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        Medicare navigation platform Chapter has raised USD 50 million in a Series C funding round led by XYZ Venture Capital, with participation from other venture capital firms. This brings the total funds raised to USD 109 million.
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        The raised capital will be used for product development and hiring initiatives.
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        Additionally, Chapter also announced the launch of its Over The Counter (OTC) offering, which allows users to redeem OTC benefits from their Medicare plans. Through the platform and app, users can enter their details and scan their health plan cards to receive benefits associated with their insurance plans, including over-the-counter medications, supplements, health accessories, and other daily use items. The platform is free for Medicare plan members to use. 
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    <a href="https://www.businesswire.com/news/home/20240514533120/en/">
      Press release
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    <a href="https://www.finsmes.com/2024/05/chapter-raises-50m-in-series-c-funding.html">
      FinSMEs
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Age Tech

PROMINENT_CATEGORY

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 <p>Chapter, a Medicare navigation platform, has successfully raised USD 50 million in a Series C funding round. XYZ Venture Capital led this funding round and other venture capital firms also participated. The total funds raised by Chapter now amount to USD 109 million.</p>
 <p>The company plans to utilize this capital for its product development and to support hiring initiatives.</p>
 <p>Moreover, Chapter has also introduced its Over The Counter (OTC) offering. This allows users to redeem their Medicare plan's OTC benefits via the platform. Users can input their information and scan their health plan cards on the platform or app. This will allow them to receive healthcare benefits connected to their insurance plans, such as over-the-counter medicines, supplements, health accessories, and other daily use items. The platform is free for all Medicare plan members to use.</p>

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Chapter raises USD 50 million in Series C funding; launches 'Over The Counter' offering

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 <p>Rippl, a company specializing in mental health solutions for seniors, has acquired Kinto, a platform that provides support to dementia caregivers through AI technology. This acquisition aims to enhance Rippl's dementia care services.</p>
 <p>Following the acquisition, the entire Kinto team will become part of Rippl, with their CEO Joe Chung taking on the role of CTO and head of AI. The intention is to integrate Kinto's AI tools into Rippl's systems. This will lessen administrative burdens on care navigators and clinicians, allowing them to more effectively guide and provide specialized care for families.</p>
 <p>Kinto has created a platform that provides AI-assisted education and support programs for dementia caregivers. GenAI tools are also integrated into the platform, enhancing the assistance care teams can provide to caregivers on their challenging care journeys. The company has been supported by more than USD 6 million in state and federal research grants, notably from the National Institutes of Health.</p>
 
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Rippl acquires Kinto to enhance dementia care

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 <p>Synapticure, a virtual care provider for seniors with neurodegenerative conditions, has announced a partnership with the Amyotrophic Lateral Sclerosis (ALS) Association to enhance healthcare accessibility and quality for ALS patients in the US. This initiative will see Synapticure's telemedicine platform accessible to ALS Association members as an extension of in-person services at certified ALS treatment centers. The partnership particularly targets individuals based in remote locations.</p>
 <p>The introduction of Synapticure's asynchronous model contributes to increased scheduling flexibility and ongoing monitoring, easing the strain on ALS patients and their support network. As part of the partnership, ALS patients will gain access to regional and national resources, complemented by a dedicated ALS Association liaison offering tailored support within Synapticure's virtual clinic environment.&nbsp;</p>
 <p>As a telehealth provider, Synapticure focuses on delivering personalised care for those diagnosed with neurodegenerative diseases such as ALS, Alzheimer’s, and Parkinson’s disease. Synapticure's broad range of services involves the creation of personalised care plans through advanced testing procedures, data analytics, and consultations with disease specialists. They also provide caregiver education and support, identify potential clinical trials for patient enrolment, and ensure each patient receives a dedicated nurse or social worker for care coordination on their specialised platform.</p>
 
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Synapticure partners with ALS Association to expand telehealth services for ALS patients

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 <p>Kepler Vision Technologies, an AI medical software firm, has secured EUR 1.5 million (USD 1.6 million) in a venture funding round guided by Dutch investor ROM InWest. The total funds accumulated by the company now amount to EUR 5.4 million (USD 5.8 million).</p>
 <p>The recent funding will expedite the production of the company’s offering, Kepler Night Nurse, as well as support its expansion into new markets such as the US, the UK, and beyond.</p>
 <p>Kepler Vision Technologies has deployed the Kepler Night Nurse in eight European nations as of April 2024.</p>

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Kepler Vision Technologies raises EUR 1.5 million in venture funding

