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 Neurodegenerative disease virtual care platform Synapticure has raised USD 25 million in Series A funding led by B Capital. New investors CommonSpirit Health, CVS Health Ventures, RA Capital Management, Nexus NeuroTech Ventures, and existing investors Google Ventures, Optum Ventures, and Rock Health Capital participated. This brings the company's total funds raised to USD 78.2 million.
 
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 The funding will be used to expand partnerships with healthcare providers and payers, enhance its AI-enabled technology platform, accelerate clinical research, and scale its national medical group by adding more providers.
 
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 Launched in 2022, Synapticure serves thousands of patients across the US, providing appointments within two weeks compared to typical six-month wait times for specialists.&nbsp;
 
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 Analyst QuickTake: 
 In 
 <a href="https://sp-edge.com/updates/32913">
 August
 </a>
 , Synapicture partnered with Pearl Health, a value-based care technology company, to improve the quality of life for dementia patients and caregivers by providing access to specialized neurologists, behavioral health support, and comprehensive caregiver assistance. Synapicture will most likely pursue such partnership agreements through this recent fundraise.&nbsp;
 
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 <a href="https://www.synapticure.com/press-release/synapticure-raises-25-million-series-a-to-expand-virtual-care-for-patients-and-caregivers-living-with-neurodegenerative-diseases-in-all-50-states">
 Press release
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 <a href="https://hitconsultant.net/2024/11/19/synapticure-raises-25m-to-expand-virtual-care-for-neurodegenerative-diseases/">
 HIT Consultant 
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Age Tech

ANALYST_QUICK_TAKE

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 Synapticure, a virtual care platform for neurodegenerative diseases, has received USD 25 million in Series A funding. The round was led by B Capital and saw participation from new investors like CommonSpirit Health, CVS Health Ventures, RA Capital Management, Nexus NeuroTech Ventures, and existing ones like Google Ventures, Optum Ventures, and Rock Health Capital. With this, Synapticure's total funds raised amount to USD 78.2 million.
 The company plans to utilise the funding to strengthen partnerships with healthcare providers and payers, improve its AI-enabled technology platform, speed up clinical research, and augment its national medical group with more providers.
 Synapticure, launched in 2022, operates across the US serving thousands of patients. With an ability to provide appointments within two weeks, the platform stands out in a field where waiting times for specialist appointments can typically stretch to six months.

</div> Analyst QuickTake: 
 In <a href="https: 
//sp-edge.com/updates/32913"> August </a> , Synapicture partnered with Pearl Health, a value-based care technology company, to improve the quality of life for dementia patients and caregivers by providing access to specialized neurologists, behavioral health support, and comprehensive caregiver assistance. Synapicture will most likely pursue such partnership agreements through this recent fundraise.&nbsp;

Synapticure raises USD 25 million in Series A funding to expand virtual care for internal operations

PROMINENT_CATEGORY

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 Vesta Healthcare, a virtual healthcare provider, has teamed up with Medical Guardian, a company specializing in medical alert devices. This partnership seeks to better manage chronic care and remotely monitor patients on Medicaid and Medicare.
 
 Through this collaboration, Medical Guardian's devices, which include vitals monitoring devices connected via cellular data and personal emergency response systems, will be integrated with Vesta Healthcare's 24/7 clinical monitoring. This system will capture important health data such as blood pressure, weight, oxygen level, and fall detection. Data will be automatically transmitted to Vesta's clinical team, eliminating the need for apps or manual data entry.
 
 The goal of this partnership is to improve the overall well-being of members and reduce the number of hospitalizations by fostering enhanced member participation, continued monitoring, and prompt support. This approach is targeted to promote improved coordination among healthcare providers, caregivers, and patients, leading to more informed and effective healthcare decisions.
 
</div> Analyst QuickTake: 
 Earlier this year, Vesta Healthcare raised a total of USD 100 million across two rounds of funding in September, first raising <a href="https: 
//sp-edge.com/updates/33189"> USD 35 million </a> and then <a href="https: 
//sp-edge.com/updates/33302"> USD 65 million </a> . In the latter funding round, the company noted that the raised funds would be used to expand operations and development efforts. Through the partnership with Medical Guardian, the company appears to be incorporating other technologies into its platform, helping extend its capabilities.

Vesta Healthcare partners with Medical Guardian for home-based remote patient monitoring

Homethrive, a caregiver support platform, has secured USD 20 million in a funding round led by TELUS Global Ventures and 7wireVentures, with participation from various entities including Pitango HealthTech, Human Capital, Outcomes Collective Growth Capital, Allianz, The K Fund, and other family offices. The investment will be channeled towards the expansion of its end-to-end caregiving platform. It will also be used to amplify its AI-driven care navigation and recommendations, augment offerings for diverse payer populations, and enhance digital tools for better user engagement.

