Resident insight and experience platform TSOLIFE won $43 million in the Series B funding round led by Peakspan Capital, bringing the company’s total funding to $52 million.
What it does
Minerva, Tsolife’s AI platform, simplifies data creation through embedded analytics, allowing the senior living community to collect and use data to help make decisions.
The Minerva platform transforms recorded audio interviews into a complete digital residential profile that provides comprehensive insights for each person.
The platform analyzes each resident’s digital profile to identify potential friendships within the community, allowing staff to introduce prospects and current residents to new friends, and coordinate like-minded groups.
The Florida-based company will use its funds to promote product development, enhance AI capabilities, increase customer support and expand its mission to bring data-driven, AI-powered operational improvements to the senior living community.
“We have demonstrated our ability to strengthen social factors of health, connection, purpose and engagement, significantly improve quality of life and extend our stay for more than six weeks,” said David Sawyer, founder and CEO of Tsolife in a statement.
“This funding round accelerates our ability to embed initial support for personalized residents in the everyday interactions, processes and decision-making that shape the lives of our communities.”
Market Snapshot
Other companies in senior living space include SafelyOu, manufacturer of AI-enabled technologies for fall detection and prevention.
In January, it closed its $43 million Series C funding round led by Touring Capital, bringing its total to more than $100 million.
Samsung NextOmega Healthcare Investors, Foundation Capital, Founders Fund, Cross Creek, and Qualcomm Ventures participated in the round.
In 2021, the company secured it a few months after closing the $19.5 Series A round Series B funding costs $30 million.
In 2021, Upside Home, a Fort Lauderdale, Florida-based startup, raised $2.25 million in an overregistered seed funding round.
The round was co-led I joined more from Techstars at Triple Impact Capital and Freestyle Capital.
Upside Home offers fully managed apartments for seniors with many facilities, including on-demand concierge services, one invoice for utility, grocery delivery, regular housekeeping, virtual and in-person learning opportunities.