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 <p>UK-based digital platform service provider for senior care homes, Log my Care, has acquired GBP 3 million (USD 3.8 million) in funding from Mercia Ventures, totalling the company's raised funds to GBP 7.2 million (USD 9.1 million).</p>
 <p>The funds will be utilized to consolidate the company's standing in the learning disability sector and expand its home care market.</p>
 <p>The company's platform, Log my Care, assists caregivers in managing administrative tasks related to care at home and in facilities. The "Carer App" on the platform allows caregivers to log activities, medications and incidents, set reminders, and add media to patient records. The "Care Office" dashboard is equipped with care plans, risk assessments, and trend analysis tools. The company suggests that its platform can save caregivers one hour per day in record-keeping tasks and, as of April 2024, it has been employed by over 1,300 caregivers looking after 20,000 patients.</p>
 
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Log my Care raises GBP 3 million in funding

INCUMBENTS_PRESENT

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 <p>Amazon Pharmacy has extended its same-day prescription service to New York and Los Angeles. This will allow patients in these states to get their medications for conditions like flu, high blood pressure, and diabetes within an hour of their request.</p>
 <p>The company attributes its ability to offer this quick service to its establishment of small facilities housing thousands of medications near major cities. These facilities also have GenAI and machine-learning processes to validate prescriptions, thus reducing errors and speeding up the process.</p>
 <p>Before this expansion, Amazon already offered same-day delivery in various cities like Austin, Indianapolis, Miami, Phoenix, and Seattle. It even provides delivery within an hour via drone in College Station, Texas. The company plans to expand the scope of this service by the end of the year.</p>
 
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Amazon Pharmacy expands same-day prescription delivery service

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 <p>Midi Health, a women's health clinic, is partnering with cognitive assessment company Neurotrack to investigate the correlation between brain fog symptoms and menopause or early signs of dementia in women. Through this collaboration, patients at Midi Health will have access to Neurotrack's three-minute cognitive assessment, called the Symbol Match test. This test can be taken online using any device and can be prescribed by Midi Health's clinicians. The purpose of the test is to distinguish whether a patient's brain fog is related to menopause or indicative of a more severe cognitive impairment, such as Alzheimer's. Following the test, depending on the results, patients can either be referred to other services for cognitive conditions or administered treatment for brain fog that could involve diet adjustments, lifestyle modifications, or medication.</p>
 
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Midi Health partners with Neurotrack to screen for cognitive conditions in menopausal women

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 <p>Kismet, a caregiver matchmaking platform provider, has secured USD 8.2 million in seed funding in a round led by Prosus Ventures and Airtree Ventures. This takes the firm's total raise to USD 10.8 million.</p>
 <p>Increased speed of global health engagement, team expansion, and broader global reach are the areas Kismet plans to channel the newly raised funds towards.</p>
 <p>Kismet was established in 2023 in Australia and offers a digital tool to help families swiftly identify verified caregivers for elderly and children part of the National Disability Insurance Scheme (NDIS), disabled care, and self-managed care. Additionally, its platform also enables users to locate specialist caregivers namely occupational therapists, speech therapists, exercise physiologists, and physiotherapists, and has a portal for accommodation listing and search.</p>
 
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Kismet raises USD 8.2 million in seed funding

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 <p>Bone Health Technologies, a company providing devices for improving senior bone health, has successfully raised USD 5 million in venture funding. The round was led by Esplanade Ventures and included other venture capital firms, increasing the total funds raised to date to USD 11.2 million.</p>
 <p>The received funds will aid the final stages of development for the company's product, Osteoboost. It is expected to be launched in 2024.</p>
 
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Bone Health Technologies raises USD 5 million in venture funding

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 <p>Carewell, a caregiving resource platform, has raised USD 24.7 million in a Series B funding round, led by MBF Healthcare principals and backed by existing investors including Sageview Capital and Headline.</p>
 <p>The company also appointed key recruits from Chewy.com, with Mike Pacifico as CFO, Jason Klinghoffer as CMO, Sam Rassner as CTO, and Kelli Durkin as vice president of customer service.&nbsp;</p>
 <p>The funding will be used to enhance its ecommerce technology, improve customer service, and expand its product offerings to drive growth.</p>
 
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All Updates

Chapter raises USD 50 million in Series C funding; launches 'Over The Counter' offering

Rippl acquires Kinto to enhance dementia care

Synapticure partners with ALS Association to expand telehealth services for ALS patients

Kepler Vision Technologies raises EUR 1.5 million in venture funding

Log my Care raises GBP 3 million in funding

Amazon Pharmacy expands same-day prescription delivery service

Midi Health partners with Neurotrack to screen for cognitive conditions in menopausal women

Kismet raises USD 8.2 million in seed funding

Bone Health Technologies raises USD 5 million in venture funding

Carewell raises USD 24.7 million in Series B funding for expansion; appoints new executive team

Age Tech

Chapter raises USD 50 million in Series C funding; launches 'Over The Counter' offering

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