Homethrive exhibited significant growth, multiplying four-fold since its last funding round in 2022. It highlights an industry-leading utilization rate of 8.4%, and assists employers in reducing staff turnover by up to 80%. The platform also enables working caregivers to save, on average, over 16 hours per month, and has demonstrated a 17% surge in plan retention on the payor side. Analyst QuickTake: 
 This is the second funding round that Homethrive has initiated in 2024. In <a href="https: 
//sp-edge.com/updates/35539"> October </a> , the company raised an undisclosed sum in a funding round also led by TELUS Global Ventures. The funding was a part of TELUS Global Ventures' initiative, which has invested in more than 150 companies across 10 countries and five continents.

Homethrive raises USD 20 million in funding round from TELUS Global Ventures and 7wireVentures

INCUMBENTS_PRESENT

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 Healthpilot, a healthcare technology company, has teamed up with Publix Supermarkets to offer seniors a simplified way to choose Medicare plans via the Publix website. This collaboration permits Publix Pharmacy patrons to use Healthpilot's AI-enabled platform for comparing Medicare Advantage and Part D prescription drug plans, with Publix Pharmacy being a favored pharmacy.
 The platform evaluates individual requirements such as physician networks, pharmacies, prescription medications, and lifestyle necessities to deliver tailored Medicare plan suggestions.
 This partnership is designed to address the issue of Medicare plan choice. Current studies indicate that despite the availability of an average of 43 Medicare Advantage plans and 21 Part D individual prescription drug plans, seven out of 10 seniors do not compare plans.
 
</div> Analyst QuickTake: 
 Earlier this year, in July, Healthpilot <a href="https: 
//sp-edge.com/updates/31639"> raised </a> an undisclosed sum of funding from Humana. At the time of the fundraise, Healthpilot noted it would use part of the funds to grow its brand online. Through the partnership with Publix, the company appears to have taken steps toward achieving this goal.

Healthpilot partners with Publix to offer AI-powered Medicare plan comparison platform

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 An undisclosed amount in pre-Series A funding was acquired by Voxela, a provider of an AI care management system. The identity of the investors has not been disclosed.
 With this funding, the company intends to enhance product features, accelerate adoption in domestic and international markets, boost development efforts, and expand its operations. The company is especially focusing on expanding its market reach in Asia and North America.
 The company's AI-driven system, named Voxela VCare, uses real-time video footage from facility monitoring cameras in eldercare facilities to identify any accidents or potential risks. Facilities that have implemented this system reported a substantial decrease in irregular incidents and highly appreciate its cost-effective installation.
 
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Voxela raises undisclosed amount in pre-Series A funding to expand operations

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 Homethrive, a platform dedicated to elderly care management, has received an undisclosed amount in funding from TELUS Global Ventures. The investment is one among the many by TELUS which has previously funded more than 150 companies, operating in 10 nations and spanning five continents.
 The recently-acquired funds will be channeled by Homethrive towards expanding its operations and further scaling its platform. The platform offers a range of services including care coordination, healthcare management, and emotional support services.
 Homethrive, located in Northbrook, Illinois, has the objective to tackle the ongoing caregiving crisis. Millions of families affected by this crisis can receive expert support in a more economical and accessible manner through Homethrive. The platform achieves this by creating partnerships with employers and integrating human expertise with digital innovations aimed towards efficient elderly care management.
 
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Homethrive raises funding from TELUS Global Ventures

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 Digital health company Linus Health and AI-based patient care firm Brook Health have formed a partnership aimed at delivering quick solutions for cognitive care. Linus Health's cognitive assessment tools will be integrated with Brook Health's remote care platform, enabling immediate screening, evaluation, and treatment planning for cognitive issues by primary care physicians.
 This solution will feature round-the-clock access to the remote clinical care team and aims to facilitate routine early detection of mild cognitive impairments similar to other preventive screenings. The partnership will result in immediate initiation of care, comprehensive cognitive assessments, enhanced accessibility regardless of location, reduced patient anxiety, and primary care providers capable of providing specialist-level cognitive care without immediate referrals.

</div> Analyst QuickTake: 
 Linus appears to be doubling down on expanding its platform’s reach and capabilities through this partnership. It also acquired <a href="https: 
//sp-edge.com/updates/29714"> Aural Analytics </a> and <a href="https: 
//sp-edge.com/updates/31926"> Together Senior Health </a> earlier this year for undisclosed sums, which aimed to enhance Linus' cognitive testing capabilities and expand its platform’s capabilities.

