Americans and consumers with helpful tips to avoid, detect and protect themselves and their loved ones from financial crimes.” Read more from Nancy on the growing problem of investment fraud and ways consumers, caregivers, and older investors can protect themselves from these scams.
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Vitalcy Launches Global Travel Program
Vitalcy announced the launch of its global travel program, sponsored by and partnering with industry leaders: Regent Seven Seas, Windstar, Oceania, and Virgin. Vitalcy is on a mission to change the story around aging – shattering taboos and highlighting the opportunities emerging from longevity, rather than the limitations. On the heels of having established their rich content site and this exciting travel initiative, Vitalcy is launching its seed funding round.
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Vivid-Pix shares the health and social benefits of photo Reminiscence Therapy
Click here to view Joshua Freitas (CERTUS Institute/National Institute for Dementia Education) and Rick Voight (Vivid-Pix), as they discuss important insights from their recently published photo Reminiscence Therapy (pRT) study; presented at Thrive Center (Louisville, Ky.) and Allen County Public Library (Fort Wayne, Ind.).
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GetSetUp Continues to Make Headlines
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Artifcts Graduates from AARP Innovation Labs Accelerator
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Ziegler Link-Age Releases Senior Living Analysis
Ziegler Link-Age’s research team has released useful analysis on continuing care retirement communities (CCRCs) and life plan communities (LPCs). The average size is 290 units and growth strategies include campus repositioning, purchasing adjacent lots, and community expansion. Interestingly, most of the large-campus LPCs are sponsored by multi-state nonprofits.
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AI Chat Platform Botco.ai Partners With EHR Tool Medtelligent
Botco.ai announced an exciting new partnership with Medtelligent that will uplevel the marketing and customer service capabilities of assisted living facilities. Botco.ai’s conversational automation platform will now integrate with Medtelligent’s suite of electronic health records (EHR) tools to create a seamless customer experience that spans the lifecycle of the resident. Carlton Senior Living is among the first businesses to implement the joint solution.
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