Disrupting Eldercare

We see opportunities to provide solutions for family caretakers who are on the front lines in caring for the elderly.

By 2050, there will be more than 2 billion people over the age of 60 in the world – about 25% of the world’s population. These numbers, combined with a massive increase in tech adoption by older adults, and a growing number of elderly-care providers, mean the Age Tech market is expected to reach $2 trillion.

Better aging is more a preventative and all-encompassing problem and solution set, as opposed to focusing on the elderly which is largely healthcare-related and corrective.

Over the past decade we have seen a wave of consumer fintech innovation unbundle the traditional bank and financial services platforms as younger customers have poured in to those emerging leaders. But no recent consumer-focused fintech player has built a new, large financial services platform specifically focused on America’s aging population. Giv... See more

Age Tech is an important new vertical within the tech industry

The number of service providers were numerous, creating a chaotic patchwork system with 15.6k nursing homes, 28.9k assisted living facilities, 4.3k hospice providers, 4.6k adult day care centers, augmented by over 12.2k home health agencies. And the need for these services is only increasing as the population ages. According to the National Investm... See more

Welcome to the $648 billion care economy—the money we spend to care for our loved ones, from their first breath to their last. There are four dynamic areas of growth in the sector: (1) Child care. It’s a $136 billion market that’s desperate for supply and ripe for disruption and innovation. (2) Workplace. Forty-two percent of employers plan to add ... See more