Linus Health partners with Brook Health to provide same-day cognitive care assessments

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 FreeWill, a company focused on estate planning and philanthropy, has introduced a new software platform called Estately. This platform allows financial advisors to provide their clients with extensive estate planning services. It's accessible in all 50 states and Washington, D.C.

 The platform Estately allows the creation of both self-drafted and attorney-drafted estate planning documents in a single place. Users can draft a variety of documents including Wills, Revocable Living Trusts with Pour-over Wills, Durable Financial Powers of Attorney, Advanced Healthcare Directives and HIPAA Authorization, and Beneficiary Designations using this platform.
 FreeWill points out that Estately is designed to streamline client workflows, make it simpler for users to complete and update their estate plans, align financial planning decisions with estate planning, and cater to mobile clients by offering nationwide attorney coverage. Following an 18-month collaboration with Mercer Advisors, FreeWill developed the platform and added it to the services of over 60 firms during its beta testing phase.
 
</div> Analyst QuickTake: 
 <a href="https: 
//sp-edge.com/updates/35201"> Freewill acquired Grant Assistant </a> for an undisclosed sum earlier this month . Freewill acquired this to expand its offerings and establish its first international presence. Through the launch of the Estately platform, the company appears to be taking additional steps to expand its offerings further.

FreeWill launches estate planning platform Estately for financial advisors

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LifeLoop, a software provider for senior living, has introduced AI-based features to its platform for residents and staff. These enhancements focus on three key workflows: Calendar Management, Resident Onboarding, and Resident Engagement.
Calendar Management uses AI to recommend activities based on resident preferences. Resident Onboarding captures preferences and biographical details during live interviews, while Resident Engagement offers personalised programming based on popular interests and automated content recommendations from LifeLoop's engagement library.
LifeLoop claims that the AI-supported Calendar Management feature can reduce the workload of staff by up to 50%. The company intends to release more AI enhancements throughout the year, aiming to enhance the resident experience, streamline staff operations, and address ongoing daily challenges in staff and resident procedures.

</div> Analyst QuickTake: 
 In <a href="https: 
//sp-edge.com/updates/31757"> July </a> this year, LifeLoop acquired Linked Senior, an evidence-based resident engagement platform supporting person-centered care, for an undisclosed sum. At the time, the company noted that the acquisition would enable it to further enhance its platform by integrating Linked Senior's evidence-based engagement solutions. The new AI-enhanced features would further enhance these platform capabilities.&nbsp;

LifeLoop launches AI-enhanced features for senior living platform

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 Audientes A/S, a hearing health company, has raised DKK 1.7 million (USD 250,000) via a directed issue. The income includes a DKK 1.28 million (USD 190,000) cash capital increase from 13 independent investors, while the remaining amount was raised from debt conversion by trade creditors. The share price was fixed at DKK 0.014 (USD 0.002) each.
 These funds will be used to finance operational costs for market entry in China and Japan, expanding operations in Europe and India, maintaining products, supporting customers, and developing new products.
 Post the capital increase, the share count of Audientes will grow by 121,638,386 to 322,031,063 shares, resulting in a dilution impact of about 37.77%. In order to achieve its break-even goals by 2025, the company is planning to pursue a long-term bond of up to EUR 1 million (USD 1.08 million).
 
</div> Analyst QuickTake: 
 Earlier in <a href="https: 
//sp-edge.com/updates/32645"> August </a> this year, Aufientes partnered with Shenzhen Hengtong, a Chinese medical product distributor, to form a joint venture that would develop and commercialize hearing solutions for the Chinese market. With this funding, the company appears to be supporting this initiative, while additionally supporting its other initiatives targeting global expansion.

All Updates

Synapticure raises USD 25 million in Series A funding to expand virtual care for internal operations

Vesta Healthcare partners with Medical Guardian for home-based remote patient monitoring

Homethrive raises USD 20 million in funding round from TELUS Global Ventures and 7wireVentures

Healthpilot partners with Publix to offer AI-powered Medicare plan comparison platform

Voxela raises undisclosed amount in pre-Series A funding to expand operations

Homethrive raises funding from TELUS Global Ventures

Linus Health partners with Brook Health to provide same-day cognitive care assessments

FreeWill launches estate planning platform Estately for financial advisors

LifeLoop launches AI-enhanced features for senior living platform

Audientes A/S raises DKK 1.7 million in directed issue to support global operations

Age Tech

Synapticure raises USD 25 million in Series A funding to expand virtual care for internal operations

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