As the U.S. population ages, more technology is coming online to help manage care for the elderly, a group long neglected by the tech sector.
Among the many apps that are dealing with aging and healthcare is Caremerge, which aims to provide unified communications between family members, doctors, and other designated caregivers about the health of older patients.
The company recently raised $4 million in an initial round of institutional funding from Cambia Health Solutions, Generator Ventures, GE Ventures, Arsenal Venture Partners and Ziegler-LinkAge Longevity Fund.
Interestingly, Generator Ventures is the increasingly active venture arm of Formation Capital, a $5.5 billion private equity firm focused on senior housing and care, post acute and health care real estate investments.
Chicago-based Caremerge initially launched in 2012 to address care coordination and communication issues in the elder care industry with a HIPAA-compliant mobile and internet-based platform that allows staff at senior care facilities to communicate with doctors and family members about treatment.
“Cambia actively supports innovative solutions that can change the game for seniors and families confronting the challenges of aging,” said Cambia Health Solutions senior vice president of strategic investment, Rob Coppedge.