The elderly population is a growing market. The global population of people aged 60 and above will swell more than double from 900 million today, to more than 2.1 billion by 2050, according to the Global AgeWatch Index.
Startups are known to target “tech-savvy” populations, and for many of them that means overlooking older demographics. However, many companies are bucking that trend and focusing on some of the issues that are faced by older members of the population who want to preserve well-being, quality of life, and connectivity as they age.
We used CB insights to identify 11 players operating in this space, attacking spaces ranging from home care, to monitoring systems, to social networks designed for the elderly. The list is ordered alphabetically.
|Company||Company Description||Total Funding||Select Investors|
|3rings||3rings monitors the wellbeing of their elderly relatives using a “smartplug” that connects to domestic appliances||$0.85||Westfield Health|
|Breezie||Breezie provides tablets with simplified operating systems to help the elderly access online services.||$4.60||Clearly Social Angels, The Longevity Fund|
|Easy to Connect||Easy to Connect (E2C) makes easy-to-use smartphones for the elderly.||$1.30||Curious Minds Investments, Plus Ventures, TMT Investments|
|HomeHero||HomeHero is a marketplace designed to help families find, hire and manage quality in-home care for seniors.||$20.10||Launch Fund, Social Capital, Tencent|
|Hometeam||Hometeam transforms the in-home care and aging experience by providing elderly clients with caregivers.||$43.50||Kaiser Permanente Ventures, Lux Capital, Oak HC/FT Partners|
|Honor Technology||Honor is launching a platform to connect seniors and their families with caregivers.||$20.12||Andreessen Horowitz, Homebrew,True Ventures|
|Knopka Zhizni||Knopka Zhizni has developed a mobile medical alert system for the elderly and the disabled.||$2.30||Internet Initiatives Development Fund, Rintech.ru|
|Life Circle Health Services||Life Circle Senior Services provides doctor supported home nursing services to senior citizens and bedridden patients.||$0.15||GROUPE SOS|
|SmartCare Consultants||SmartCare Consultants develops monitors to track the movement and well-being of seniors.||$0.25||Capital Innovators|
|Stitch||Stitch is a meeting site for elderly people to find companionship.||<$0.1||500 Accelerator, Silicon Badia|
|Tinybots||Tinybots are small social robots that assist the elderly with dementia.||<$0.1||Rockstart Accelerator|
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This report was created with data from CB Insights’ emerging technology insights platform, which offers clarity into emerging tech and new business strategies through tools like:
- Earnings Transcripts Search Engine & Analytics to get an information edge on competitors’ and incumbents’ strategies
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- Market Sizing Tools to visualize market growth and spot the next big opportunity