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
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Get the Sheet for $50Devoted 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) |
| Headquarters | Waltham, Massachusetts, United States |
| Year Founded | 2017 |
| Founders | Edward Park, Todd Park |
| Funding Amount | $2.3B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series E |
| Top Investors | Venrock, 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) |
| Headquarters | Mississauga, Ontario, Canada |
| Year Founded | 1995 |
| Founders | Dave Wessinger, Mike Wessinger |
| Funding Amount | CA$297M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Private Equity |
| Top Investors | Dragoneer 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) |
| Headquarters | Miami, Florida, United States |
| Year Founded | 2017 |
| Founders | Alfredo Vaamonde, Andrew Parker, Jake Rothstein |
| Funding Amount | $241.2M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | Seven 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 |
| Headquarters | Concord, California, United States |
| Year Founded | 2014 |
| Founders | Cameron Ring, Monica Lo, Sandy Jen, Seth Sternberg |
| Funding Amount | $625M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | Thrive 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 |
| Headquarters | London, England, United Kingdom |
| Year Founded | 2016 |
| Founders | Mahiben Maruthappu, Marek Sacha, Martin Ocenas |
| Funding Amount | $556.7M |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Venture Round |
| Top Investors | Schroders Capital, Jane Street Capital, Credo Ventures, Kairos HQ, BDT & MSD Partners |