The elder care sector is seeing major growth, with companies attracting large investments to support aging populations. Devoted Health, a healthcare plan provider for seniors, has reached a valuation of $13 billion.

Other companies are also making an impact by creating new tools and services for this market. PointClickCare, which develops software for long-term care facilities, is valued at $5 billion.

Below is the full list of 5 Elder Care unicorn startups at this time.

Top 5 Most Valuable Elder Care Unicorns

Devoted Health provides all-in-one Medicare Advantage plans designed to simplify healthcare for seniors. Their approach combines health insurance with personal support guides and dedicated medical services to provide more coordinated care.

Valuation$13B (Joined October 2018)
HeadquartersWaltham, Massachusetts, United States
Year Founded2017
FoundersEdward Park, Todd Park
Funding Amount$2.3B
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries E
Top InvestorsVenrock, Oak HC/FT, Andreessen Horowitz, Maverick Ventures, General Catalyst

PointClickCare builds a cloud-based software platform for the long-term and post-acute care market. Their solutions help providers manage the full continuum of resident care, from clinical workflows to financial performance.

Valuation$5B (Joined January 2021)
HeadquartersMississauga, Ontario, Canada
Year Founded1995
FoundersDave Wessinger, Mike Wessinger
Funding AmountCA$297M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusPrivate Equity
Top InvestorsDragoneer Investment Group, Hellman & Friedman, JMI Equity

Papa connects older adults and families with a network of companions for assistance with everyday tasks and social interaction. The service is designed to address loneliness and is often provided as a benefit through health plans and employers to improve members' health outcomes.

Valuation$1.4B (Joined November 2021)
HeadquartersMiami, Florida, United States
Year Founded2017
FoundersAlfredo Vaamonde, Andrew Parker, Jake Rothstein
Funding Amount$241.2M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries D
Top InvestorsSeven Seven Six, FJ Labs, Tiger Global Management, Operator Partners, Y Combinator

Honor developed a technology platform designed to manage and deliver in-home care for older adults. They support the world's largest senior care network, providing tools for local agencies and care professionals to improve the quality of care.

Valuation$1B
HeadquartersConcord, California, United States
Year Founded2014
FoundersCameron Ring, Monica Lo, Sandy Jen, Seth Sternberg
Funding Amount$625M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries E
Top InvestorsThrive Capital, Ares Management, Andreessen Horowitz, Alumni Ventures, Slow Ventures

Cera has built Europe's largest digital-first home healthcare service, delivering professional care and support to patients in their own homes. Their technology uses predictive analytics to anticipate health needs, helping caregivers provide proactive support and prevent emergencies.

Valuation$1B
HeadquartersLondon, England, United Kingdom
Year Founded2016
FoundersMahiben Maruthappu, Marek Sacha, Martin Ocenas
Funding Amount$556.7M
Company SizeEnterprise Organization (5,001+)
Last Funding StatusVenture Round
Top InvestorsSchroders Capital, Jane Street Capital, Credo Ventures, Kairos HQ, BDT & MSD Partners