Kare, a Hoston, TX-based digital labor marketplace for senior care and post acute care facilities, raised $7.85M in Series A funding. Golden Section Ventures led the round. The company intends to use the funds for national expansion…

Our investors are part of making our vision a reality: reducing bankruptcy due to out-of-pocket healthcare costs.”

Trusty.care today announced it closed a $4m series Seed round at a valuation of $15.5m. This round of funding was led by Gaingels, ManchesterStory Ventures, and Rebalance Capital with the participation of Boro Capital and various family offices and Angel investors…

Today's entrepreneur is Joshua Itano, the co-founder and CEO of healthcare transportation provider CareCar.

CareCar's uses a market platform approach, where the company onboards independent nursing assistants and medical assistants, and people with that kind of background, to transport patients to and from the doctor using their own vehicles.

The company recently raised a $3 million round of funding led by Kapor Capital and Impact America Fund, with Concrete Rose participating as a co-investor.

Innovation enthusiast, Max Zamkow, Partner, Third Act Ventures shares how he is transforming the way older adults experience aging. We spoke with Max at the Senior Living Transformation Summit 2020 by Kisaco Research, where forward-thinkers gathered and shared very real challenges, insights and experiences in disrupting the senior care market.

“We can be providing a much better service and experience in long-term care and that’s exciting! There’s a lot of room for growth and innovation for how we all live happier and healthier lives.” ~ Max Zamkow, Partner, Third Act Ventures

Twist Bioscience Corporation (NASDAQ: TWST), a company enabling customers to succeed through its offering of high-quality synthetic DNA using its silicon platform, and Biotia, Inc., a company that uses proprietary analytical software for infectious disease diagnostics, today received Emergency Use Authorization (EUA) from the U.S. Food and Drug Administration (FDA) for the SARS-CoV-2 Next-Generation Sequencing (NGS) Assay.

Trusty.care was recognized as a 2021 WellBeyond Award winner for Most Inspiring Initiative in Financial Wellbeing. The WellBeyond Awards is a national competition presented by Sequoia to acknowledge corporate and individual commitment to employee health with exceptional corporate wellness programming.

Trusty.care received the Most Inspiring Initiative in Financial Wellbeing award for their employee compensation initiative during, and after, the COVID-19 pandemic.

Today Attn: Grace, the first subscription-based, sustainable wellness brand for women as they age, announced the launch of a new, strategic collaboration with AARP Innovation Labs and an additional round of $900,000 in pre-seed funding. Tusk Venture Partners led the round, joined by existing investor, Precursor Ventures, and new investors Joyance Partners and Social Starts. This brings Attn: Grace’s total funding to $2 million within five months of launch.

The U.S. economy is in the grip of a labor crunch, with headlines blaring about worker shortages across industries from trucking to hotels to banking. The senior living industry has not been spared from pandemic-related workforce challenges — but the current difficulties might only be worsening a system that was already under immense pressure before Covid-19.

That is evident in a recent research report conducted by Kare, a senior living staffing app that connects senior housing and care communities with workers who need shifts; and Bear Wise Consulting, in conjunction with the Texas Assisted Living Association (TALA). The survey, which tracked responses from 227 caregivers and 164 managers who work with Kare, found that pay was indeed the top motivator for senior living workers seeking a permanent role in a community, and also the biggest reason why they might choose to quit.

After working in a nursing home for five years, the founders of Trusty.care saw an opportunity to reduce the burden on the elderly population facing financial and high healthcare costs for retirees. Trusty.care is the dual-facing digital platform that helps health insurance brokers and financial advisors identify financial risks that older clients may incur due to healthcare costs. The platform then matches clients’ customers with appropriate insurance products, public benefits, and cost-saving tools. The healthcare system has become increasingly complex for retirees and Trusty brings much-needed transparency for a financially vulnerable population.

AlleyWatch caught up with CEO and Cofounder Joseph Schneier to learn more about Trusty.care, the company’s experience raising during COVID, and recent funding round, which brings the total funding raised to $4.3M across four rounds.

Nymbl Science, the leader in digital, scalable fall prevention for older adults, is pleased to announce the closing of a $4 million Series A funding round. Cobalt Ventures, LLC, the investment arm of Blue Cross and Blue Shield of Kansas City, led the round with additional participation from other Nymbl investors. The proceeds will enable the expansion, support and technical needs of Nymbl’s rapidly growing balance improvement system, thus furthering the company’s ability to meet the needs of older adult populations through Medicare Advantage and Single-Payer insurance systems worldwide.

Last month I had the pleasure to interview Max Zamkow, the founder and partner in Third Act Ventures, an early stage VC that invests in Age Tech companies. The following text is an edited transcription of the recorded interview.

Can you tell us what brought you into Age Tech in general and investing in Age Tech?

What brought me into Age Tech was something that happened to my grandmother going on about 8 years ago now. I was living out in the San Francisco bay area and my family is from the East Coast of the US, so my grandmother was in New Jersey. She was at that point where she couldn’t take care of herself anymore. My grandfather had passed away a couple of years before, and the house she was in was just too big for her to manage herself, started to fall, all the classic things that happen to us as we get older.